Why is buying a duplex in CA a great idea?
Well, duplexes offer incredible versatility. One of the reasons why you may consider buying a duplex is a smart investment is the flexibility that comes with owning a two (or three) unit property. You have the option to rent one unit on a long-term basis and the other unit on a short-term basis, which can be particularly profitable if your duplex is located in a vacation hotspot. So, if you’re looking for a property that offers both potential rental income and the opportunity to enjoy a vacation home, a duplex in CA is definitely worth considering.
What is the difference between a duplex and a townhouse?
Townhomes, being multi-family housing complexes, can consist of 3, 4, or 5 units arranged in a row, or 4 units vertically stacked. On the other hand, duplexes have just two connected homes, with each owner owning half of the property and only sharing a single wall.
Is it profitable to own a duplex in CA?
One of the key advantages of owning a duplex is the flexibility it offers. You can choose to live in one of the units while renting out the other, maximizing your investment potential. If you’re considering strictly investing in rentals, duplexes provide a unique opportunity to double your cash flow while spending less than you would on two single-family homes. Plus, with a duplex, you have the freedom to make half of it your home. Explore the benefits of owning a duplex in CA and unlock the potential for increased profitability.
Why is duplex more popular in CA?
Duplex homes in CA have gained popularity for several reasons. Firstly, privacy is a key factor as duplex homes offer more privacy compared to apartments. Additionally, these homes provide ample living space, making it effortlessly convenient to accommodate a growing family. Another advantage is the lower maintenance cost that comes with shared walls, making duplex homes a more cost-effective option than standalone houses. With all these benefits, it’s no wonder that duplex homes have captured the interest and preference of many in CA!