There is a famous saying “Home is where the heart is”. Houses can be flats, independent bungalows or affordable duplex houses. Flats are either in high rise buildings or can be of some few floors. The advantage of having a duplex home is that one can stay in one accommodation and rent out the other one, there is a single floor with two houses and a dependent person can stay at the same place. There is also utilization of space as in the case of two floors. People who have pets normally prefer to have duplex houses as one can be used for these pets.
The architecture of the duplex could be traditional or in European style. The European ones are made of stone and have steep roof tops and the roofs come close to the windows while the traditional ones are made of wood or bricks and are simple. In the European style, the beams are made of wood, floors are of stone and walls have plaster. Traditional architectural designs have fireplaces, doors with panels and entry from hall. Affordable duplex house is can be based on the architecture of your choice.
Steps Followed by Builder:
The builders study the designs, finalize a design that is suitable, carry out evaluation of sites to ascertain that it can be constructed within the specified cost of land, finalize a plan or proposal, select all furnishings including colors and periodically inspect the project online.
Factors That Determine Cost of a Duplex House:
The factors that determine the cost of affordable duplex house are architectural design, façade, the size and width of one block and the materials used for roof and floor. Making smart homes, paneling, the number of rooms and beams are all determining factors.
The statistics show that affordable cost per square meter but if you are specific for a better quality. However, the costs increase or decrease based on the market conditions as well as the current situation of real estate. Normally the areas which are close to suburbs or cities having employment opportunities are more expensive than the rest as the demand in those areas is higher. One can buy an affordable duplex house based on the city as well as locality.
Sources of Funds:
Normally a salaried person buys an affordable duplex house with loan. Up to 95% of the loan can be sanctioned by banks provided the credit history is good to ensure timely repayment of the loan. There is some interest also associated with the principal and it is calculated based on number of years for mortgaging the property. The other criteria that favor loan sanction for the buyers are a good source of income, a stable employment in a stable company, a good credit score, some savings of the individual, lesser debts and favorable asset position. All these factors ensure that repayment shall be done and there is no risk involved in providing high loan. In worst case scenario the asset is taken away by the lender if the loaner is unable to pay back the loan.
Duplex houses are lucrative and offer a source of income by either renting it out or selling off a unit. They are also spacious and designed to utilize the space or area in the best possible manner. Everyone aspires to build a home and a middle-class salaried person can always buy a duplex with proper planning. One can also buy an affordable duplex house away from the main city. There are outer suburbs which might require daily travel but they offer good houses at an affordable cost. “A man travels the world over in search of what he needs and returns home to find it” is true for every individual at the end of the day.