I have recently purchased a property in hills area that has 4 bedrooms.
The good thing about this property is that the previous owner has built and approved extension on the house with it's own separate entry from the side of the house a huge bedroom and it's own bathroom and shower plus a rumpus room. Almost like an attached granny flat. So I have 3 bedrooms as a part of the main house and a huge bedroom and a rumpus room at the back as part of this extension plus it's own bathroom and shower.
If I create a wall between the main house and the extension plus putting in a new kitchen, fence off the backyard, redo the plumbing, electricity and change a few other things I can rent it out as two separate places as most of the work is done already. It will be a separate 3 bedder with another one or two bedder (I may split the main bedroom) granny flat style as a separate dwelling.
I brought in an architect who had a look and gave me a few ideas on how to separate the two and get two rents. The house is being settled in the first week of Feb. His suggestion was to do the split properly (ie: fire rated etc) and either dont worry about the council for now OR do it while you are applying through the council and make sure you meet their regulation. So it will then become a matter of paying the application fee.
In the scenario above I will avoid having to rent it initially for the first 6 months and get the approval in the mean time then having to kick that tenant out and do the modifications and rent it out as two.
Council usually takes at least 6 weeks to approve these things and I dont have that long to wait before needing to generate an income out of this.
I have spoken to some people at the council over the phone and the application seems to be simple enough, it is the time issue.
Is there anyone that may have experience doing this so I can better understand it.
The good thing about this property is that the previous owner has built and approved extension on the house with it's own separate entry from the side of the house a huge bedroom and it's own bathroom and shower plus a rumpus room. Almost like an attached granny flat. So I have 3 bedrooms as a part of the main house and a huge bedroom and a rumpus room at the back as part of this extension plus it's own bathroom and shower.
If I create a wall between the main house and the extension plus putting in a new kitchen, fence off the backyard, redo the plumbing, electricity and change a few other things I can rent it out as two separate places as most of the work is done already. It will be a separate 3 bedder with another one or two bedder (I may split the main bedroom) granny flat style as a separate dwelling.
I brought in an architect who had a look and gave me a few ideas on how to separate the two and get two rents. The house is being settled in the first week of Feb. His suggestion was to do the split properly (ie: fire rated etc) and either dont worry about the council for now OR do it while you are applying through the council and make sure you meet their regulation. So it will then become a matter of paying the application fee.
In the scenario above I will avoid having to rent it initially for the first 6 months and get the approval in the mean time then having to kick that tenant out and do the modifications and rent it out as two.
Council usually takes at least 6 weeks to approve these things and I dont have that long to wait before needing to generate an income out of this.
I have spoken to some people at the council over the phone and the application seems to be simple enough, it is the time issue.
Is there anyone that may have experience doing this so I can better understand it.