Why Calgary Infills Make Great Investment Properties
Calgary is undoubtedly an important city in Alberta. Calgary’s location and average salaries have contributed to making the city become a magnet for businesses and people looking for employment opportunities. Furthermore, in 2017 Calgary was ranked the fifth most livable city in the world according to The Economist's Global Liveability Report for 2017. The city also has still plenty of areas to be developed and plenty of communities in which to build new infill homes.
Calgary Infill Homes Great Investment Properties
Investing in Calgary infill homes can be an excellent investment choice, as they are thought as a good option to solve people's needs to move to the city choice, and they can represent a high and fast return on investment. But what is an infill home and how can an infill home be an investment property?
Importance of Location for an Infill Custom Home
Infill homes are built in areas of the city that are already established, are surrounded by amenities and entertainment options usually more than compared to new developments, and provide school options for your kids. In Calgary, infills are built in existing communities located in the inner-city. Their proximity to Calgary's downtown provides plenty of benefits such as being closer to work which reduces commuting times, having access to public transportation, and quick acces to walking paths and green spaces. All of these features make infill homes interesting to homebuyers that are looking for modern, spacious and comfortable homes with excellent locations.
Within Calgary’s inner-city, many of Sunset Homes homeowners and investors are attracted to communities such as Hillhurst and West Hillhurst, Bridgeland, Crescent Heights, Killarney, Marda Loop, Parkdale, Inglewood, and Richmond.
Calgary infill homes are built in current inner city lots to replace single homes, thus maximizing the use of the land. Depending on the lot size, there are different kinds of infills that can be built in Calgary’s inner city. At the point of deciding on the right lot for you, it is worth getting the guidance of a professional Calgary Custom Home Builder regarding zoning and restrictions to determine the kind of infill you would like to build.
Different Types of Calgary Infills
Usually, homeowners think that infill homes are small properties. Nonetheless, there are many floorplan choices available that maximize all spaces for your new Calgary inner city home. To accommodate a rapidly growing urban population, the city of Calgary has relaxed the housing rules to allow the construction of infill homes in underutilized areas inside the city. Calgary home builders are seizing the opportunity to build infill homes, especially duplex, triplex, and fourplex homes in the lands available to them. On their part, homebuyers and investors have been opting to invest in infill homes like because of their money-making potential. Multi-family homes can be more accessible to finance than a single-family or detached home, and can also generate cash flow.
Duplex or Semi-detached Custom Homes
A duplex is a house with two separate units inside it. From the outside, it looks like a single-family home. But on closer look, each unit has its own front door, backdoor, and patio. The two units may be separated by either a wall or a floor. There are three duplex designs. The first is a one-story duplex with each unit occupying one half of the building; the second is a two-story duplex with one unit on each floor, and the third is a two-story duplex with each two-story unit occupying one half of the building. Living in custom duplex homes can provide many advantages, check them our in our article Advantages and Disadvantages of Living in Semi-Detached Homes in Calgary.
Attached Custom Homes
Infills that share more than a wall with their adjoining neighbours are called attached homes. They are also part of the multi-family housing classification. Attached homes can be designed to have three four or more units. They are very attractive for young people or homebuyers ready to buy their first home. Among the different multi-family options duplex and fourplex homes have gained a lot of popularity in the last couple of years as investment properties.
A Calgary infill fourplex is a house with four separate units inside it. Like the duplex, its outward appearance is that of a single home, but each unit is a complete living space. There are three fourplex designs. The first is a one-story fourplex with each unit occupying a quarter of the building; the second is a four-story fourplex with a unit on each floor; and the third is a four-story fourplex with two two-story units on the ground floor (and first floor) and two two-story units on the second floor (and third floor).
The primary reason duplex and fourplex homes have become so attractive are that you get two or four living spaces for the price of one. This makes it better than buying a single family home or a condo if you’re interested in an investment property. Another reason is their location in the inner city where opportunities for business and employment are plentiful, which makes them much sought after by tenants. Because duplexes and fourplexes provide privacy as well as offering the opportunity to socialize with neighbours, they are popular with homeowners and tenants of every age group and social background.
Duplex and fourplex homes in Calgary are great investment properties not only because of rental opportunities but also because of the rapid appreciation in value. At the rate home prices are rising in Calgary, you can make a huge return on your investment in just a year. In a rapidly expanding city like Calgary, you will never languish for want of a buyer willing to pay your asking price. So, it is worth considering investing your money in Calgary infills today. Check out more in our article Advantages and Disadvantages of Living in Attached Homes in Calgary.
Planning your Investment home with your custom builder
There are a wide selection of custom home builders in Calgary, nevertheless, if you decide to build a custom infill homes in Calgary, consider selecting an experienced builder that can guide you through the building process, provides you with realistic and clear schedules and budget for your project and can also ensure the quality of your building materials to enhance your home value.
Ready to build your custom infill home? Contact us today! At Sunset Homes, as Calgary inner city home builders, we can prepare a free estimate for your custom home building project, we will provide more information about our process and custom homes in Calgary to make your custom home build easy.
Too Long Didn’t Read (TLDR)
Calgary Infills are a great option for investors, the most popular kind of infill custom homes among homebuyers and investors are duplex and fourplex homes and choosing an experienced Calgary inner city home builder with known quality and craftsmanship will have a positive impact on your custom infill home.