[maryanna630]

Is it possible to add on to a designer so that one would have a private entrance to a small studio or suite that could be used for rental income?

[Deseylou]

I'm not flaming
Just wonder why you would want todo that

[Bogie Shooter]

I'm flaming.
That sounds like a boarding house. I would not want it next door.

[maryanna630]

Well, I didn't think this question was so out of line. I guess I am not going to get a non judgemental answer here.

[rubicon]

Originally Posted by maryanna630

Is it possible to add on to a designer so that one would have a private entrance to a small studio or suite that could be used for rental income?

maryanna: I believe it would be in your best interest to determine if the Committee would allow such building.

[Sandtrap328]

Of course you would have to get architectural review approval for the building part of your question. I know of some in The Villages who rent rooms in the houses they live in for extra income.

There are other considerations too. The property tax would increase. You would be required to collect and pay extra taxes on the rental incomes. There is also the extra homeowner insurance cost. Lastly, remember that all tenants are not nice people and they may bring legal baggage you do not want to deal with.

[Ohiogirl]

I'm not sure what "committee" a previous poster is referring to, but you can check the deed restrictions online (districtgovdotorg) (districtgov.org, I think) to see if it is restricted to single family residence. My guess is they cover that and you cannot add-on an additional unit.

I think there are some who have maybe added an in-law suite with maybe an additional doorway out to a patio or lanai, but probably accessible inside thru either a hallway or interior door. But - I don't know this for a fact.

Some people rent their homes during the high season for a month or two if they have somewhere to travel or a place to stay. You cannot make available a resident rental pass (the $50 one with free golf and access to popular activities like exercise classes) if you keep yours, nor can you get a regular guest pass for yourself if you are staying with a friend/relative if you are a resident of Lake, Sumter or Marion counties.

Would likely need to clear out closet and dressers in at least the master bath/bedroom and guest bath and tell the tenant you will have things stored in the other bedroom(s).

Some tenants (those who don't play golf or go to the popular activities) are ok with a regular guest pass, but it should be disclosed up front to the tenant.

[CaptainMorgan]

We added an 18x25 Craft/Art Studio addition with a private entrance to our Lantana last year. We hired a contractor (Corban Construction) to develop our plans and then we had to get plans approved by Architectural Review Committee. That also involved extra approvals for removing a beautiful Live Oak Tree.

The addition is for my wife's hobby. It was not for rental income and we did not include a bathroom to make it a suite. Not sure if that had an impact on the approval.

Ed

[Barefoot]

Originally Posted by maryanna630

Is it possible to add on to a designer so that one would have a private entrance to a small studio or suite that could be used for rental income?

I assume if you want a suite for rental income, it would include an additional kitchenette and bathroom. I doubt the Architectural Review Committee would approve this in an area of single family homes. However there is no harm in checking with the ARC.

[Bogie Shooter]

Originally Posted by Sandtrap328

Of course you would have to get architectural review approval for the building part of your question. I know of some in The Villages who rent rooms in the houses they live in for extra income.

There are other considerations too. The property tax would increase. You would be required to collect and pay extra taxes on the rental incomes. There is also the extra homeowner insurance cost. Lastly, remember that all tenants are not nice people and they may bring legal baggage you do not want to deal with.

Kind of folks that get their names on the "other site".

[maryanna630]

Thanks for the helpful answers. I appreciate it.

No, you would not be allowed to do this. A mother-in-law suite is much different than adding on a unit to be used for rental. After we moved here 7 years ago the lady across the street added on a suite so she could live there & rent out the 3 bedroom ranch house. She got away with this for awhile but someone finally turned her in and now the house is just a rental. Because she added either a refrigerator or a stove, I can't remember which one, this made it a problem.

[nitehawk]

my neighbor owns 3 rental homes. He rents them out to people on section 8, said he is making money and looking to buy more homes

[graciegirl]

Originally Posted by nitehawk

my neighbor owns 3 rental homes. He rents them out to people on section 8, said he is making money and looking to buy more homes

In the Villages?

Do slums cause slummy people or do slummy people cause slums?

A question from some class in high school that still sticks with me.

I frankly moved here because of how clean and neat this place is, due to deed restrictions. We have always chosen a place with deed restrictions and I think it protects your investment and your enjoyment of a community.

I suspect that you post was meant to bring up a social issue, but I am not ashamed of trying to raise our family in areas where crime was not a big factor and I am not ashamed of trying to live in an area where crime is not a big factor.

[Bogie Shooter]

Originally Posted by nitehawk

my neighbor owns 3 rental homes. He rents them out to people on section 8, said he is making money and looking to buy more homes

What is section 8?