Hi,
I was just wanting to get everyone's opinions on turning a garage (that's attached to the house) into a self contained studio on one of my IP's? I'm looking to create some more cash flow from this property and the land size (430sqm) is far too small to add a granny flat. Just trying to come up with some solutions. I would add a carport (or area to park) to replace where they once put their car. The property is in a low socio economic area so so my concerns were that there could be some issues with two sets of tennants living on the same small block with a shared wall and driveway.
Any advice would be much appreciated
I was just wanting to get everyone's opinions on turning a garage (that's attached to the house) into a self contained studio on one of my IP's? I'm looking to create some more cash flow from this property and the land size (430sqm) is far too small to add a granny flat. Just trying to come up with some solutions. I would add a carport (or area to park) to replace where they once put their car. The property is in a low socio economic area so so my concerns were that there could be some issues with two sets of tennants living on the same small block with a shared wall and driveway.
Any advice would be much appreciated