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Updated 9 months ago,
Littleton basement rental house hack
Hi all,
I am currently under contract on a 4 bed 3 bath SFH in the Littleton area (Bowles and Wadsworth to be exact). There are 2 beds/2 baths/1 living room upstairs, and 2 beds/2 bath/1 living room down stairs in the fully finished basement with a separate walkout entrance. I plan to rent out the basement but have a couple of questions as this is my first house/house hack:
-Littleton rental law considerations (this might fall under JeffCo rather than city of Littleton, can't really tell)
-Thoughts on best lease strategy for that area (STR/MTR/LTR)? Thinking STR may be good given proximity to Red Rocks, although not sure of STR laws per above?
-Thinking about the long term, if I were to move out could I turn it into a duplex and rent out upstairs and basement separately? FYI, the house is in a PD (planned development) district
-Regarding homeowners insurance - do I need a special policy or add on to standard policy? Should I tell my insurance that I'm renting out basement?
-220v oven in basement or just a 110v cooktop?
Thanks all for your help!