Cohousing-L Mailing List: Re: Building in rental capacity

[Brian Bartholomew (bb]

> In design phase it is possible to design a separate space in a unit
> as a future rental apartment

Only if the zoning and building code permits, both now and at
conversion time.  Likely limitations include: minimum dwelling size,
maximum number of dwellings on acreage, maximum number of unrelated
adults in a dwelling, is it a private residence or a group home.  When
you show the stubbed-out plumbing in the building plans, but don't
count those residents in your project's plan, you may have a problem.

Not a prohibition but a hassle: doing the paperwork to be a landlord,
handling the deposit correctly, and doing the paperwork to pay taxes
on the income from a rental.

Can you get construction loans and mortgages for dwellings which in
the future may have a quite unusual configuration of bed/bath/kitchen?

                                                        Brian