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Updated almost 8 years ago on . Most recent reply

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Jim Sestito
  • Investor
  • Cambridge, MA
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Living in The Basement and Proud

Jim Sestito
  • Investor
  • Cambridge, MA
Posted

OK BPers

Current situation - Personally need a new place to live - Want to keep house hacking (own one 2-Fam which I currently house hack) - Not having great luck on the MF market in my neck of Massachusetts - Seeing potential good deals on SFH

Looking into buying a SFH with a basement / garage / shed Anything that I can turn into an In-Law and live in said in-law while renting the main unit.

In the short term the large SFH would drive a higher rent than most MF units would rent for. In long term (when I move out) I feel the in law would both add value to houses value or increase rent if kept as rental.

My ask if has anyone done this as a house hack?  Success and failures? - Headaches and triumphs?!

- I am in my late 20's single - and have no shame in living in a freshly renovated in-law apt!

Thanks in advance guys - Jim

Most Popular Reply

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Mike Cumbie
  • REALTOR®
  • Brockport, NY
4,459
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Mike Cumbie
  • REALTOR®
  • Brockport, NY
ModeratorReplied

Hi @Jim Sestito,

One thing to keep in mind is that depending on the zoning you may need to have it adjusted for an in-law. If that is the case it may involve an engineer and board meetings etc. It's not often as simple as just building a little apartment into a garage (especially when you go to sell after).

Good Luck!

  • Mike Cumbie

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