What should I know before adding an addition to my home?

What should I know before adding an addition to my home?

But before you start adding an addition to your home, here are a few things to keep in mind: Make sure to consult with a builder before starting your project. Check on your local zoning ordinances and building codes. Take your blueprints and plans to the county assessor. Once you’ve completed the additions, report them to the county assessor.

Can a rental property be used for personal use?

Rental Property / Personal Use. You or any other person who has an interest in it, unless you rent your interest to another owner as his or her main home and the other owner pays a fair rental price under a shared equity financing agreement A member of your family or of a family of any other person who has an interest in it,…

Can a modular addition be added to a single story home?

A modular addition is a pre-fabricated room that can be added onto the exterior of the house to create a second story, and they’re popular home expansion projects for single-story buildings like ranch homes.

How can I add extra square footage to my home?

Creating a bonus room or apartment over a garage is a great way to add extra square footage without turning your home into a mess. With the foundation of the garage already in place, all you need are walls and a roof. Once it’s finished, you can rent it out or use it as a guest bedroom.

Are there any homes that are built for rent?

Petroulakis said that NexMetro has had some prospective residents come and mention that they need a residence to live in while their long-term home is being constructed, “and sometimes that home that is being constructed is one they are planning to RENT!”

Who are the companies building homes for rent?

Lennar Homes, JMC Homes, AHV Communities, and Camillo Properties are also building thousands of homes for rent in various places nationwide. Tenants at these kinds of developments span professional millennials, move-up families/”life transition” (i.e., divorce), and empty-nesters.

Who are the renters in new apartment developments?

Tenants at these kinds of developments span professional millennials, move-up families/”life transition” (i.e., divorce), and empty-nesters. Most renters are younger households tired of apartments but not ready or able to buy a home.