I'm living in a rented house in Dun Laoghaire that was recently sold. By suburban standards the house has a very large back garden and it has recent pp for one new house. Myself and the new landlord have made a deal where I can stay on cheap until and during the building of the second house. My plan was to stay until I save enough deposit to buy my own place.
And then I had an idea.
I could ask my landlord to sell me some of the property and build on it myself. The garden certainly is big enough. He has actually mentioned re-applying for pp for more than one house. It is in my absolute perfect location, near family, son's school etc. I would really, really like to be able to pull this off.
I'm sure many on this forum have developed property in a similar way to my landlord. So how should I approach him? If you were in his shoes what would it make it as attractive as possible?
I was thinking that if I bought part of the site it would release some of the equity in the land which he could use for the rest of the development without as much debt.
Any ideas or thoughts?
And then I had an idea.
I could ask my landlord to sell me some of the property and build on it myself. The garden certainly is big enough. He has actually mentioned re-applying for pp for more than one house. It is in my absolute perfect location, near family, son's school etc. I would really, really like to be able to pull this off.
I'm sure many on this forum have developed property in a similar way to my landlord. So how should I approach him? If you were in his shoes what would it make it as attractive as possible?
I was thinking that if I bought part of the site it would release some of the equity in the land which he could use for the rest of the development without as much debt.
Any ideas or thoughts?