It is a well known fact that building a duplex house has a lot of potential in contributing towards the overall profit of the person who is getting a new home built.
A duplex property is basically a combination of two dwellings with a single roof and a wall that separates the two living spaces. There is a separate home on both sides of the wall with a different entrance gate, yard and other amenities. More often than not, only a single family buys the entire duplex, but sometimes, more than one family might share the duplex. After finalizing to hire a building company to build a duplex in Sydney, you have to be aware of the fact that a duplex property is like a big attraction for all the potential investors. When there is a potential of two rental incomes coming from just a single property, it always attracts the investors. However, the most beneficial point of getting a duplex built lies in the equity. When you build a duplex, it helps in creating a higher equity and also a higher rental return at the same time.
A very good example of how a duplex building project proves to be extremely beneficial is:
John completed a building project of the duplex. The total cost, which includes the buying of the land, construction cost and all the money that was spent on the development phase was $500,000. After a year had gone by of building the property, both the dwellings of the duplex were rented out. The property now had a net worth of $700,000 and brought $600 rent every week per dwelling. In almost a year, John had managed to create a decent equity was now bringing in steady income as well just by building one complete property with two different housing units. There are many builders in Sydney who would build a duplex for you. Remember to only hire the ones who have enough experience and are reliable with their work. If you want to get a good return, it is important that you hire the best that is there.