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Old 02-12-2008, 11:20 AM
 
16,092 posts, read 36,589,085 times
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Has anyone thought of doing this?

I have a house with a "servant's" quarters in the back yard. It's a completely separate house (about 850 square feet, bedroom, bath, living, kitchen) on a corner with a completely private entrance.

I would rent out the main house and my utilities would be covered by the renters (I plan to be gone quite a bit - I have a lake cabin and a sister with empty 'quarters' in a resort area in SoCal, plus the rent will give me a substantial travel budget). I could afford a large home and all that stuff, but...

I don't care if people are impressed with my abode and the older I get (turning 50) the better it sounds...
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Old 02-12-2008, 12:00 PM
 
Location: Knoxville, TN
2,172 posts, read 6,889,274 times
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Sounds like a plan. It would be a good idea to check with a tax accountant to see what the tax implications are of turning a primary residence into rental and see if there are any negatives there.
If you're traveling, it's silly to leave a big house empty.
Just make sure you have a really good lease drawn up spelling out that the tenant pays utilities for both residences. They may not be happy about the increase in their bill when you're home.
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Old 02-12-2008, 01:32 PM
 
Location: DC Area, for now
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And make sure having a rental or 2 abodes on the property is allowed by the zoning or other rules of the jurisdiction.
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Old 02-12-2008, 04:04 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,628 posts, read 39,998,659 times
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good idea,

That's what I plan to do, but with farms where I will keep an apartment in a shop building. Hope to have 3 across US so Ii can hop between them and avoid rotten weather, and be there for harvest to help out (sometimes mutually exclusive) .... earn my keep, cover my share of utilities.

You can often be a "boarder", if zoning doesn't allow two residences. Usually it just means removing the kitchen range, but micro, toaster, and roaster can stay We've always built that capability into the homes we've done.

Living for free... (or at very low costs) that's a good objective for longevity
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