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What is a Duplex?

duplex

What Is a Duplex?

A duplex is something of a hidden gem in the investment property world. It can produce strong value growth and healthy rental yields, sometimes at half the price of similarly located detached houses. Duplexes are popular among renters too — according to the National Multifamily Housing Council, around 17 percent of renters live in a duplex, triplex, or quadplex. But what exactly is a duplex property, how does it differ from an apartment or townhouse, and is it all too good to be true? Read our short guide to duplexes to understand everything you need to know about this unique property type and whether it is the best option for you.

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What is an Accessory Dwelling Unit (ADU)?

accessory dwelling unit

A Complete Guide to Accessory Dwelling Units (ADUs)

Accessory dwelling units (ADU) are also commonly known as in-law apartments, granny flats, or in-law suites. You’ll probably come across other names for ADUs such as basement apartments, companion units, guest houses, and pool houses, depending on where you live.

A recent study by NAHB revealed that accessory dwelling units gained a lot of popularity in 2019 compared to the previous year, owing to a growing number of home renovations involving ADU constructions. Moreover, the number of first-time property listings with granny flats has snowballed over the last decade all across the country.

Unfortunately, there is a lot that many homeowners, buyers, sellers, and renters do not know about ADUs. It’s about time you learned all there is to know about accessory dwelling units in Rhode Island — what it means to have one, what it takes to build, and all the legal requirements and processes involved in erecting an ADU structure.

This article takes an in-depth look at ADUs and what you should consider when constructing an additional housing structure on your property. Let’s dive in, starting with the very basics and building up from there.

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10 Mortgage Questions You Should Ask Your Lender

mortgage questions

Purchasing a new home can be overwhelming, especially if it’s your first time. Proper preparation is vital, and this includes asking the right mortgage questions. Given that moving house is consistently ranked as one of the most stressful life events, anything you can do to minimize this stress will make the process run more smoothly.

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How Much Does it Cost to Build a House?

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Building a House – An In-Depth Look Into the Work and Cost It Entails

Given a choice between shopping around for a new home and building a house from scratch, with all things being equal, we’re guessing you’d rather build your house. This is quite understandable since finding a pre-built or existing home that ticks all the boxes in your list of must-haves can be difficult and time-consuming.

In fact, you may find one that looks picture-perfect but is way out of your budget, or a house that looks promising but whose price can balloon far out of proportion when you start computing for remodeling expenses and upgrades.

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How Long Does it Take to Buy a House?

buy a house

Owning a home is one of the most exciting milestones in a person’s life. But, it can take much longer than you might expect to buy a house, and this can derail your plans or have you scrambling for somewhere to stay.

Think of all of the paperwork you fill out and the hoops you jump through before you get your keys. You’ll have to search for a home in a good location that meets your budget, and your new home should have almost everything on your wish list. Of course, you need to meet financial criteria too.

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