Is it worth putting in a 2nd bathroom in an IP?
I have an I.P in an area where there is chronic shortage of rentals and Im getting top rent atm. Its a 3 b/r 1 bathroom house
Im going to replace an old garage and have to submit a DA. It cant be done as a 'complying development' bc of the location in town. Thus, I am thinking that if I have to do a DA that maybe I should include the development for a 2nd bathroom as well.
The existing tenants might not be so happy if this is done during their tenancy. I could wait up to 5 yrs to complete the work.
I purchased the house very cheap 14 yrs ago and my rental yield is high. The question is will I ever get the money back from the rent in the long term. Should I bother? Will it add to the sale price?
thanks for your opinion on this
I have an I.P in an area where there is chronic shortage of rentals and Im getting top rent atm. Its a 3 b/r 1 bathroom house
Im going to replace an old garage and have to submit a DA. It cant be done as a 'complying development' bc of the location in town. Thus, I am thinking that if I have to do a DA that maybe I should include the development for a 2nd bathroom as well.
The existing tenants might not be so happy if this is done during their tenancy. I could wait up to 5 yrs to complete the work.
I purchased the house very cheap 14 yrs ago and my rental yield is high. The question is will I ever get the money back from the rent in the long term. Should I bother? Will it add to the sale price?
thanks for your opinion on this