Multi-gen Family Living: An Affordable Housing Solution To Todays Rising Costs of Living and Housing.
“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.