Home Buying in 21401>Question Details

Andrew, Home Buyer in 21401

what is typically the difference in resale value between a standalone house and a duplex?

Asked by Andrew, 21401 Sat Apr 17, 2010

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Irina Karan’s answer
Single family home will have a better resale value if put in the same locality as the duplex.
However, a lesser price duplex might attract more buyers (lower price range = more buyers).

Single family home has no neighbors - and privacy is appreciated by buyers.
It has a back/side/front yard - with no one telling you to match your flowers to the siding color, and
kids/dogs can run everywhere.
There is no "discussion" of when to change the roof or siding, or porch (if shared).
Your neighbor won't start defaulting on his mortgage - putting you in an unpleasant situation.
Sudden low resale of your neighbor won't decrease your property value.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
0 votes Thank Flag Link Thu Jul 25, 2013
That is going to vary greatly based on lot size, location and condition. There is no general rule of thumb on the price variance. If you have questions on a specific neighborhood I would be happy to answer them for you.
0 votes Thank Flag Link Mon Jun 14, 2010
Often, a duplex will sell for less. Partly, it's because you're sharing a wall with another home (kind of like a townhouse). So, sometimes there's less privacy, and sometimes less yard. But it'll really vary.

In the Fairfax, Virginia, for instance, there's an area of 3/1.5 duplexes that sell, more or less, for $190,000-$230,000. You could go less than a mile away and find some single family homes, also 3/1.5 or so, same approximate age, selling for $100,000 more.

Again, that variation really depends on your locality and other factors. But you get the idea.

Hope that helps.
0 votes Thank Flag Link Sat Apr 17, 2010
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
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