6 Reasons To Build Luxury Modern Duplex House

Are you planning to build your dream abode? Are you exploring all your options to find a perfect fit for you and your family? Have you explored the outstanding perks of luxury modern duplex house design in Austin? A duplex can be defined as two apartments as side-by-side units or on different levels. Each unit is self-contained, featuring its own entry. 

While exploring your options with luxury custom home builders in Austin, TX, the idea of a duplex might have crossed your mind, but you might have your doubts. Are you wondering whether its benefits outweigh the investment? Let's explore the answer to the same:

Keep a Senior Family Member Close By

As your parent's age, they might not want to live in retirement or nursing home yet. The modern luxury duplex home offers you an excellent opportunity to keep them close to you and, at the same time, offer them an independent space. 

Excellent Cash Flow

One of the most significant advantages of the luxury modern duplex house design in Austin is excellent cash flow. You can choose to live in one unit or rent out other. Rental is always a perfect side hustle. 

Bonus Tip: Before renting a duplex unit, you should research landlord-tenant laws. Don't forget to screen potential tenants and customize a lease. 

An Excellent Investment for First-Time

Duplexes are an affordable housing option and an excellent investment for first-time buyers. They can have similar numbers of rooms as a single home, idle for a big family. However, at a smaller lot, saving cost. 

Build Equity and Trade it Off

Did you know that you can build equity on your duplex property, and it can help you get more loans for other real estate property? You can approach a bank with sufficient equity for a different loan to invest in another property. You can boost your real estate portfolio by deliberately and carefully managing your duplex. 

Low Entry Barrier

As mentioned above, the duplex house plan has two living units either next to or attached to each other. One of the excellent advantages of this setup is that if you want, you can sell or rent out both units differently.

Tempting Tax Breaks

Another perk offered by the duplex home design is taxes. When you buy a house, you get a tax write-off for the interest you pay on the mortgage. If you invest in a two-family unit and decide to live in one unit while renting out the other, you will get the write-off on half of the duplex. However, a key point to remember is that when you rent out the second unit, there will be different write-offs for fees accrued to:

• Rent or manage the property

• Any types of repairs made

• Utility expanse

You can also include the shared bill between you and the tenant in the write-offs, such as the internet bill. 

Wrapping Up

Duplex houses are an affordable housing option with an excellent return on investment. Hire the luxury custom home builders in Austin, TX, to build your dream house today.