Starting to look at potentially buying a place in the Heights area. Came across several listings that have garage apartments. Was not something I was initially looking for, but I'm pretty intrigued by the concept. Would be great to have a portion of the mortgage paid for by a renter.
There are obvious drawbacks. Having someone (hopefully we could find a friend of a friend) live in your backyard, extra maintenance, managing it, etc., but I think it may be worth the headache? Realtor said they go for $900 - $1,300 / month depending on location and condition. That's not an insignificant amount of money..
Any thoughts or experiences with garage apartments would be greatly appreciated. Few examples of current listings below for reference.
1. https://www.har.com/homedetail/606b-e-24th-st-houston-tx-77008/14121276
2. https://www.har.com/homedetail/627-peddie-st-houston-tx-77008/9957115
There are obvious drawbacks. Having someone (hopefully we could find a friend of a friend) live in your backyard, extra maintenance, managing it, etc., but I think it may be worth the headache? Realtor said they go for $900 - $1,300 / month depending on location and condition. That's not an insignificant amount of money..
Any thoughts or experiences with garage apartments would be greatly appreciated. Few examples of current listings below for reference.
1. https://www.har.com/homedetail/606b-e-24th-st-houston-tx-77008/14121276
2. https://www.har.com/homedetail/627-peddie-st-houston-tx-77008/9957115