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I have $150,000 and live in the Seattle area. Should I purchase land and build a simple house? Is that a good idea?

No. Take it from someone who just did this in the Seattle Area. In 2006, my wife and I were thrilled to buy a lot in Lake Forest Park. 2 acres for only 175K! 15 minutes from downtown seattle, centrally located in the northend. Jackpot! We sold our house in Snohomish and then paid cash for the land. Now all we had to do was get an architect, get some permits, and then build, easy peasy, amiright?Not so fast. First…there’s the studies….$7500 for a wetland delineation survey (I actually ended up doing 2, because the first wetland company was too conservative and recommended a suspension bridge for my driveway so I wouldn’t drive over wetlands. Pro Tip: Don’t use any of the companies the city recommends, they will usually be too conservative. My second wetland company was sourced by the consultant I hired after I had screwed up several times).$2500 for a Boundary survey$6500 for a geotechnical surveyThe reason the land was still available was because there was wetland and steep slope. So, now we had to get a Reasonable Economic Use Exception. In the state of Washington, if you own a piece of property that is zoned residential, you are by law allowed to put a single family home on it. But…that doesn’t mean that you can just do that. The County and City can lay all the restrictions it wants on you based on environmental concerns, local ordinances, etc. That cost me $3500 for the application, and I also had to engage a consultant to usher our project through the process at $8000, because I watched a neighbor try to do it on his own and he blew $40000 because he didn’t know what he was doing, best 8K I spent on the project.Then, there are the improvements.Need electrical? $5000 to stub out service. Need Water? $5000 per line, which I needed two of because the City of LFP required that I put in a fire suppression system, just ’cause (it’s not part of the code, but they required it to sign off on my plans).Architect? If you know what you want and just need someone to draft something code compliant, you are looking at probably $10,000. Add in another $5000 for engineering. Add $5000 for contingencies once the city has their planner and engineer putting their fingers in the pie.Now, we are into the project $175K for the land, and $65K just to get the project shovel ready.Next construction. You are living in fantasy land if you think you can build for 100–150K. We put up a modest house with 2100 square feet. Not too small, but not huge. It’s 3 bedroom, 2 1/2 baths, with a 2 car garage. The initial bids I got in 2007 (before I dropped 63K on land improvements) while the market was at it’s height ran around 500–650K for construction. Fortunately, all the rigamarole above had me wait to engage a builder until 2011…when the construction market was at it’s lowest in decades. The cheapest bid I got then was for $350K (now, the market is hotter than it’s been in decades, you won’t find a builder like I was who was starving and willing to do things at cost to keep his lights on). To stay in budget, I sourced a bunch of materials off of Craigslist (from builders and design studios who were going out of business), did all my own tile-work, and much of the trim. It was finished in 11 months. I did not mention the neighbors who were resentful of me building near a wetland who would turn me into the city for any perceived environmental violation. Or my wife who was depressed for 6 months because due to financial compromises driven by city restrictions she could not have her dream house. Total cost for the project then: $588,000 (plus the building permits, another 5K), not counting all the lighting and plumbing fixtures I bought on CL, or my own time and effort.TL;DR: Don’t do it, it’s not a game for amateurs.Fortunately, due to the insane Seattle Market, the house is worth about 100K more than I have into it after 4 years. But it was a hard hundred grand to make, let me tell you.Edit: as I have been thinking about this, new costs keep coming to me. For instance, the city had recently run sewer down the street before I built, but required me to put in a 12k mascerating sewer pump, and then charged me an additional County sewage fee of around 10k which I am still making monthly payments on... And I didn't even mention the joy of getting the construction loan 2 years after the financial meltdown (45 years old with excellent credit (FICO over 750) and I still needed my father in law to co-sign (that was an awesome conversation to have, as you can imagine)).I added a picture of the house up top, on the day we got occupancy.

Under what circumstances is it legal to rent a room on AirBnb in New York?

In 2010, The New York State Multiple Dwelling Law, Chapter 713 of the Laws of 1929 [1] was amended to prohibit short-term rentals of less than 30 days in "Class A" multiple dwellings.The NYS MDL defines a Multiple Dwellings and "Class A" thusly:A "multiple dwelling" is a dwelling which is either rented, leased, let or hired out, to be occupied, or is occupied as the residence or home of three or more families living independently of each other...A "class A" multiple dwelling is a multiple dwelling which is occupied, as a rule, for permanent residence purposes.The text of the 2010 law, which came into effect in 2011 amends the above law [2]:class A multiple dwelling shall only be used for permanentresidence purposes. For the purposes of this definition, "permanentresidence purposes" shall consist of occupancy of a dwelling unit by the same natural person or family for thirty consecutive days or more and a person or family so occupying a dwelling unit shall be referred to here-in as the permanent occupants of such dwelling unit. The following uses of a dwelling unit by the permanent occupants thereof shall not be deemed to be inconsistent with the occupancy of such dwelling unit for permanent residence purposes:(1) (A) occupancy of such dwelling unit for fewer than thirty consec-utive days by other natural persons living within the household of thepermanent occupant such as house guests or lawful boarders, roomers [AKA roommates -ty] or lodgers; or(B) incidental and occasional occupancy of such dwelling unit forfewer than thirty consecutive days by other natural persons when thepermanent occupants are temporarily absent for personal reasons such as vacation or medical treatment, provided that there is no monetarycompensation paid to the permanent occupants for such occupancyThe amendment contains a carve-out for non-profit Colleges to rent out 5% of their dorms for less than 30 days if the lessee is a student.The amendment then goes on to grandfather buildings with more than 50% of units already being used a short term rentals on January 1, 2009 or buildings that were hotels before December 15, 1961, provided that they contain two mains of egress and is of fireproof construction and is registered with the city and will file for a new Certificate of Occupancy.Likewise, it seems that the Air BnB is legal in New York City ifYou live in an apartment and you are leasing a second bedroom, provided this does not violate your lease or your Co-Op or Condo rules.The building is a single-family or two-family home (called duplexes in the rest of the country) and thus not applicable to the MDLThe building is a "Class B"--which include SROs, Single-Room-Occupancy buildings. However, most SROs are Rent Stabilized, and have a maximum legal rent [3] and other restrictions that a property-owner must follow, even if they are advertising on Air BnB. This includes issuing a lease to any tenant who asks for one.The building has a Certificate of Occupancy "apartment hotel" or "class A hotel" and occupied as a hotel... on December 15, 1961The building is in zoning district C5 ... and was initially constructed as a hotel for other than permanent residence purposes prior to December 15, 1961. These buildings still must reapply for a new Certificate of Occupancy.The building is within 1200 feet of zoning district C5 and was initially constructed as a hotel for other than permanent residence purposes in accordance with a permit that was issued prior to December 15, 1961 and was completed after December 15, 1961 and was initially occupied as a hotel for other than permanent residence purposes. These buildings still must reapply for a new Certificate of Occupancy.NYS Multiple Dwelling LawPage on nyc.govPage on mfy.orgFor more see this Curbed article:An Introduction to New York's Short Term Rental LawsDisclaimer: IANAL (I am not a lawyer)...

Can a landlord divide the living room of a rented house with a wall and rent those rooms in Toronto?

The answer, like a lot of things involving real estate, depends on the zoning.you can go to the City of Toronto’s web site, they have a super system for answering most questions 24/7 365. Just type in the address of the property in the search box and all applicable ordinances will then be indexed to that search query.or- just google Toronto zoning by laws and just the web search portal will come up and you don’t have to search the city of Toronto ‘s web site looking for it.Most places have rules about the total number of un related occupants that can live in any single family dwelling in any zoning. Trpically that number is 5 persons.As for building a wall to divide the living room, it won’t count as a bedroom without a closet. You can put up a permanent closet of a free standing wardrobe. The important thing is the door to each new room must access a common hallway for fire safety. You cannot have the access to one of the new bedrooms be through another bedroom. If the home has a shared space like a kitchen or dining room, then you can access the bedroom through that shared common room.Still, if the zoning for the home you want to modify is in an area that prevents this then you would have to file an appeal for a variance. Typically the zoning people want to make certain there are two additional parking spaces or other issues like that to grant approval.So, first step is to go to the web site, type in the address, and read the zoning documents for the uses allowed at that address. If it is allowed to add bedrooms then you are probably set. If the work you are doing is in any way structural, a building permit is required and inspections by the building inspection department and the work must meet their published guidelines . If it is not load bearing, you might still be required to get a permit. You will see some information about that in the zoning documents.It sounds like you either have a large family or you run a business that provides housing for some of your staff, or you are renting rooms in a house. You might want to research “ single room occupancy” rentals. You can learn a lot from that research. It is a multi million dollar business around college campuses.Good luck with your project, I hope this helps you with your research some.

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