Hey you guys, Carter here with CB Home Solutions... Are you considering buying a duplex in the Appleton WI area? Do you want to live Downtown or on the out skirts of the city? In this article I will go over the need to know information so you can find your next house!
What Style Duplex Fits Your Needs?
Are you looking to stay on the cheaper or more expensive side of things. One thing I know forsure is that an upper/lower duplex will be significantly cheaper then a side by side. Upper/lower duplexes are more common in the downtown area as they are an older style duplex & very rarely built nowadays.
In most situations, the side-by-side duplexes are more expensive and they’re more popular. This is because you won't have neighbors running above you & hearing footsteps at all hours of the day. People will pay a premium for quality housing.
College Campus or Normal Neighborhood?
Then, one thing I would say to watch out for, things that you need to be aware of prior to buying a duplex, and finding one in the best place in Appleton. Do you want to be close to campus? So, there’s Lawrence University in Appleton, which is a private university. The average rents are college campuses are higher just based on the fact that there could be more damage from the tenant base. Most college rentals are re-leased every year causing high turnover expenses.
With most college rentals I would recommend have 2x the security deposit and having parents co-sign on the lease. Most parents want their children living in nice quality housing so they don't have a problem doing this.
With most college rentals I would recommend have 2x the security deposit and having parents co-sign on the lease. Most parents want their children living in nice quality housing so they don't have a problem doing this.
What Style Duplex is More Expensive?
Like I had mentioned previously, the side-by-side duplexes are more expensive than an upper lower. People will always pay a premium for a higher quality house & that is present in the side by side duplexes. I personally own a more expensive side by side.
Do You Want to Drive Past the Duplex Everyday?
Are you the type of person that needs to have a pulse on what's going on everyday. Well, if you are then I would recommend buying as close as possible to your current residence.
What is the Better Investment Vehicle?
It depends if you're looking for immediate cash flow or long term appreciation. Most upper lower duplexes cash flow very well, but the long term appreciation is much less. It is totally up to you to decide, & the best part.... you can have both!
You can call me on my cell or text me, (920) 252-2864, if you have questions on where to buy a duplex in the Appleton WI area.
https://federalstudentloancontactinformationd.blogspot.com/2017/10/can-i-buy-duplex-with-fha-loan.html?showComment=1610579857759#c4484316036853207631
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