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Living in Chandler, AZ, is a dream for a lot of people. Individuals with a variety of lifestyles find a sense of belonging in this vibrant city. Chandler, AZ is a hub for technology and innovation located in the Metropolitan Phoenix area. Still, it also embodies the ideal environment for outdoor enthusiasts, families, retirees, and tourists. Hit the green on world-class golf courses, grab a bite to eat at an award-winning restaurant, go for a hike in the sunshine, or take the family to one of the many parks for a picnic. There are plenty of job opportunities and a diverse real estate market, making it poised for growth.
For more information on multi-family homes and real estate for sale in Chandler, AZ, schedule a showing, call us today, or send us an email.
A duplex is a multi-family home style that contains two units that are separate in one building. These types of multi-family homes often look like townhomes, but they are specifically only two units.
While duplexes are not the most popular housing style in Chandler, AZ there are plenty of options for interested buyers. Prices typically range from $350,000 to $600,000 for duplexes in a variety of desirable communities.
When it comes to choosing your Chandler, AZ community, there aren’t too many bad options. The entire city is full of beautiful communities that are close to exceptional amenities and highways for quick access to everything Chandler, AZ offers. When house hunting for a duplex, buyers will likely be looking in Galveston, Silk Stocking, and the Downtown communities.
Purchasing a duplex in Chandler, AZ can be a sound investment decision for a variety of reasons. Even if you are looking for a duplex for personal reasons and not becoming a landlord, it can still be a substantial addition to your investment portfolio. When searching for your next home, if you have the extra funds to put into a multi-family home or property, you should consider the benefits. If you are in the market for a duplex to rent out both suites, it’s an excellent real estate investment that could generate a lot of profit for you. If you want to live in one of the suites, it allows you to qualify for better financing options to save a lot of money in the long run. Suppose you have personal reasons for purchasing a duplex, like taking care of a sick family member or want a separate suite for your kids in post-secondary. In that case, it’s an excellent option to maintain privacy but still living next door. Regardless of your reasons for considering the purchase of a duplex, there are plenty of benefits to doing so. If you’re looking for a home in Chandler, AZ, attend an open house for a duplex and see how you feel.
Choosing your new duplex is the exciting and fun part of the house hunting experience. Still, it’s important to be equally as excited about the financing options available. If you are an avid saver and you have the money to avoid financing, you don’t have to worry about mortgages. However, suppose you’re in the majority of buyers that rely on financing to purchase their homes. In that case, it’s essential to know what options are available because there are plenty beyond a traditional mortgage.
Suppose you plan on living in the duplex while renting out the other unit. In that case, you may qualify for an owner-occupier mortgage. The FHA offers a loan that offers plenty of benefits to buyers. The Federal Housing Administration loan allows for buyers to put down a smaller amount of money, have lower interest rates, and the requirements aren’t as strict. You must live in one of the units to qualify for this option.
If you don’t plan on living in one of the two units, and you want to rent out both sides, you will need to apply for a traditional mortgage through your bank. A rental property is a higher risk for banks, so the qualifications for approval are stricter. You will need a larger down payment, receive typical interest rates, and will need to have an excellent credit score. You can use the rental income generated from the property towards getting approval for the loan.
Lastly, if you happen to be a former or current member of the U.S. military, the VA offers an excellent option that allows military personnel to become homeowners without many restrictions. The Veterans Affairs loan doesn’t require a down payment, offers excellent interest rates, and has fewer approval requirements. You must live in one of the two units when purchasing a multi-family home, but this incredible option makes becoming a homeowner much easier than the traditional route.
Working with a professional team of experts in multi-family properties is key to having a seamless experience while receiving the best financing for you.
If you would prefer to look for a fourplex in Chandler, AZ, click here for more information.
Interested in a duplex in Phoenix instead? Check them out here
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GetMultiFamily.com is a new and innovative service that allows Chandler, AZ, residents to buy or sell multi-family homes without the hassle and seamlessly. We have an incredible list of clients who are thrilled with our service and the experience they had with us. We specialize in duplexes, triplexes, fourplexes, and other multi-family homes or properties. We appreciate every client, so we always recommend The Cap Core Real Estate Group to work with them throughout every real estate transaction. The Cap Core team is ready and willing to take on new clients and provide them with an unmatched service level. The former real estate advisor of U-Haul, Patrick O’Sullivan, launched the team, and his excellent work ethic has proven to be a key motivator for the team. Patrick has been awarded the Agent of the Year and the CCIM (Certified Commercial Member Investment) designation. Chandler, AZ, clients have been thrilled with the expertise and advice they have received while working with the Cap Core team.
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