Multi-Gen Family Living
“Multigenerational living provides an affordable alternative to traditional housing arrangements, allowing families to pool resources and share expenses. Overall, multi-gen homes offer a variety of benefits for families, including shared expenses, emotional support, and a sense of security and stability. Family members can live on the same property but have more privacy and individual personal freedom rather than living in the same house together”.
A duplex can be a very smart investment choice. A duplex property may seem more expensive up-front but over time they can be paid off quicker than a single-family home.
They are affordable since you purchase two properties under a single payment. Another bonus is that there is only one loan to manage, unlike if you bought two single-family properties.