If you own an old home that was converted to a duplex and can’t afford to restore or rehab the building, consider converting the duplex back to a single family residence. My own home was converted into a duplex in the 1930s. When we purchased the home, it appraised for $122,000. By taking out a kitchen and opening up a doorway between the two parts of the house, it was re-appraised for $155,000, almost instant equity in the home to use for renovation/restoration projects.
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