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A duplex is a multi-family home that has two units in the same building. These two units always share a common wall, but the floor plan can vary. Units can be arranged either side by side or stacked on top of one another, each occupying an entire floor or two of the building.
Is it cheaper to build or buy a house? As a rule of thumb, its cheaper to buy a house than to build one. Building a new home costs $34,000 more, on average, than purchasing an existing home. The median cost of new construction was $449,000 in May 2022.
A duplex is a solid investment. It can produce strong value growth and high rental yields for a much lower price than a detached house. Moreover, building a duplex involves subdividing and servicing the property to furnishing it with your choice of carpets and blinds before selling or renting it out.
There are many benefits that come along with owning and renting out a duplex, including extra income, tax write-offs, the ability to qualify for FHA, and the opportunity to be able to live in the investment property.
Beginning of a real estate portfolio. A duplex is a great stepping stone for anyone looking to invest in real estate. While you live in half, you can pay down your mortgage. Then, when you move out, you can rent out both sides doubling your rental income.

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noun. an apartment with rooms on two connected floors. Also called: duplex.
Duplexes are great investments. As a single property with two rentable units in one package, the duplex lends itself to easy management and economies of scale. Duplex units also dont usually have condo or HOA fees. Your return on investment is better in general with a duplex home.
Because of the shared lot, shared foundation, and shared roof, a duplex is much cheaper to build than two separate houses. On average, building a duplex costs 37% less than building two homes. And thats not including the cost of the land!
Cons of a Duplex Apartment Disturbance. Since Duplex have common walls, disturbance can occur due to noise, if walls are not well insulated. No guaranteed source of income. Maintenance. Getting the right tenant. Limited options.
A duplex comprises two separate residential units built inside the same building/ structure. They have private elevators and staircases. On the other hand, flats come in various designs, where some come with many rooms while others have a completely open layout.

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