Hi Investors,
My name is John and a newbie of the forums, in this season I wish you all sound and safe.
I plan to purchase rental property in South Auckland which has a double garage that convert to a 2 Bedroom sleepout or minor dwelling for extra cash flow. This is my first time to do so that your knowledge going to be very helpful here.
1. What the different between self contained sleepout and minor dwelling? Is there any advantage one over the other in the matters of return to investment?
2. Generally how long does it take to finish a 2 bedroom project with building start to finish and get council approved.
3. What's the estimate cost for project?
4. What's the step I will follow and anything that need to be careful of?
Thank you all in advance for your input.
My name is John and a newbie of the forums, in this season I wish you all sound and safe.
I plan to purchase rental property in South Auckland which has a double garage that convert to a 2 Bedroom sleepout or minor dwelling for extra cash flow. This is my first time to do so that your knowledge going to be very helpful here.
1. What the different between self contained sleepout and minor dwelling? Is there any advantage one over the other in the matters of return to investment?
2. Generally how long does it take to finish a 2 bedroom project with building start to finish and get council approved.
3. What's the estimate cost for project?
4. What's the step I will follow and anything that need to be careful of?
Thank you all in advance for your input.