A duplex falls somewhere between a single-family home and an apartment building, with some of the benefits of each. If you are unfamiliar with this form of housing, you may be missing out on a residential property option that could work for you. The following will explain what you should know about this housing alternative.

What Is a Duplex?

A duplex is a two-unit residential building. Traditional duplexes are identical, side-by-side apartments that share a common wall and a shared yard. However, some two-unit buildings with separate, first and second-floor apartments are also considered duplexes, as are side-by-side units of different sizes.

As a renter, this option offers a bit more privacy than a traditional apartment complex. Each unit is also typically less expensive to lease than is a single-family home. As a potential buyer, however, they often cost more upfront than a single-family home due to the increased income-generating capacity.

What Are the Benefits of a Duplex?

As a renter, a duplex is convenient because you often get all the amenities of a single-family home, including storage space in a basement or attic, a yard, and possibly a garage, without the premium price. However, you lose a bit of privacy because of the shared wall and proximity to another household.

As a home buyer, duplexes are attractive because you can rent out the unoccupied unit and help cover your mortgage payment. Buyers may also enjoy the option to install extended family members—for instance, a mother-in-law or newlyweds—right next door. It makes visiting convenient while permitting each household a measure of privacy and independence not available if everyone were in a single home.

Furthermore, because a duplex is presumably a for-profit investment, you are allowed to deduct the cost of certain maintenance expenses from your tax burden, which isn’t allowed with single-family homes.

If you're looking to buy or rent a duplex, contact Realty Roundup Inc. in Elk Grove, CA. They have served clients in and around Sacramento County since 1978. They specialize in residential property and have duplexes, apartments, and rental homes for lease. Visit their website to see available units or call (916) 685-6601 to make an appointment.