Today, one of the biggest questions facing us when it comes to newly built homes is where we wish to stay in retirement. For anyone in Sydney, one of the main questions you need to answer resides around where you wish to live – do you want to stay in your current area?
If that is the case, then, you might wish to consider going ahead with duplex designs. These are incredibly popular for those reaching retirement age today. Why? Because they allow you to build a better equity process. With this, you can turn your single-occupancy home into a dual-occupancy home, and thus you now technically have two assets as opposed to one. You could then rent out or sell the second unit, and use that income to supplement your retirement.
For many seniors, having a home that is simply too large in retirement can become an expensive burden. That is why downsizing to a custom home design made with duplex designs in mind is a very wise idea. You can stay in the same neighbourhood as you are in today. At the same time, though, you get to stay in your own home by simply adjusting the parameters.
Now, you can enjoy a practical solution that allows you to stay where you are without having to worry about extensive living costs, or having simply too much room for you to live in comfortably. If you are in the process of trying to make your living conditions feel a bit more suitable to your current situation, then you should definitely look at hiring dual occupancy builders.
They can transform your home into a solution that allows for you to enjoy home ownership in a way that is simply more suited to your later lifestyle.
Make room for the family
By the same token, we all know that it can be hard for the younger generation to get on the property ladder in an upmarket urban city like Sydney. As such, you could turn your home into a dual occupancy facility and rent out the second half of your property to a loved one or family member. This means you can have more privacy, you can enjoy the aspect of living nearby the people you love, and you can all share the financial load by having a much cheaper living expense.
This gives you a chance to stay closest to the people that you love whilst making sure there is always the opportunity for people to have their own space. If they wish to throw a party, they can do so while giving you no more disturbance than you would get from any other neighbour.
In short, investing in duplex homes in Sydney is a wise choice for any senior looking for a change. It can help you to reduce your living costs, but it can also play an essential role in helping you to share the load financially with those you love most as you head into your golden years and retirement.
