A WOMAN has revealed that she transformed her garage into a stylish tiny home, that she now rents out as an AirBnb, making £2,000 a month.
Sarah revealed that the garage was never going to be used to store cars in, as it was “too old and rickety”, so decided to turn it into a money maker instead.
To convert the garage, Sarah worked hard adding in windows, installing a bathroom, and creating her “dream kitchen.”
The kitchen has an elegant marble counter-top, a Smeg fridge and elegant skylights.
She said that the garage had looked “gloomy and sad” before, but now has plenty of natural light.
Sarah saved money on the conversion, by getting things from an architectural salvage store, and has decked out the spacious living room with chic Ikea buys.
Her sister also painted a stunning mural in the bathroom, and she extended the garage so that there is room for a large bathtub.
Sarah has changed almost everything about the original garage, except the door, as she said it adds “character.”
However, the whole conversion still set her back £95,000 pounds.
Sarah gets around £2000 a month from her garage AirBnb, which she has separated from the house with a fence.
She also rents out the house attached to the garage, for £1500 a month.
Sarah revealed that although her garage conversion was extremely expensive, her penny pinching father also converted his garage, and managed to do it for just £31,000.
Her dad’s garage is extremely spacious, with a large L shaped sofa, a double bed separated from the living room by a wall and a chic kitchen and dining area.
“I think what my dad did was the cheapest way that you could do it”, she told Youtuber Monica Church.
As well as renting it out as an AirBnb, moving into your parents’ garage can also be a great way of saving money for a home, whilst keeping your independence.
As the cost of living crisis continues to bite, more and more adults are struggling to get on the property ladder and are choosing to live in their family home for longer.
USING average house price figures from Zoopla, Admiral Loans crunched the numbers and worked out that each square foot of living space is worth £350 on average.
Typically, the size of a small single garage in the UK is 128 square feet making the additional space worth £45,000.
A standard conversion costs between £4,995 and £7,500 depending on what work you have done, according to householdquotes.co.uk, which will of course eat into your profits.
If the garage is attached to your home you won’t even need to pay for planning permission, which currently costs £206.
The work falls under “permitted development rules”, which allows you to make certain changes to your home as long as it’s within limits.
This is because you’re not really altering the outside dimensions of the building.
But you will need to apply to the local authority if your garage is separate to your house, you live in a flat or maisonette or in a listed building.
It’s worth checking before starting any work that there aren’t any planning conditions attached to your property – you can do this by writing to the local authority.
If you plough on with building work that actually required permission, you may be ordered to take it down.
The 2021 census revealed that over half of people aged 23 and under still live with their parents.
The average price of a house in the UK was £285,000 as of March 2023, and this rises to a whopping £735,254, which is completely unaffordable for many.
Moreover, research from the Resolution Foundation found that the average first time buyer deposit tripled from 5 per cent of the property price in 1989 to 15 per cent in 2019.
This means that buyers have to save for far longer and use up a larger percentage of their earnings to get on the property ladder.
Recent research by property site Zoopla found that 42 per cent of adults under 40 who do not already own homes have given up, due to the astronomical cost of buying a property.
This included 38 per cent of people earning over £60,000 (almost double the average salary for the UK).
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