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January 26, 2009 at 10:07 AM #336622January 26, 2009 at 8:33 PM #336739NotCrankyParticipant
In the city you also have the option of finding a property zoned Multi-family. The density in the area is likely to be pretty high. I haven’t made a thorough survey of where they all are, but I know some still aren’t completely built out.
I am currently building what the County of San Diego calls a “secondary dwelling unit”. Either my main house or the smaller one can be rented as long as the owner lives in one of them. I had to record a statement saying that I would comply and it applies to future owners. It can be up to 30% of the size of the “primary dwelling” or 50% with an expensive and certain to be problematic variance process. The maximum under any situation is 1200 sqft. My lot is big, so the ground water restrictions had the potential to be most limiting factor.
Properties where this can be done are in the rural and semi-rural areas that fall under County of San Diego administrative authority.In case anyone doesn’t already know, second houses , even legal rentals, don’t normally increase equity much so this probably shouldn’t be a motivating factor to build one. It could easily end up being a break even project, or worse.
January 26, 2009 at 8:33 PM #337068NotCrankyParticipantIn the city you also have the option of finding a property zoned Multi-family. The density in the area is likely to be pretty high. I haven’t made a thorough survey of where they all are, but I know some still aren’t completely built out.
I am currently building what the County of San Diego calls a “secondary dwelling unit”. Either my main house or the smaller one can be rented as long as the owner lives in one of them. I had to record a statement saying that I would comply and it applies to future owners. It can be up to 30% of the size of the “primary dwelling” or 50% with an expensive and certain to be problematic variance process. The maximum under any situation is 1200 sqft. My lot is big, so the ground water restrictions had the potential to be most limiting factor.
Properties where this can be done are in the rural and semi-rural areas that fall under County of San Diego administrative authority.In case anyone doesn’t already know, second houses , even legal rentals, don’t normally increase equity much so this probably shouldn’t be a motivating factor to build one. It could easily end up being a break even project, or worse.
January 26, 2009 at 8:33 PM #337157NotCrankyParticipantIn the city you also have the option of finding a property zoned Multi-family. The density in the area is likely to be pretty high. I haven’t made a thorough survey of where they all are, but I know some still aren’t completely built out.
I am currently building what the County of San Diego calls a “secondary dwelling unit”. Either my main house or the smaller one can be rented as long as the owner lives in one of them. I had to record a statement saying that I would comply and it applies to future owners. It can be up to 30% of the size of the “primary dwelling” or 50% with an expensive and certain to be problematic variance process. The maximum under any situation is 1200 sqft. My lot is big, so the ground water restrictions had the potential to be most limiting factor.
Properties where this can be done are in the rural and semi-rural areas that fall under County of San Diego administrative authority.In case anyone doesn’t already know, second houses , even legal rentals, don’t normally increase equity much so this probably shouldn’t be a motivating factor to build one. It could easily end up being a break even project, or worse.
January 26, 2009 at 8:33 PM #337184NotCrankyParticipantIn the city you also have the option of finding a property zoned Multi-family. The density in the area is likely to be pretty high. I haven’t made a thorough survey of where they all are, but I know some still aren’t completely built out.
I am currently building what the County of San Diego calls a “secondary dwelling unit”. Either my main house or the smaller one can be rented as long as the owner lives in one of them. I had to record a statement saying that I would comply and it applies to future owners. It can be up to 30% of the size of the “primary dwelling” or 50% with an expensive and certain to be problematic variance process. The maximum under any situation is 1200 sqft. My lot is big, so the ground water restrictions had the potential to be most limiting factor.
Properties where this can be done are in the rural and semi-rural areas that fall under County of San Diego administrative authority.In case anyone doesn’t already know, second houses , even legal rentals, don’t normally increase equity much so this probably shouldn’t be a motivating factor to build one. It could easily end up being a break even project, or worse.
January 26, 2009 at 8:33 PM #337272NotCrankyParticipantIn the city you also have the option of finding a property zoned Multi-family. The density in the area is likely to be pretty high. I haven’t made a thorough survey of where they all are, but I know some still aren’t completely built out.
I am currently building what the County of San Diego calls a “secondary dwelling unit”. Either my main house or the smaller one can be rented as long as the owner lives in one of them. I had to record a statement saying that I would comply and it applies to future owners. It can be up to 30% of the size of the “primary dwelling” or 50% with an expensive and certain to be problematic variance process. The maximum under any situation is 1200 sqft. My lot is big, so the ground water restrictions had the potential to be most limiting factor.
Properties where this can be done are in the rural and semi-rural areas that fall under County of San Diego administrative authority.In case anyone doesn’t already know, second houses , even legal rentals, don’t normally increase equity much so this probably shouldn’t be a motivating factor to build one. It could easily end up being a break even project, or worse.
January 27, 2009 at 7:24 AM #336922UCGalParticipant[quote=Russell]In case anyone doesn’t already know, second houses , even legal rentals, don’t normally increase equity much so this probably shouldn’t be a motivating factor to build one. It could easily end up being a break even project, or worse.
[/quote]That is ABSOLUTELY correct. It is not a good idea for an investment. We did it because it was the appropriate solution for our family needs with aging parents. Our granny flat is being used for a granny and grandpa.
However, we figure this is cheaper than 3-4 years in an assisted living home. And my in-laws quality of life is much higher than that setting.
January 27, 2009 at 7:24 AM #337250UCGalParticipant[quote=Russell]In case anyone doesn’t already know, second houses , even legal rentals, don’t normally increase equity much so this probably shouldn’t be a motivating factor to build one. It could easily end up being a break even project, or worse.
[/quote]That is ABSOLUTELY correct. It is not a good idea for an investment. We did it because it was the appropriate solution for our family needs with aging parents. Our granny flat is being used for a granny and grandpa.
However, we figure this is cheaper than 3-4 years in an assisted living home. And my in-laws quality of life is much higher than that setting.
January 27, 2009 at 7:24 AM #337339UCGalParticipant[quote=Russell]In case anyone doesn’t already know, second houses , even legal rentals, don’t normally increase equity much so this probably shouldn’t be a motivating factor to build one. It could easily end up being a break even project, or worse.
[/quote]That is ABSOLUTELY correct. It is not a good idea for an investment. We did it because it was the appropriate solution for our family needs with aging parents. Our granny flat is being used for a granny and grandpa.
However, we figure this is cheaper than 3-4 years in an assisted living home. And my in-laws quality of life is much higher than that setting.
January 27, 2009 at 7:24 AM #337366UCGalParticipant[quote=Russell]In case anyone doesn’t already know, second houses , even legal rentals, don’t normally increase equity much so this probably shouldn’t be a motivating factor to build one. It could easily end up being a break even project, or worse.
[/quote]That is ABSOLUTELY correct. It is not a good idea for an investment. We did it because it was the appropriate solution for our family needs with aging parents. Our granny flat is being used for a granny and grandpa.
However, we figure this is cheaper than 3-4 years in an assisted living home. And my in-laws quality of life is much higher than that setting.
January 27, 2009 at 7:24 AM #337456UCGalParticipant[quote=Russell]In case anyone doesn’t already know, second houses , even legal rentals, don’t normally increase equity much so this probably shouldn’t be a motivating factor to build one. It could easily end up being a break even project, or worse.
[/quote]That is ABSOLUTELY correct. It is not a good idea for an investment. We did it because it was the appropriate solution for our family needs with aging parents. Our granny flat is being used for a granny and grandpa.
However, we figure this is cheaper than 3-4 years in an assisted living home. And my in-laws quality of life is much higher than that setting.
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