Our Argenta Craftsman Home is an urban essay that chronicles our home improvement projects and property value improvement strategy; Maintenance and management of our largest investment.
Thursday, October 21, 2010
MONTHLY INCOME POTENTIAL
The proximity of the property to Main Street makes it an excellent candidate for the addition of an apartment which would be rented out for monthly income. The house was split into two apartments in its former life. We would construct a garage with an apartment above. According to current rental rates this apartment would rent for around $650 per month. The rent could go higher if we built a three car garage with one space reserved for the apartment.
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