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apartment above garage for rent

by Malcolm Hintz Published 4 years ago Updated 3 years ago

Where can I find affordable apartments for rent?

How do I apply for a Housing Choice voucher?

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Can you own a garage and an apartment with garage?

Only one property at a time, so you can have an apartment (and it's included garage) or a garage by itself, but not both at once. Unfortunately not possible to have 2 properties. 50% of the value of the old properties will go to your purchase of the new one.

How to get the perfect apartments for rent?

How to get the perfect apartments for rent? Save money. You can save money yourself when looking for good apartments for rent and affordable place to live in, plus there is a possibility to easily ...

What is an apartment above a garage called?

A garage apartment is an apartment built within the walls of, or on top of, the garage of a house.

Is a garage apartment safe?

A garage apartment is as safe to live in as any other apartment as long as it gets built to code. Fire and building codes exist for good reason. Garage apartments often get added to an already existing garage that was not originally designed as a living space.

Is building a garage apartment a good investment?

According to the data provided by Remodeling magazine, building a new garage has an ROI of approximately 64.8%. This return-on-investment is one of the best you'll find when it comes to additions to your home.

How big is a garage apartment?

They can range from just one vehicle stall to three or more. Garage apartment floor plans range in size and layout, and typically feature a kitchen area, a living space and one or more bedrooms. Some may be two levels with the unfinished garage area on the first level and the living space located above.

How much does it cost to build a garage with an apartment on top?

Garage With Apartment Cost For an average 400 square foot garage, an apartment costs between $60,000 and $70,000 to add fully finished. Your return of investment could improve if you build a detached garage with a loft above it and use it as a rental unit.

Can I put a room above my garage?

No Footprint – Unlike an extension, adding space above a garage allows you to maintain the existing use of your yard space. This is ideal if you have a relatively small yard or you live in an urbanized area.

Can I get a mortgage on a garage?

It's possible to get a mortgage for an expensive garage in a key location if you're already financially stable and you have a cast-iron credit record, but it might be difficult. According to Melanie Bien of Savills Private Finance, “Mainstream lenders would say 'no'.

Does a garage increase home value?

A New Garage Means Increased Home Value While that's a solid sum of money, when you consider that a garage will bump up the value of your home, it makes financial sense. You'll see plenty of your investment back when you sell your home. You might even recoup the entire investment or more.

How can I make money with my garage?

8 Ways to Make Money From Your GarageRent it out as parking.Renting it out as storage space.Turn your hobby into a side business.Rent it out as a content studio.Rent out your tools.Convert into an in-law unit.Start crafting.Turn it into an at-home office space.

How tall is a garage with living space above?

As a general rule, an 18-in. dimension above the head of the garage-door opening and below the finished ceiling accommodates a standard overhead track and garage-door opener while ensuring full clearance when the overhead door is open.

How cheap can you build a apartment garage?

The easiest way to keep costs low on your garage apartment is to stick to as open a floor plan as possible. Studio apartments can contain the same amenities as a one or two-bedroom without the additional walls. Keeping the kitchen, bedroom, and dining area connected also allows more light to filter through the space.

How many square feet is a 2 car garage?

How Many Square Feet is In a 2 Car Garage? The average sized 2 car garage's square footage usually ranges from 400 (20×20), 576(24×24), and 720 (24×30) square feet.

What is garage apartment?

A garage apartment is exactly what it sounds like — a garage that's been converted into a living space. Such apartments can be in a free-standing garage on a residential property or in the garage space connected to the main house.

How many square feet are in a 10 car garage?

Some are one-car, 300-square-foot apartments, while others may be larger — even nine- or 10-car garages that are more than 2,000 square feet that have been turned into living spaces.

Do garage apartments decrease home value?

In fact, they could possibly decrease home value for the homeowner in the long run. Instead, most were created simply to offset the cost of a homeowner's mortgage. Because of this, rental rates for garage apartments will likely remain within reason for your given market.

Do landlords update their apartments?

While some landlords do have updated areas with everything a normal apartment would have, many don't. To add a dishwasher or washer and dryer hookups requires re-routing water pipes. Directing air conditioning and heating to a garage means adding more ducts.

Can you turn a garage into a living quarter?

In reality, most people use their garage for its intended purpose and few people convert them into living quarters. When people do turn their garage into rental space, the apartments are rented out quickly as people are waiting and watching to jump on one that's available.

Is a garage an income generating space?

One tactic that many homeowners are implementing is the conversion of garage space into an income-generating apartment. It's a mutually-beneficial solution — homeowners are able to offset some of their mortgage costs and renters have an affordable garage apartment to stay.

1. Garage apartments may be more affordable

It's no secret rent is increasing across the country. In fact, according to a 2021 Apartment Guide report, average rent prices have increased in more than half of all U.S. cities. Renting a garage apartment, though, is generally less expensive than traditional apartments.

2. Garage apartments may vary in size

According to the U.S. Census 2020 Characteristics of New Housing, the median size of multifamily units built for rent in 2020 was 1,075 square feet. A garage apartment, though, could be less than half that size.

3. Garage apartments may not come fully equipped

When looking for an apartment, you expect them to have a full kitchen, bathroom, bedroom and living area. With a garage apartment, though, the kitchen may not have a refrigerator, dishwasher or stove. Also, you may not have a bedroom.

5. Garage apartments may not have much parking

At apartment communities, renters usually have at least one guaranteed parking spot. That often isn't the case with a garage apartment.

6. Garage apartments may not have any amenities

Apartment communities often come with a range of amenities such as a fitness center, swimming pool, tennis courts, laundry center and more. Unless the garage apartment is in a subdivision that offers these same amenities, you'll have to skip them. Even with these amenities, you might not have access to them because you are not the property owner.

7. Garage apartments may offer better locations

It's not uncommon for apartment communities to pop up in high-traffic areas of town surrounded by retail, restaurants and busy streets. Many people thrive in these environments, but if you want something quieter, renting a garage apartment could be a great option.

8. Garage apartments may take longer for repairs

When living in an apartment community, if you experience a problem such as a damaged window or a leaky faucet, a call to the property manager usually results in a prompt repair. When renting a garage apartment, you may not receive the same level of response if you have a trouble spot in need of attention.

How far is one bedroom garage from University of Houston?

One bedroom garage apartment! is within 6 minutes or 2.3 miles from University of Houston, Downtown. It is also near University of St Thomas and Houston Community College. Colleges. Drive.

Is Greater Heights a residential area?

The Greater Heights area of Houston comprises a large, mostly- residential neighborhood just minutes northwest of Downtown. The upscale homes and close proximity to the city center (plus easy access to three major interstate highways) make this a highly desirable location for commuters seeking the tranquility of the suburbs without sacrificing convenience.

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