How to Subdivide A House Into A Multifamily Unit

Feb. 17, 2015 - PRLog -- Multifamily Investing

Winston Rowe & Associates is an advisory and due diligence firm that specializing in apartment, multifamily and commercial financing, without upfront or advice fees.

They have prepared this news article about multifamily investing.

Overview:

A current popular trend is to take a single-family dwelling and convert it into a multifamily unit. There are many reasons for why this is done. Most often, the landlord sees extra dollar signs when it comes to subdividing a property where there can be multiple tenants.

Eliminates Unoccupied Homes:

In many parts of the country, affluent people have purchased or have had built larger homes. As the neighborhoods grew older, or the city had grown, the rich would sell their homes and move someplace else. By subdividing a larger, more expensive home, it allows people who may not be able to afford to live in such a large house to be able to share apartments within it.

Providing Apartments During Housing Shortages:

A reason landlords subdivide single-family dwellings is to provide apartments during periodic housing shortages. In some areas, housing shortages exist and young families and single people are unable to find affordable housing. A large single-family home that would normally be vacant could provide acceptable housing for people who need it.

Zoning:

Before you take that first step toward subdividing a home into apartments, you will need to check the zoning regulations in your area to make certain that what you are doing is legal in your municipality.

Multifamily financing from Winston Rowe and Associates:

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When you call Winston Rowe & Associates, a principal is always available to speak with prospective clients.

They can be contacted at 248-246-2243 or check them out on line at http://www.winstonrowe.com

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