Duplex Homes from Sterling Edmonton
Whether it’s your first home or you’re looking to move up into something a little roomier, duplexes are an excellent choice for Edmontonians of all ages and lifestyles. A duplex is one unit with two adjoining residences. Duplexes have gained popularity among both homeowners and renters alike for the simple reason that they offer the elevated aesthetic and comfort value of a large, detached home … at a reasonable cost! Sterling homes offers a variety of duplex models and always has quick possession duplexes available.
Is a Duplex Right For You?
If you thought duplexes were an outdated home concept, think again! A lot has changed about duplexes in the last decade or so when you weren’t looking.
Sterling Homes’ modern duplexes possess the look and feel of large conventional detached homes. Look more closely and you’ll find that they boast the latest in both home styles and features. Plus they come with additional space in the form of basement suites and large outdoor yard spaces, both of which traditional single-family homes do not always have.
Design Style, Layout, and Features
Another important fact: Duplexes, also known as side-by-side duplexes, these days are built in an adjacent or side-by-side manner, as opposed to the old duplex homes that were stacked, one on top of the other or in an up-and-down fashion. The advantage? It’s like having two separate two-story homes so each resident on either side enjoys a full-sized home with its own private front entryway. That’s right, contemporary side-by-side duplexes come with entryways on the left as well as right. Plus, the layout is designed such that there is a living area on the main floor in an open-concept style and bedrooms on the second floor. In addition, they’re equipped with a master suite and second-floor laundry as well as an attached garage and a backyard area where you can entertain and host dinners or simply relax with your family.
In terms of features, duplexes are stocked with the latest decorating elements and state-of-the-art conveniences. From quartz countertops to vinyl plank flooring, you can rest assured that the most exquisite design features and elements are incorporated into our new duplexes.
Compared to a single family home, a side-by-side duplex costs considerably less. To top it all, in many instances, families find that it offers much the same amount or even more space than other housing options. So building a duplex translates to cost effectiveness and more space – a rare combination.
Furthermore, as explained above, Sterling Homes’ Edmonton side-by-side duplexes comprise additional features like a spacious backyard and basement, which single-family townhomes do not always provide.
Potential for Multiple Income Streams
Looking to create an opportunity for an additional source(s) of income? Buy or build a duplex home in Edmonton with double units and rent the other unit – as simple as that! Sterling Homes’ new side-by-side duplex home builds in Edmonton feature basements that can be converted into a suite and rented out too – think of our duplexes as multi family homes in Edmonton.
Double units with a basement can earn as many as four streams of rent if you rent the basement suite too. Considering that duplexes are priced at an affordable rate compared to other types of homes, the initial cost should be no deterrent. It’s especially relevant for homeowners who plan to live in the to-be purchased property, as they typically qualify for a lower down payment.
For young families who’re just starting out or retirees with low monthly cash flows, earning rental income on a part of the home is a practical and convenient option. Given that you’ll be residing in the other unit you can address issues in a timely manner should they arise and even inspect the property on a regular basis. More importantly, in the event of emergencies, the close proximity will allow you to act promptly, if need be, giving you complete peace of mind.
Moreover, you can use the rental amount to make your mortgage payments. And not to mention, such an arrangement would offer you the joy of living in a duplex while leveraging its double unit plan to earn extra bucks. Sound like a win- win? It sure is!
Build Duplex Homes in Edmonton with Sterling Homes
With seven decades of experience building exceptional quality homes, Sterling Homes offers an unparalleled level of expertise in terms of design and construction. Furthermore, with an aim to provide affordably priced homes with no compromise, we’re committed to constructing homes of extraordinary quality and value, with the best and most energy-efficient raw materials and cutting-edge technology.
Are you ready to enjoy modern living while doubling or tripling your income? Sterling Homes – the finest duplex home builders in Edmonton – presents new duplexes for sale. To learn more, click on the new duplex home builders in Edmonton shown above!
About Sterling Homes
At Sterling Homes, our mission is to provide the opportunity for affordable homeownership without compromise. Over the last 70 years, Sterling Edmonton has quickly become one of Edmonton’s most popular builders. We bring more than seven decades worth of exceptional customer service, superior design and unparalleled craftsmanship to the greater Edmonton area. As a member of the Qualico Group, Sterling Homes focuses on greater Edmonton’s finest family communities, while being able to offer some of the region’s most family friendly prices thanks to volume purchasing power for materials, trades and land. This has not only made Sterling one of Edmonton’s bestselling, move-up builders, but also one of the industry’s most respected home providers. It is through our uncompromising commitment to our customers that we proudly deliver the Sterling Advantage – that’s why each and every home we build includes a 10-year home warranty, a completion guarantee and new home warranty excellence rating. Our Advantage is our pledge that, when you build your dream home with Sterling, we will deliver a timely, well-built home you’re sure to enjoy for years to come. Ready to get in touch? Call us at 780-800-7594 or book an appointment for a show home tour.
Duplex as an Investment Property
With the rising cost of real estate all over Edmonton, a side by side duplex for sale can be an ideal first home or a nice investment property. Duplexes are great because you can buy both adjoining units and live in one while renting out the other.
Not only is a duplex a great investment for homeowners and landlords, but a duplex has a number of advantages over a single family home, which means that you should be looking at Edmonton side by side duplexes if you want your money to go a little bit farther.
Duplexes Are Affordable
Investing in a side-by-side duplex for sale in Edmonton means that you can buy both sides of a duplex and rent one side out while you live in the other side. Because side by side duplexes for sale in Edmonton tend to be located in more affordable neighborhoods and you can rent out the other side, duplexes are much more affordable than single-family homes that may be well out of your budget. The best thing about owning a duplex is that after a few years, you can take the equity that you’ve built up and use it to upgrade to a larger home, or you could even try renting out both sides to help cover a mortgage somewhere else.
Duplexes give you a lot of flexibility and control when it comes to your living situation, and all the money you save can go right back into your bank account while you save up for something else. You’ll also likely be bringing in rental income, so that means even less of a burden each and every month.
Rent to a Family Member
If you have a close-by family member in the area, there’s nothing like letting them ditch that claustrophobic apartment for the other half of your side-by-side duplex. Having a family member next door is ideal if you ever need an impromptu babysitter, and it’s also great to have them close so that you get privacy when you need it but it’s always easy to visit when you have a few minutes.
If your family member needs assistance from day to day, a side-by-side duplex for sale in Edmonton could be the perfect solution to those awkward and stuffy nursing homes. Having a family member next door is also ideal for those family gatherings as you can open up both sides to everyone.
You’ll Get Tax Benefits
While you can only write off the property tax, school tax, and mortgage interest on one side of a duplex if you’re renting the other side out, you can, however, write off renovations, repairs and any other improvements you make to the rental side, in addition to any fees and management costs associated with owning the property. Better yet, if you share anything with your tenant such as internet, electricity or water, you can write those off, too.
Start Being a Landlord
By investing in a side-by-side duplex for sale in Edmonton, you can get started being a landlord without having to constantly worry about a remote property. Since your tenants are next door, you can easily stay on top of any repairs or issues with your tenants, and to act fast if you see any red flags. Once you’re ready, you can then move out of the other side and get another set of tenants for even more assistance on your mortgages. With any luck, you’ll have your entire mortgage paid for and then some, which is why a duplex is a great way to get started as a landlord.
Duplexes Are Great Vacation Rentals
Since you’re right next door, a side-by-side duplex for sale in Edmonton is a good way to try out the whole vacation rental thing. Believe it or not, but you’ll be able to make more per month by renting out a day or two here and there than you would be able to get if you rented out the entire place for the month. You’ll also be able to command more with a duplex than you would with a room in your home or an apartment because of the shared amenities and features.
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