BENEFITS OF BUILDING A DUAL LIVING HOME | BELLRIVER HOMES
August 10, 2017
Making dual living work for you
For a large number of people, the cost of living in some areas is making it difficult to get into the housing market. Some analysts predict that entire generations of Australian families may never be able to afford to buy their own homes.
So a growing number of Australians are exploring new ways to live and getting creative with their choice of home and it’s called Dual Living. This is a whole new level of the granny flat, essentially designing a purpose built dual living home – two separate homes each with it’s own entrance and facilities but, unlike a granny flat, you’re not building a separate structure which can save you money on construction costs and time.
Dual living offers families increased flexibility as the family grows and dynamics change, and eventually, it can offer a rental income stream that can help you pay off your home even faster.
With so many young adults now staying at home for longer it’s also an attractive option for gaining some more privacy for both the parents and the children and can still bring in an income by charging some reasonable amount of rent.
Bellriver Homes have developed a range of dual living designs that are perfect for properties where granny flats are not an option or for those who are looking to bring in another stream of income that can help offset the rising costs of living as well as helping you pay off their mortgage.
These homes are also a brilliant option for investment properties where more renters mean more dollars.