If you’re in the market for a home, investing in a duplex can be a wise decision for several reasons. Whether it’s a secondary income, reduced living expenses or a long-term investment that you’re after, duplex properties have a lot to offer that makes them hard to look past for many buyers.

Here are the top five why you may consider buying a duplex home in Calgary the next time you make a move in the residential market.

1. Income Generation
Purchasing an entire duplex allows you to rent out one side and live in the other to generate secondary income and supplement your finances. This income can help pay off your existing mortgage or serve as an extra source of income for other ventures. This also makes it easy to manage the property and will reduce any expenses you would incur for third-party management services when living off-site.

2. Reduced Living Expenses
Living in one unit and renting out the other can significantly reduce your living expenses, including your mortgage payments. Reducing your bills means you’ll have more cash freed up for other things in life such as travelling and/or other investments.

3. Long-Term Investment
Duplex properties can appreciate in value over time given the right market conditions, making them a wise long-term investment all the while earning rental income from the tenants. The appeal of potentially increasing your asset value while having that rental income means duplexes are often in the crosshairs of real estate investors and highly sought after on the residential market.

4. Help a Loved One
The duality of a duplex home means that as an owner you could live in one side and set up a loved one in the other. Keep your family who are in need of due care and attention close to home when owning a full duplex, and have peace of mind knowing that they are being taken care of to the best of your ability.

5. Affordability
If you’re just looking to buy one side of a duplex build, it will be more affordable compared to similar detached single-family properties. That’s because of the shared wall, foundation and other components utilized for both sides of the build, inducing savings on the overall cost of the property.

Questions about Duplex Properties?
Contact an experienced, full-time Realtor® in Calgary to discuss your real estate goals, one who will hold your best interests at heart and help guide you towards a successful transaction.
Wishing you all the best in your next home search!