Buyer Attention: Duplex - you don’t want to ignore | Good deal and better for townhouse. And Risk?
Many buyers only pay attention to Single House, Townhouse, Condo, but ignored Duplex. Duplex. The value of Duplex has been undervalued usually. Why is it good for you. Why is duplex very good for buyer? I will let you know at the end.
Great Investments, or good deal.
Common property Assets: Drive way, foyers, or gardens, air conditioners, lifts, garbage bins, separating wall, roof.
Side by side, front back, up and down stairs
Usually discuss Insurance and roof with neighbour. Usually there is a fence to separate.
For title: Free hold Strata, Free hold non-strata, Lease hold strata, lease hold non-strata
Usually it’s free hold, fee simple title, rarely lease hold.
Strata or non-strata, Strata Property Act
Non-strata, usually one owner only
Compare to Townhouse
Usually: Less cost and expense, No Strata Fee
No complicated council
Quick and easy decision with neighbour
Bigger front and back yard.
Bad side? None, I don’t have any
Compare to Single house
Cheaper and single house feeling,
Especially for side by side ones
Bad side, you must deal with your neighbour for insurance and roof.
Vancouver 90% of the single houses can be built to duplexes
Some will have a rental unit, it’s almost not possible for townhouses
Most of the are Non-conforming Strata
No council, no bylaws, no rules, no agm, no minutes
Contingency Reserve Funds
No agreement with neighbour, trouble
Neighbour make legal risk, trouble.
Is it easy to sell or buy? No, that’s why it’s good for you.