If you’re interested in buying a Duplex, what are the upsides and downsides? The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know on average living in one side of a duplex (while renting out the other side) is more affordable than living in a single family home with the same bedrooms, bathrooms and living space. Unlike with a single-family residence, with a duplex you can deduct certain home expenses for maintenance and yardwork because it’s an income property. That can make upkeep easier to afford. Just to be sure, check with a tax pro before you make an offer on a particular property, because specifics always vary. But on the downside, anything that breaks, the way the yard looks, utility issues—you have to take care of it all. Being a landlord may not be easy. Also, if the rental market is soft, it can take time to find ideal tenants. If you don’t have renters lined up, you’ll have to make the entire mortgage payment yourself. Check out below to see what sold in Briarwood in October 2016:
24564 Bramblewood, Novi: 4 bedrooms, 2.1 bathrooms, 2,304 sq. feet, 2 car garage, Sold Price: $345,000
Briarwood Home Sold
October 2016
If your family includes someone who is elderly, has special needs, or is just starting a new career, he or she can stay in the other half of the unit. The family member can maintain a degree of independence while not going too far from the nest. For more information on Briarwood, or similar Northville or Novi neighborhoods such as Abbey Knoll, Jamestowne Green and Lakes of Northville, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.