Properties for investments that not just improve your portfolio of real estate investments but you can also utilize the investment property to generate an additional source of earnings for you and your loved ones. You can also search online to hire the best duplex home builders in Sydney.
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One method to build the capital for an investment is to purchase or construct a duplex or another dual-occupancy property. A dual-occupancy home could be semi-attached or detached for example, an apartment that is attached to the garage, or as an independent building on a property.
If you are building a duplex, the tips and suggestions of those who were in your position will be of great help for you before and during the process of building.
Be aware of the law
The construction of a duplex, also known as a granny flat, requires some basic information about the law of real estate. It is illegal to build any structure without having the appropriate permits, and you shouldn't construct any structure to invest in without consulting an accountant about the tax you have to pay upon the sale of the duplex or the income you earn from rent earned from the duplex.
Meet all building and building regulations of the council
Additionally, your duplex needs to satisfy all structural, height, and floor space as well as other requirements before it can be constructed. This involves sketching the structure that includes every detail necessary to the structure. However, you can make additions to the existing structure to make it into the duplex, or construct a new structure on land with no use.