Dual
OCCUPANCY
Dual occupancy homes, also known as duplexes or dual living arrangements, serve several purposes and offer various benefits:
Overall, dual occupancy homes offer a range of benefits, including financial advantages, flexibility, and potential for investment and community development. They can be a practical solution to housing challenges in various contexts, from urban infill projects to suburban developments.
1. Affordability
Dual occupancy homes can provide an affordable housing option, allowing two households to share the cost of land and construction. This can be particularly beneficial in expensive urban areas where housing costs are high.
2. Increased Rental Income
For property investors, dual occupancy homes offer the opportunity to generate higher rental income compared to single-family homes. With two separate dwellings on one property, landlords can rent out both units, effectively doubling their rental income potential.
3. Space Efficiency
Dual occupancy homes maximize the use of available space on a single lot. By building two dwellings on the same land, homeowners can make efficient use of valuable urban or suburban land.
