Do you know that people are rapidly investing in gold and property? People expect the value of the house to appreciate. Well, with all due respect to people’s investment capacity and hope, it’s better to buy a duplex. As a homeowner, you should be aware of the advantages and disadvantages of a duplex apartment.

They are the following:

advantage:

1. If you have taken a loan or bought a duplex on the basis of a mortgage, then you can give a part of the apartment for rent. This way, you can collect the rent and pay off the loan or mortgage. There is also a provision to settle the amount by making your payment double what the EMI settled is.

2. Duplexes are quite affordable. If you are on a budget then you can go for the duplex. In addition, you also receive an attractive rental income.

3. If you have a duplex, it means you can let any member of your family stay with you. This will be a great contribution from you to your family. You can keep them close to you and have a healthy life.

Disadvantages:

1. Renters and homeowners often don’t freeze well. As a result of which you may face a number of headaches, complaints and requests. To limit the above things, you must maintain certain rules and regulations and strictly ask your tenants to follow them.

2. Tenants, the very word reflects impermanence. In fact, tenants are temporary residents of your home. As a result, you never know for sure how long you’ll earn rental income from your tenants. Therefore, it is important to choose your tenant wisely.

3. Another disadvantage of the duplex is that you will have to supervise all major and minor repair work yourself. Therefore, it is very important to think before investing in a duplex apartment.

Thus, we see how a duplex has several advantages and disadvantages. Today, many ground floor apartments are also available with duplex apartments that help store those things you don’t want to keep around the house. Regardless, you will love living in a duplex. If you choose to go one step further, look at all aspects. This includes choosing the right company, weighing up prices, and many other things. If you take a bank loan, make sure you have enough provision to pay the EMI. Your investment in such things is worth the amount and the happiness that follows.