- Joined
- Oct 7, 2007
- Messages
- 699
In tight times, many homeowners want — or need — an extra source of income. An idea that often gets floated is building and renting out an apartment in the house to help pay the mortgage or make ends meet.
The first problem with this plan is that these apartments are usually illegal, and that’s never a good idea. The second is that, since they aren’t legal, they won’t have permits, and won’t be inspected. And, since a good contractor won’t get involved in building an illegal apartment, they often end up being DIY projects. All of that can add up to disaster.
http://www.canada.com/news/Think+twice+bef...0474/story.html
The first problem with this plan is that these apartments are usually illegal, and that’s never a good idea. The second is that, since they aren’t legal, they won’t have permits, and won’t be inspected. And, since a good contractor won’t get involved in building an illegal apartment, they often end up being DIY projects. All of that can add up to disaster.
http://www.canada.com/news/Think+twice+bef...0474/story.html