Okay, that didn’t work out! After sinking $5,000 into the Ramblette and locating it at a beautiful country location, I found a professional rehabber who told me I would need to put another $10,000 into the upgrade, not including bringing water and electricity to the unit. So I chalked this purchase up as a loss and donated the trailer to a vintage trailer museum and am moving forward. The idea was to live in the trailer on the down low during the summer months and rent out both units in my duplex to save money for Redwing Cottage.
I have not discarded the idea of building on my vacant lot, I have set that idea aside as a last ditch effort and I have, instead, put my energy into advocating to add movable units as ADUs to the local bylaw. I anticipate this taking several years to never but I’m going to try it before I try subdividing my property.
I researched long and hard about building an ADU and have decided a better choice for resale will be two houses, as opposed to one house with an ADU. However, a movable tiny house ADU is cheaper to buy and place and has a faster return on investment.
My timeline is 4 years. I have to payoff the second mortgage on the house I took out to fix it up to rent it and then I have to save up for the tiny house purchase. If the movable amendment doesn’t go through, I will re-visit my idea to subdivide and build new.