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1- According to Glenorchy City Council regulations, is Denise able to convert her garage into rental accommodation? What government grants or financial support might be
1- According to Glenorchy City Council regulations, is Denise able to convert her garage into rental accommodation? What government grants or financial support might be available to help fund the project. and how can these be accessed? What is the total cost of the garage conversion project. including any costs associated with obtaining a council permit based on the three options: [1) a bedroom: (2} a bedroom with ensuite bathroom; (3) a bedroom, ensuite bathroom and kitchenette? Will Denise need to borrow money from the bank. and if so, how much? What is the current In eres ra e on a loan for home improvements? Is there a specific annual cost associated with running the selfcontained living space. which Denise needs to consider? How much rent could she charge for this type of accommodation, in the current market, and what is her potential income from the accommodation? What is the breakeven point for the project? What is thm or the garage conversion project? Assuming Denise has expressed her desire to recover the conversion costs within three years, what is the minimum rent she needs to charge her tenants to accomplish this goal? Is it feasible to achieve this target in the current, competitive. rental environment? 10 What is the net present value {mm of the proiect
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