Wow! Summer time is HOT! Oh yeah the weather is too! Folks are buying duplexes... I believe one reason for the drive in buying a duplex is that many are retiring and having their family live next door. They see the benefit of having family next door in case they need assistance.
Another draw is the fact that you get two homes for the price of one in most areas. People love great value and low price for high quality it's the American way. Buy low sell high attitude. Many people are finding that the duplex home is right for them because the duplexes we build look and feel like a single family home.
Again the interest rates are beginning to scare some people into moving now into a home. I can remember my dad telling me that interest rates were as high as 13%. I freak out inside when I think about that! So we have been very spoiled with low rates! So when the government begins to chatter about raising interest rates people begin to move quickly.
Duplexes are a great investment and Southwest Floridahas it all... Lehigh Acres Florida is a great place to build your own duplex and live in one half and rent out the other OR you can rent out the entire duplex! Many people are users not as many investors trying to make a quick buck by flipping. This makes for a stronger market and not hyped over pricing.
We are in hurricane season and storms can typically raise construction material prices so it’s a good time to get locked in to your duplex before a hurricane. (No Worries!) Remember the media in my last post?