Thought I'd reach out to the brains trust on this:
http://bit.ly/1QNWqCt
It's a small block - 405sqm, so a granny flat won't be possible.
What I'm thinking is I could remove the walls from downstairs (currently a thin veneer of asbestos), put up proper walls, a door and make a bedroom out of it.
It wouldn't be a legal bedroom (due to height) so I'd still have to advertise it out as a 2 bedder. Or I might be able to call it 3, I don't know.
I would then install a carport or sun sail for parking.
I imagine this might cost...20k? My dad is a builder so it'll be much cheaper. If I can boost rental income by say $30pw, it seems like it might be worth it.
What do you guys think?
Ideas to boost rental yield on this property
http://bit.ly/1QNWqCt
It's a small block - 405sqm, so a granny flat won't be possible.
What I'm thinking is I could remove the walls from downstairs (currently a thin veneer of asbestos), put up proper walls, a door and make a bedroom out of it.
It wouldn't be a legal bedroom (due to height) so I'd still have to advertise it out as a 2 bedder. Or I might be able to call it 3, I don't know.
I would then install a carport or sun sail for parking.
I imagine this might cost...20k? My dad is a builder so it'll be much cheaper. If I can boost rental income by say $30pw, it seems like it might be worth it.
What do you guys think?
