Hi everyone,
My wife and I are currently property hunting and, we've been hoping to find a property with separate living space. We're both British and we regularly have family and friends over to visit which is why we'd like somewhere with the additional space. Unfortunately, the reality in our area (Auckland) is that we can only afford this additional space if we rent the space out whenever we don't have anyone visiting.
We recently viewed a property and it had the additional space but the LIM identified that the space was an unconsented conversion from rumpus room to a self contained flat (Granny Flat). The LIM says that the council is aware and has decided to take no further action
The granny flat has 2 bedrooms, a bathroom and a kitchenette. For the purposes of selling the house, the owner has removed the sink from the kitchenette and
We want to do everything above board and legally so my questions are:
The house is currently uninsulated and its something we'd rectify in the coming years but does that mean its illegal to rent it out? Even to flat mates?
Bottom line is that I'm just trying to work out the financial implications if we were to buy this house.
I don't want to break the law but nor do I want to buy a house that's going to require $50k + investment before I can legally rent out the space.
Thanks
My wife and I are currently property hunting and, we've been hoping to find a property with separate living space. We're both British and we regularly have family and friends over to visit which is why we'd like somewhere with the additional space. Unfortunately, the reality in our area (Auckland) is that we can only afford this additional space if we rent the space out whenever we don't have anyone visiting.
We recently viewed a property and it had the additional space but the LIM identified that the space was an unconsented conversion from rumpus room to a self contained flat (Granny Flat). The LIM says that the council is aware and has decided to take no further action
The granny flat has 2 bedrooms, a bathroom and a kitchenette. For the purposes of selling the house, the owner has removed the sink from the kitchenette and
We want to do everything above board and legally so my questions are:
- Are we forced to consider this space a minor dwelling as soon as we put the kitchen sink back in?
- Could I just get the plumbing work consented and then rent out the space as a 'flat' without it being considered a 'minor dwelling'? The tenants would need to be happy with the fact that it would still have a stairwell to the main house.
- Can we rent out the bedrooms individually to 'flat mates'?
The house is currently uninsulated and its something we'd rectify in the coming years but does that mean its illegal to rent it out? Even to flat mates?
Bottom line is that I'm just trying to work out the financial implications if we were to buy this house.
I don't want to break the law but nor do I want to buy a house that's going to require $50k + investment before I can legally rent out the space.
Thanks
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