All Topics / Help Needed! / Renting upstairs & living downstairs

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  • Profile photo of gurjjeetgurjjeet
    Participant
    @gurjjeet
    Join Date: 2010
    Post Count: 18

    Hi
    I am looking at buying a queenslander in far north Queensland.
    This house in built upstairs & downstairs both. But downstairs is not legal height(just 4 inches short of legal).

    This is primarily an Investment but as I cannot rent the downstairs out. I was looking at my options.

    1. Rent upstairs & live downstairs.
    But can I do that considering not legal height.

    2. Rent it out as storage space.
    Which is not in very much in demand right now.

    SO my primary question is can I live there downstairs & rent upstairs.

    Profile photo of god_of_moneygod_of_money
    Participant
    @god_of_money
    Join Date: 2008
    Post Count: 970

    It must be garage that converted into rooms?
    Council approved for the renovation?

    Profile photo of gurjjeetgurjjeet
    Participant
    @gurjjeet
    Join Date: 2010
    Post Count: 18

    No it is not garage, but it actually could be a non-habitat area( I do not have a search result as it takes more than 2 weeks) But it is common to have a non-habitat area(such as kitchen, bathroom, storage etc.) being used as bed rooms in our area.

    In this case I assume this is the only possible scenario.

    It is commercial zoned area, so I am looking to buy & hold untill the market here starts going up & then construct some offices by raising the house. but untill then I wanna make use of the area & looking at renting my own apartment out & moving into the ground floor of this house & saving on rent.

    comments on……..llegal, council, insurance & tax complications are welcome.

    Profile photo of god_of_moneygod_of_money
    Participant
    @god_of_money
    Join Date: 2008
    Post Count: 970

    How r u going to raise the house?
    Is this a double brick.. or just weatherboard house?

Viewing 4 posts - 1 through 4 (of 4 total)

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