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Updated about 2 years ago on . Most recent reply

User Stats

142
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25
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Phil C.
  • Accountant
  • MN
25
Votes |
142
Posts

Should I build a Tiny Home on my Personal Property

Phil C.
  • Accountant
  • MN
Posted

I am considering building a Supplemental Living Unit on my 10 acre property. I live on this property in a "normie" house. But I have a lot of extra land with some fun features like an fruit tree orchard and forest. I have never done STR before so I was thinking this would be a good way to dip my toes in. It would be eaiser to manage since I would be living 300 ft away, I could add equity to my current property, and I could depreciate my supplemental building.

Specifically I was looking at something like....https://denoutdoors.com/collec...   I really like the look and would hire a local buidler. 

Any thoughts, potential pitfalls, or advice for someone who has never done something liek this before.


  

Most Popular Reply

User Stats

2,251
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1,655
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
1,655
Votes |
2,251
Posts
Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

If you're going to build it properly with a foundation I would get it fully permitted and OKed by the city because it will become an asset when you sell your home. If you're looking for a temporary build, it would be easier to do an airstreamer style and just flop it into the parcel and you have limited lead time to start and also resale that trailer in the future. 

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