LogFAQs > #960726112

adjl posted...

Alternatively, sell it as three condos (or a triplex, or whatever you want to call it). That's going to require some regulatory changes, certainly, but the "problem" of so many houses being too large for single families can be solved without permanently keeping them as rental units. It just takes some actual will to do so from the government, who's rather enamoured with all the lobbying money they get from real estate investors and is therefore pretty keen on maintaining the status quo for as long as they can.

Even though I own the property (as long as I pay my taxes, anyway) I can't just build whatever I want. I'd have to look into the building statutes and zoning and everything, as well as submit plans to the town and put in for permits, but I believe in that town I would have to convert that particular building into a two-family condo if I were to go that route, which would require a near-complete remodel. Might be more cost-effective to demo and rebuild honestly. But any major construction would put my tenants out, which is something I wouldn't want to do.

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