Investing in Dual Occupancy Designs: What You Need to Know in Sydney, New South Wales
If you're searching for a profitable investment in real estate, it may be worthwhile to look into dual occupancy designs. Dual occupancy pertains to a property that's intended to house two independent households, each with its entrance, kitchen, bathroom, and living space.
Multiple factors make investing in dual occupancy designs a wise decision. Firstly, they provide a greater rental return in comparison to single-unit properties. This is because when you invest in a dual occupancy property, you essentially acquire two properties for the cost of one, which results in double the rental income.
Dual occupancy designs have the added benefit of providing a versatile living situation, which is particularly useful for families with multiple generations living together or those who want to earn extra money by renting out one of the units.
It's crucial to thoroughly think about various factors such as zoning and council regulations, design and arrangement, financing and insurance, and property management before buying a property. This way, you can guarantee that you make a wise investment that will yield profitable returns in the long run.
