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The Duplex: Two Homes for the Price of One
Lately at Ma Williams we’ve seen more questions about duplexes, and whether this type of dwelling is built by manufactured home providers. The answer is yes, and a Ma Williams representative would be happy to discuss the options available.
What is a Duplex?
A duplex is a building with two separate structures under one roof.
What Are the Benefits of Building a Duplex?
It depends on your circumstances. If you have grown children that want a place of their own, or aging parents that you’d like to keep close, a duplex might be an alternative to an accessory dwelling unit (ADU).
However, those that don’t need two homes may want to consider a duplex anyway as an investment opportunity. Your family lives in one unit, and you offer the other unit available for rent. The cost of building a duplex is much lower than the cost of building two separate manufactured homes, and monthly cash flow generated by your tenants can help you pay off your mortgage.
Another option is to build a duplex and rent out both units, in which case those combined rents will likely be enough to cover the entire monthly expenses. Yes, the initial investment is greater, but the long-term benefits are substantial.
And there is one more financial benefit – investing in a duplex as an investment property qualifies you for several additional tax deductions.
Any Downside?
Well, any landlord will tell you that there are sometimes challenges dealing with tenants. Also, two dwelling units can mean double the maintenance, though today’s manufactured homes are built to such high quality that these issues can be minimized.
There will also be zoning considerations, but we can help you with those as well.
Would a duplex meet your living or investment needs? Let’s talk
