One of the most popular solutions to the housing crisis is dual occupancy. This option means that one single plot of land can have two houses built on it. This makes for real savings in space. The only catch is that when people hear the words "dual occupancy", they think of small, crowded duplexes.
However, dual occupancy doesn't only cover duplexes. It also includes dual townhouses, granny flats and even rural housing arrangements with two small yet separate houses on the same lot.
If you're the owner of such a place, renting out or selling your place may take some work, but you'll greatly benefit in the end. For one thing, you'll have two sure fire sources of income, such as double the monthly rent. It could also mean that the owner has two properties to sell. However, most banks or lenders that finance the potential renters or buyers of these properties consider that these dwellings are actually a higher risk than most. This is because there's still a lot of people who think that buying two houses, or one house and half a block of land, is not such a great idea.
The people who generally don't warm up to the idea are older couples or families who want to live at a place long-term, and do not want shared property. However, the people who do warm to the idea are people aged 16 to 24. This group actually places dual occupancy second to the single detached housing as the most popular choice in housing. It's also good to note that the average number of people living in these places come to approximately 2.3 people.
Studies indicate that approximately 17.5 percent of people living in dual occupancy are young couples with dependent children or who don't have any children. These people are either renters or the lucky owners of these abodes. According to studies, whilst the idea of two houses sharing a common wall and a single plot of land makes it seem like the place would be small; it's actually not the case.
Dual occupancy homes these days usually have an average of three to four bedrooms and multiple bathrooms, in addition to the living room, dining room, kitchen or den. It's no wonder this kind of dwelling is becoming more popular than ever.
Find out what benefits you can get from building a dual occupancy housing for your family.
However, dual occupancy doesn't only cover duplexes. It also includes dual townhouses, granny flats and even rural housing arrangements with two small yet separate houses on the same lot.
If you're the owner of such a place, renting out or selling your place may take some work, but you'll greatly benefit in the end. For one thing, you'll have two sure fire sources of income, such as double the monthly rent. It could also mean that the owner has two properties to sell. However, most banks or lenders that finance the potential renters or buyers of these properties consider that these dwellings are actually a higher risk than most. This is because there's still a lot of people who think that buying two houses, or one house and half a block of land, is not such a great idea.
The people who generally don't warm up to the idea are older couples or families who want to live at a place long-term, and do not want shared property. However, the people who do warm to the idea are people aged 16 to 24. This group actually places dual occupancy second to the single detached housing as the most popular choice in housing. It's also good to note that the average number of people living in these places come to approximately 2.3 people.
Studies indicate that approximately 17.5 percent of people living in dual occupancy are young couples with dependent children or who don't have any children. These people are either renters or the lucky owners of these abodes. According to studies, whilst the idea of two houses sharing a common wall and a single plot of land makes it seem like the place would be small; it's actually not the case.
Dual occupancy homes these days usually have an average of three to four bedrooms and multiple bathrooms, in addition to the living room, dining room, kitchen or den. It's no wonder this kind of dwelling is becoming more popular than ever.
Find out what benefits you can get from building a dual occupancy housing for your family.
