4 Reasons to consider owning a Duplex

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Recently we’ve had the pleasure of listing 2 great Burlington VT duplexes (click photos for link to details) . In such a HOT rental market  these are PRIME INVESTMENT properties. Both the seasoned investor and the individual looking to owner occupy will take interest in these properties.

If you are looking to start building equity owning a duplex offers the perfect blend of both personal and business investment. The clear advantage over single family home ownership is the income revenue stream that a duplex generates. Here are 4 essential reasons to consider purchasing a duplex:

#1– Own a home AND have some cash flow!
A duplex allows you to  occupy one side and gives you the ability to create a cash flow source. Investment and  utility all in one.
#2 – Home equity FASTER!
Use your rental income to leverage your mortgage payments. Use the rental income as an extra monthly payment on the mortgage and  effectively half your mortgage term. You’ll reduce the  interest paid and accelerate your home equity- which can be borrowed against if needed.
#3 – A unique living situations for caregivers
If you are in a position to take care of someone in your family who needs close supervision, but both parties prefer a bit of  privacy and space a duplex is a simple solution.
#4- Future rental options.
After owner occupying your unit for some time you can build equity and when your ready to move to your next property, you’ll have a rental property. By that time you’ll completely understand  running a property and have perspective as both the landlord and tenant.

Winooski is on the move again!

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A new business is coming to the Brooklyn of VT and it sounds delicious! Can’t wait to have a bite. Read more in the  7days article  here.  For some other really cool Winooski info check out our Winooski, VT pinboard. And please let us know if there is something really great you’d like to add.

Winooski has more and more to offer and home and condo prices are pretty nice too. Search ALL Winooski Homes and Condos currently available here.

 

 

 

Buyer Specialist Dave Kleh

FizzDave and his band The Fizz
“Dave Kleh did an exceptional job showing us many houses in many towns. Dave is very knowledgeable about the real estate market and the towns in Chittenden County. We highly recommend Dave to anyone looking to buy or sell a home.”

Brendan & Liz

Buyer Specialist Dave Kleh   has spent his lifetime in and around Burlington. You’ll find friendly and easy to talk to and he approaches Real Estate from a client-centric point of view. He also loves the outdoors and playing music both solo and with his band The Fizz. Dave is always happy to answer any Real Estate questions you may have. Contact Dave Here

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