Im looking at increasing my returns on rental property by adding a minor dwelling, looking like 150k to pay someone else do it all and a return of 250-325 P/W so conservative 8.5+% return but perhaps 12%+. I have some good contacts in building industry that would save money on construction costs but i would have to pay for plans and have no experience on council consents.
Just wondered where i find basic rules for land requirements, max/min sizes of second dwelling, distance from other building etc . My property's are in papakura, then I can establish feasibility before spending any money
Also wondered if anybody else had done similar projects and how they worked out
Just wondered where i find basic rules for land requirements, max/min sizes of second dwelling, distance from other building etc . My property's are in papakura, then I can establish feasibility before spending any money
Also wondered if anybody else had done similar projects and how they worked out
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