Dual occupancy homes are quite popular and an excellent choice for seniors living out their golden years. The influx of dual occupancy homes mostly sprouting in suburban communities around Australia’s largest CBDs offers seniors a comfortable and convenient place to call home and there are many great reasons why. Here are just a few:
Manageably Small, But Comfortably Large
Spending your golden years needn’t be a choice between living in a shoebox-sized flat or a massive home that takes ages to keep clean. Dual occupancy homes are a perfect compromise between these two, giving you a reasonably sized property with your own garden and green space but without the largesse of homes that are perhaps better suited for families of four or more.
Indeed, the size of dual occupancy homes is a big selling point for modern living and certainly for seniors with empty nests. Whether you’re living alone or with your spouse, you’ll certainly feel that a dual occupancy home is a great size for 1-2 people and even for guests to come over.
They’re Usually in Ideal Locations for Seniors
The big city life draws in many young working-age people, but the hustle and bustle can be a little too much for years that ought to be relaxing and peaceful. There is the outback for truly adventurous individuals, but those that want more amenities nearby whilst also enjoying some green space will find that dual occupancy homes tend to be most popular in suburbs.
For seniors, this can be a great benefit. You can live just far enough away from the noise and craziness of the city but not so far away from grocery shops, fitness centres, GPs and medical centres, parks, and so on. Moreover, many suburban areas are reasonably safe and quiet, which is increasingly important in recent times.
Live With Loved Ones or Earn Rental Income
Owning a dual occupancy home means by definition having two subdivided properties adjacent to one another. While you can live in one unit, the other unit can be used for housing family members or simply let out to tenants to continue generating some income.
For seniors, living near family may be nice and pleasant for sharing moments together but it may also be essential. Seniors with mobility impairments or medical conditions may greatly benefit from having family members living practically next door.
In terms of rental opportunities, demographic trends are making it quite clear that smaller homes (as compared to, say, the builder generation’s large homes) are going to continue being in high demand. You can certainly attract many prospective tenants and earn some reasonable income by using the other unit as a rental.
Live as Part of a Community
One phenomenon that seniors surely relate to is the increased atomisation of society and, in some cases, alienation of communities. Time has waxed and waned how communities stay together and the bonds have slackened in modernity, but it’s almost always been the case that quieter neighbourhoods with low-density living accommodations tends to attract stronger community bonds than big city living.
For seniors who want to enjoy being part of a community, whether that be their neighbourhood or simply living around friends, dual occupancy homes can be a great alternative.
Trevor Homes
Invest in dual occupancy homes with Trevor Homes.
