I am looking at a house that has a garage / shed thing just like this one except unfinished (only has electricity). I would love to turn it into a space like this.
http://www.vacationrentals.com/vacat...als/82722.html
Have you all seen any other examples of people doing this with a shed? Ideally I am looking for ideas that incorporate a sleeping area, bathroom and (optional) tiny kitchen.
The deal is that the house is in a historic area which does not allow new construction of spaces like this, but does allow owners to do basically anything with the interior as long as they do not change the look of the exterior. So, we would be working within the confines of an old shed, haha. Another house we are considering has an old carriage house which has been used as a shed/garage for many years also but it has more sq ft to work with.
Anyone have an idea of how much this would cost? The major expenses I see are heating/cooling/plumbing. Also, the shed would need to be insulated, sheet rocked, fitted with cabinets/appliances if we go the kitchen route.
The shed/cottage would produce between $3000 - $4000 income year renting it out 14 days a year or possibly double that should we actually did the little kitchen and had a grad student live in it on a long term basis. I don't think we want to have someone in long term though. At this time in our lives we have plenty of room for guests in the house, but if we had kids, it would make a nice guest space or office space.
Is this a crazy idea?