If you’re looking for a duplex for sale in Silicon Valley, you probably already know that it’s a big investment – but it’s one that can really pay off in the long run. This guide covers five essential tips for helping you find a duplex in Silicon Valley that helps you meet your goals.

5 Tips for Finding the Perfect Duplex in Silicon Valley

Check out these five tips to help you find a duplex that carries you toward your investment goals:

  1. Work with an experienced multifamily property agent
  2. Don’t let cosmetic issues get in the way
  3. Remember that foundation problems (and other big issues) should be dealbreakers
  4. Consider location and what’s up-and-coming in the area
  5. Decide whether you could live in one side and rent out the other

Here’s a closer look at each.

Tip #1 for Finding a Good Duplex for an Investment: Work With an Experienced Multifamily Property Agent

If you’re going to buy a duplex in Silicon Valley, it’s worth your while to find an experienced agent who specializes in multifamily properties. Your agent will understand the local market and what kinds of properties are currently for sale – as well as which ones may be a good, solid investment for you based on your goals. They can also help you find financing options and navigate the often-complex process of buying a property with multiple units.

Related: How to find good contractors to work on a flip

Tip #2 for Buying a Duplex in Silicon Valley: Don’t Let Cosmetic Issues Get in the Way

One of the great things about duplexes is that they offer you the potential to generate rental income – but only if they’re in good condition and appealing to tenants. That’s why it’s important not to get too caught up in cosmetic issues when you’re looking at properties. Sure, a fresh coat of paint and new carpet would be nice – but those things are relatively easy and inexpensive to take care of yourself. The important thing is to make sure the property is structurally sound and in good condition overall.

Related: How to automate your rental property business

Tip #3 for Searching for a Duplex in Silicon Valley: Remember That Foundation Problems (and Other Big Issues) Should Be Dealbreakers

While you don’t want to get too hung up on cosmetic issues, there are some things that are simply dealbreakers – and foundation problems are one of them. If a property has foundation issues, it’s going to be a money pit – so walk away and find something else. The same goes for any other major issues, like a roof that needs to be replaced or serious water damage.

Related: https://www.propertiesinsiliconvalley.com/is-it-better-to-rent-a-property-long-term-or-use-it-as-an-airbnb/https://www.propertiesinsiliconvalley.com/is-it-better-to-rent-a-property-long-term-or-use-it-as-an-airbnb/

Tip #4 for Buying a Duplex in Silicon Valley: Consider Location and What’s Up-And-Coming in the Area

When you’re looking at duplexes (or any other type of investment property), location is always going to be important. In Silicon Valley, you’ll want to look for a property that’s in a good location – and it’s also worth considering what’s up-and-coming in the area. If there are new businesses or developments planned, that can mean an increase in rental prices – which is good news for you as an investor.

Tip #5 for Searching for a Duplex in Silicon Valley: Decide Whether You Could Live in One Side and Rent Out the Other

Another thing to consider when you’re looking at duplexes is whether you could live in one side and rent out the other. This can be a great way to offset your mortgage costs – and it can also give you a chance to get to know your tenants and keep an eye on your property. (And if you don’t want to manage the property from next door, don’t worry – you can always hire a property manager.)

Related: 5 reasons you should always vet your tenants

Are You Buying or Selling a Duplex, Triplex or Fourplex in Silicon Valley?

If you’re selling a duplex, triplex or fourplex in Campbell, Cambrian Park, Los Gatos, San Jose, Santa Clara, Saratoga, Willow Glen or another community in Silicon Valley, we’re here to help. Call today or fill out the form below to find out about our innovative marketing plans that can put your investment property in front of all the right buyers.

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