{"id":297,"date":"2021-01-25T09:00:22","date_gmt":"2021-01-25T09:00:22","guid":{"rendered":"https:\/\/www.thinkmint.ng\/buyrealestate\/?p=297"},"modified":"2021-05-14T14:46:03","modified_gmt":"2021-05-14T14:46:03","slug":"5-reasons-to-buy-a-duplex","status":"publish","type":"post","link":"https:\/\/www.thinkmint.ng\/buyrealestate\/5-reasons-to-buy-a-duplex\/","title":{"rendered":"5 reasons to buy a duplex"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-298\" src=\"https:\/\/www.thinkmint.ng\/buyrealestate\/wp-content\/uploads\/2021\/01\/duplex-pix.jpg\" alt=\"\" width=\"258\" height=\"196\" \/><\/p>\n<p style=\"margin: 0in; line-height: 18.0pt; background: white; vertical-align: baseline;\"><strong><span style=\"font-size: 9.5pt; font-family: 'Lucida Sans Unicode',sans-serif; color: #343434;\">Duplex homes have a lower barrier to entry.<\/span><\/strong><\/p>\n<p style=\"margin: 0in; line-height: 18.0pt; background: white; vertical-align: baseline;\"><span style=\"font-size: 9.5pt; font-family: 'Lucida Sans Unicode',sans-serif; color: #343434;\">Buying one side of it is a great entry point for a first-time home buyer or someone who needs a more affordable entry point in a certain market. On average a duplex unit is more affordable when compared to a single-family home with a similar number of beds and baths, square feet, and condition.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"margin: 0in; line-height: 18.0pt; background: white; vertical-align: baseline;\"><strong><span style=\"font-size: 9.5pt; font-family: 'Lucida Sans Unicode',sans-serif; color: #343434;\">Duplex homes are homes with cash flow.<\/span><\/strong><\/p>\n<p style=\"margin: 0in; line-height: 18.0pt; background: white; vertical-align: baseline;\"><span style=\"font-size: 9.5pt; font-family: 'Lucida Sans Unicode',sans-serif; color: #343434;\">Buying a duplex and occupying one side gives you the ability to have a cash flow source while having the utility of a home. Remember this cash flow is in addition to the affordability advantage you have from living on one side of the duplex. These cash advantages can take care of various expenses.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"margin: 0in; line-height: 18.0pt; background: white; vertical-align: baseline;\"><strong><span style=\"font-size: 9.5pt; font-family: 'Lucida Sans Unicode',sans-serif; color: #343434;\">A duplex home gives you faster home equity.<\/span><\/strong><\/p>\n<p style=\"margin: 0in; line-height: 18.0pt; background: white; vertical-align: baseline;\"><span style=\"font-size: 9.5pt; font-family: 'Lucida Sans Unicode',sans-serif; color: #343434;\">If the goal is to earn home equity then living on one side and renting the other side provides you with the ability to make double mortgage payments each month effectively halving your <a href=\"https:\/\/www.sc.com\/ng\/mortgages\/\">mortgage term<\/a>. This reduces the interest paid and accelerates your home equity which can be borrowed against if needed.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"margin: 0in; line-height: 18.0pt; background: white; vertical-align: baseline;\"><strong><span style=\"font-size: 9.5pt; font-family: 'Lucida Sans Unicode',sans-serif; color: #343434;\">Duplex homes allow for unique living situations.<\/span><\/strong><\/p>\n<p style=\"margin: 0in; line-height: 18.0pt; background: white; vertical-align: baseline;\"><span style=\"font-size: 9.5pt; font-family: 'Lucida Sans Unicode',sans-serif; color: #343434;\">The duplex housing style opens up options for unique situations. Say for example you need to take care of someone in your family who needs close supervision but is also a situation where both parties, yourself and your family member require privacy and space. By living on one side and having your family member live on the other side, it solves that dilemma.<\/span><\/p>\n<p>Also read: <a href=\"https:\/\/www.thinkmint.ng\/buyrealestate\/risks-to-avoid-when-you-want-to-buy-real-estate-in-nigeria\/\">Risks to avoid when you want to buy real estate in Nigeria<\/a><\/p>\n<p style=\"margin: 0in; line-height: 18.0pt; background: white; vertical-align: baseline;\"><strong><span style=\"font-size: 9.5pt; font-family: 'Lucida Sans Unicode',sans-serif; color: #343434;\">It gives you a great rental for the future.<\/span><\/strong><\/p>\n<p style=\"margin: 0in; line-height: 18.0pt; background: white; vertical-align: baseline;\"><span style=\"font-size: 9.5pt; font-family: 'Lucida Sans Unicode',sans-serif; color: #343434;\">A great aspect of buying a duplex and living on one side as your first home is that when you are ready to move to your next property, you will have an ideal <a href=\"https:\/\/www.thinkmint.ng\/buyrealestate\/buy-real-estate-in-nigeria\/\">rental property<\/a>. Not only will you have the knowledge of running a property and but you will also know how it feels from both the landlord and tenant perspective.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Duplex homes have a lower barrier to entry. Buying one side of it is a great entry point for a first-time home buyer or someone who needs a more affordable entry point in a certain market. On average a duplex unit is more affordable when compared to a single-family home with a similar number of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":305,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_canvas","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[50,49,32],"class_list":["post-297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-buyrealestate","tag-duplex","tag-lagosproperties","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.6.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 reasons to buy a duplex and invest in real estate- Buy Real Estate<\/title>\n<meta name=\"description\" content=\"5 reasons to buy a duplex and invest in real estate by owning a property. 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