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How Would you decide on a rent amount for a duplex in your city?
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[QUOTE="Jasz, post: 279767, member: 61772"] [FONT=Tahoma]It's a personal decision. I have lived in my own duplex for over 10 years and I don't think there is a correct answer to this question. If you're thinking about buying a duplex, then you should do your research first and see what others are paying for their duplexes. If you're renting a duplex, then it's up to you to decide what rent amount is fair for your situation. You can use data from Craigslist ads or look at other properties in your area that are renting out their space. However, the first thing you need to do is decide how much space you want each person in your household to have. Once you've decided on the amount of space per person, divide that number by two. That's the square footage for each unit. You'll also need to figure out how many people will be living in each unit. For example, if there are two bedrooms in each unit and two adults live in one unit and one adult lives in the other, then you'll need two bedrooms per unit (or 2 × 1 = 2). Once you've figured these numbers out, multiply them together and add an extra 10% to cover taxes and insurance costs. This will give you a total rent amount for both units of your duplex apartment building.[/FONT] [/QUOTE]
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How Would you decide on a rent amount for a duplex in your city?
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