Why Savvy People are Building Two-Family Homes

If you are thinking of having a new modular home built, have you considered a two-family home? There are many reasons why this is a popular option.

Why Two-family homes?

Live in one; rent the other.

This strategy not only gives you a beautifully designed new home but also an opportunity to make money. How much income could you receive from a monthly rental payment? Some homeowners make enough to pay most or all of their mortgage. Since you will be so close to your rental property, you will be able to keep the investment in excellent condition. Depending on the community, your property could be a vacation rental rented out on a week-to-week basis.

A step up from a mother-in-law suite.

If your parents are aging, but aren’t quite ready to share your home, a two-family house allows them to be close, while still maintaining privacy and independence. The same can be true for grown children living at home.

Off-site landlord.

Many families are looking for rental homes since qualifying for a mortgage is more difficult than in years past. If you are happy living in your current home but are looking to build an investment property, a two-family floor plan can give you more opportunity for income than building a single home.

We have many floor plans with two units. This is smart investing.

For savvy people looking for a multi-family property, Connecticut Valley Homes feature many floor plans. As always, Connecticut Valley Homes specializes in custom floor plans. But if you are looking for ideas from a readily available plan, take a peek at one of these:

The Sussex has two units, each with three bedrooms on the second floor. All bedrooms have walk-in closets. The generous-sized living room is open to the spacious kitchen.
The Culpepper: All of our multi-family plans have been designed for both the investor and owner-occupant. Each plan contains the features both renters and owner-occupants are looking for such as low maintenance, sound control, easy to work in kitchens, adequate storage, open floor plans, and most importantly pricing that helps put together a financially viable project. Each plan can be modified based on owner requirements and budget.
Try the Albermarle 1 if you want a plan that looks like a single-family home. Each unit has 820 square feet with two large bedrooms. This floor plan has one shared front door for a traditional look from the outside. Inside the front door, there is a separate entrance for each unit.
Are you in the market for a two-family home? Contact Connecticut Valley Homes today to brainstorm together about what a two-family home can look like for you.