Is Rental Conversion Worth It?
We’re about to buy a brownstone. Small side, but still much more room than we’re used to. It’s always been a one family. As we crunch the budget we realize most of the perks of discretionary income will go away. We’ve briefly touched on the possibility of renting the first floor (nicest floor/but most feasible), at least for awhile– but with insurance jump, c of o change, adding in kitchen and backyard stairs to upper floor, separating doors– seems like the costs will go near 30K just for set up– our current landlord says it’s very difficult to make money on rentals in today’s climate. Interested to hear other takes—
