Turning a single family into a multi-family.

Phoenix, AZ · Member since 2021 · 1 post · 1 vote

I’m looking to house hack my first property. I was wondering if anybody has experience turning an older home into a multifamily? What’s the process like?

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Andrew PostellPro Member
Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
2y
@Ricky Barela the process to convert any property will be challenging if it's the first property you ever rehab. You don't HAVE to know these things...but knowing what the multifamily comps are for your neighborhood reflect in value, how much it would cost to convert the property, what the city/county allows for your zoning, and your loan qualifications would significantly help your chances of success here.
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Preston DeanBusiness Member
Realtor · Fort Worth, TX · Member since 2021 · 779 posts · 368 votes
2y
Quote from @Ricky Barela:

I’m looking to house hack my first property. I was wondering if anybody has experience turning an older home into a multifamily? What’s the process like?

Hey Ricky,
Most likely this is going to be a long arduous process. Since your current place is zoned for SFR you would have to apply for a zoning variance.
I pulled this from google:
What is an example of a zoning variance?

Examples of zoning variances

Engaging in construction or some other alteration so that the building or property qualifies for a new zoning classification, like modifying a single-family home to be a duplex. Intent to change the use of an existing property or building, like turning a house into an antiques store.
google zoning variance and start doing some research.
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Daniel McDonald
Real Estate Agent · Beverly, MA · Member since 2019 · 358 posts · 308 votes
2y
I agree with the above. I am currently working with my mom to add an in-law suite to her existing single family and it's a ton of moving parts. Something I wouldn't necessarily want to dive into if I was newer. It will without a doubt be costly but i'd be more nervous about permits. Every town is so different and it can actually take years to clear things. So if I were to start I'd first contact local builders and pick their brains on what's realistic. Because what someone did in a different town won't necessarily apply to your situation. All starts with conversations!
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