Essential Tips for Renting a Duplex Property

Duplex homes are a great choice for families, typically offering two or three bedrooms with a shared wall and a separate backyard. However, before committing to a rental, there are important factors to consider that differ from other residential options.

Key considerations include:

Strategic Location: Whether renting in a city center or suburban area, proximity to work and schools is crucial. Location impacts daily commute times and convenience. Additionally, duplexes are often part of community developments with specific rules. Ensure you understand community regulations, especially regarding subletting or additional use.

Renting Out an Extra Unit: Many duplex renters may plan to occupy one side and rent out the other. Confirm with the community management that subleasing is permitted. Renting out the additional unit can generate income, aiding your financial stability. It can also be useful for accommodating family members needing ongoing care, especially when living nearby simplifies management.

Owning a duplex with an additional rental unit offers flexibility and potential benefits. Costs vary based on location and community amenities, but the opportunity to supplement your income or assist loved ones makes duplex living attractive.