I am basically the sole earner, want monthly support, in the long term it should pay off (according to the financial advisor), of course you also have to be lucky with tenants, I get better conditions because of it.
We had also thought, if the children want quite a bit once they come of age and still want to stay with us, then each can take an apartment. Otherwise, I will move with my wife into one of the smaller apartments above and rent out the lower apartment, which would then be too big for us.
Regarding the bathroom: hard to say, how else could it be done:
- 1 room less (if the attic is going to be converted anyway) ??
- we don’t spend that much time in the bathroom at the moment, of course that might still change with the children :)
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yes, an architect was involved :-(, but that’s why I wanted to inquire again, of course I will bring this up again.
thanks in advance
You are the sole earner and initially increase the debt by 250k to 300k, the monthly burden, the risk.
What do you do if a tenant does not pay? You always have that risk.
You almost need reserves from the start. Tenants do not always treat other people’s property with care.
On Sundays you get calls "toilet clogged." You are the janitor.
You ruin the benefits of owning your own home.
No undisturbed time in the garden
Noise from your tenants
Tenants complain because your kids are noisy
Later, when others think of age-appropriate living, you want to move upstairs.
Where should the trash bins for 3 units go? Parking spaces are also needed.
Is there no storage room and laundry room for the tenants?
Almost every rental apartment has a storage room outside the apartment.