Updated over 8 years ago on . Most recent reply
Build a Duplex or Townhouse?
I am looking into the possibility of building a duplex. I will be house hacking for a few years and will eventually move out and keep it as a buy and hold investment property. After speaking to a family friend that is a realtor he mentioned that I may consider building a townhouse instead, since they will be two separate addresses and each would have their own water/sewer which will drive down expenses. This would cost about $5K more, but it is something that would pay for itself since I plan on holding onto the property for many years. The only potential downside I can see is the structure of the homeowners insurance policy. Will a separate policy with the townhouse offset the benefit of having it's own meter or would the insurance be similar to a duplex, making the townhouse option more advantageous? Thank you for your insight!