The Benefits of Building a Duplex on the Central Coast
The Benefits of Building a Duplex are plentiful. We explore the most valuable benefits & why you should consider it.
Central Coast Property Market - Building a Duplex
The Central Coast has gone from a sleepy little fishing village holiday location to a bustling region, with great population growth, growing local economy, increased infrastructure and a rising property market.
The housing market has been a hot topic for a couple of years now with property prices doubling in the last 15 years. Median house prices have gone through the roof and so have land values. All this makes the dream of buying and owning your own home almost out of reach especially for the younger generations that are just branching out on their own. Not only have the house and land prices increased, but so have the rental prices. The Central Coast has some of the best performing rental yields in NSW, so owning a rental property could be of huge benefit as well.
This brings us to the topic of the benefits of building a duplex on the Central Coast and why it might be the best solution for you to get into the property market and earn some excellent rental income at the same time.
The Benefits to building a Duplex on the Central Coast
There are many benefits to building a duplex on the Central Coast, but before we get into that we need to explain what a duplex.
Beach Breeze Building specialise in Duplex builds so feel free to contact us for information on how we can help you to build your duplex.
What is a Duplex?
A Duplex, also known as a dual occupancy, is a residential building that has two units under a single roof. The units share a common dividing wall that splits the building into two homes but they act like totally seperate homes. They have their own entrance, amenities and yard.
The good thing about a duplex is that the homes can have seperate titles so if you decide to sell one you are in a position to be able to do so.
Highlighted Benefits of Building a Duplex on the Central Coast
Based on the high land value and property prices on the Central Coast, building a duplex may be the perfect option for you. It would allow you to live in one of the units and lease the other one, which would help to cover the mortgage or give you extra income.
There are many benefits that come with building a duplex, and going with a reputable building company like Beach Breeze Building will ensure you get value for money, a team of experienced duple builders, and your project completed on time and on budget.
Benefit #1 – Added Value or Instant Equity
The value added to a property when a duplex is built is is a huge benefit and one of the biggest attractions for potential investors.
Having two rental incomes from the property or living in one and having rental income from the second is a huge drawcard. There is also the instant equity that you get from a duplex that is another benefit. Building a duplex instantly increases the value.
Benefit #2 – Rental Returns
Whether you choose to rent both of the apartments or live in one and lease one, you will see rental returns. Either way you do it, the financial strain of mortgage repayments will be significantly minimised by one or two additional incomes.
Benefit #3 – High Growth Potential
The Central Coast is in a win win situation with property prices and rental returns at the moment and no matter where you choose to build your duplexes, you will not lose financially if you are sensible and don’t overcapitalise. Choosing the right location certainly ensures that you maximise on capital growth, but with a duplex it is not just one but two properties. This helps you to create equity within the properties.
Benefit #4 – Savings
Building a duplex is a smart move when it comes to saving money on things such as rates, as you will only receive one rates bill. If you are renting the other duplex you may be able to claim such tax deductions as some items are shared across both units.
The Benefits of building a Duplex with Highly Skilled Builders on the Central Coast
The team at Beach Breeze Building are highly skilled builders with many years of experience in duplex builds. We pride ourselves on our ability to build multiple styles of homes, townhouses and other multi-dwelling properties to exact specifications.
From our innovative building techniques and quality workmanship to our unbeatable value, and attention to detail, you can’t go past the Central Coast’s experienced and fully licensed duplex builders, Beach Breeze Building.
We specialise in multi-dwelling new builds, luxury apartments and townhouses as well as duplex builds. Our specialised services around dual-occupancy projects make us the company to deliver the ultimate multi-dwelling property. We guarantee that we will help you to achieve your short and long term property goals, and our builds are delivered on time and on budget every time.
Our local knowledge of the Central Coast, passion for the community and masterful skill set is what sets our Central Coast builders above the rest on the coast. Our team of professional, licensed builders are ready to take on your next project. We strive to deliver a seamless building experience, from planning and construction to maintaining a strong client relationship throughout the project and ongoing support after we hand the keys over.
We have a strong reputation for quality, transparency and honesty throughout the entire building process.
Our list of Building services include:
Beach Breeze Building – Central Coast Duplex Builders
We know building a home is one of the most important and expensive things you will do in your life. We also understand that it can at times be very stressful. We are here to help. Our promise to you is that you’ll always have someone to talk to if you have any questions along the way. Feel free to ask as many questions as you want, as often as you need.