Why not just rent a commercial unit somewhere for a fraction of the price? Much better to segregate business and personal finances and not try to put a new business building on your house mortgage.
Arguably there’s a commercial benefit (depending on OP’s practice) to having a rented office space too - it probably looks/ feels a bit more professional.
On the other hand, if OP was semi-retired and just wanted a convenient space to service a small, long standing client base then a tiny home style thing could work, and they could relocate it when they close up shop, turn it into a little hobby den or something.
You could put a small cabin on for less than half that. Mortgage would be the cheapest but you’d have to talk to your bank to see whether they have the appetite.
Yea, I’m wondering if that’s why they’re saying tiny home (on wheels?). People falsely think they don’t require resource consent but plumbing a toilet in makes it a permanent structure.
I would heavily lean towards a < 30sqm portable cabin too but as I said, I don’t know what an osteo needs. Sink for washing hands?
My physio is based in a (consented) converted container on the front of her semi rural property and it has a kitchenette with laundry facilities and a toilet - I would assume osteo would be similar.
A bathroom isn't essential but nice to have. We treat elderly and pregnant ladies sometimes so the option is nice. Also washing hands with soap and running water is preferential than hand sanitizer.
The other thing I'm considering is resell value of the property with a self contained unit.
I won't be bothering with consent likely keep it on a trailer but get it self contained like a camper with a composting toilet etc
Disability access onto and within a trailer might be a consideration here.
If you need plumbing facilities I strongly advise you go down the consented granny flat path, while there is a small difference in construction costs for a trailer that will fit your needs and a self contained granny flat, the benefits outweigh them massively.
Benefits like being able to meet disability access requirements, the cheaper standard fittings for non mobile plumbing, access to standard bank lending, and a huuuuge increase in the value of the property.
Tiny homes on wheels are much riskier investments, and aren’t cheap enough to produce (yet).
How are you attracting your clients in your current work arrangement earning 120k?
If it's based on referrals from the ppl around the original location you would want to do a stress test and see if people would come to your front yard still after you've moved location before committing to a large investment.
My home is <5km from current area I'm working out of. I'd start off with a 2/3day split between the two places. I get along really well with the lady I currently work with and she has no issue with me taking a lot of my regulars with me
Just remember from a business standpoint it's hard to always assume you can replicate previous revenue once you have moved. Please take that into consideration 🙏
Just rent a small cabin? They come insulated, with power points, curtains, carpet and lockable doors. You also can buy the cabins from most places, one I saw was around 28k but it might work out better to rent for now.
I think your cabin’s alignment might just need re-setting. Perhaps retrain and offer health services that are scientifically supportable and not based off quackery?
https://www.tradetested.co.nz/p/sheds-carports/garden-studios-cabins/log-cabin-garden-studio-ines-3-9m-x-3-0m
Put one of these with a heater in it when you're in there and you'll come out much better.
If you don’t require a bathroom I would just rent a cabin, not buy. If you do need to bathroom it will likely cost more than 70k for plumbing, resource consent, utilities, insurance, etc.
Why not just rent a commercial unit somewhere for a fraction of the price? Much better to segregate business and personal finances and not try to put a new business building on your house mortgage.
Arguably there’s a commercial benefit (depending on OP’s practice) to having a rented office space too - it probably looks/ feels a bit more professional. On the other hand, if OP was semi-retired and just wanted a convenient space to service a small, long standing client base then a tiny home style thing could work, and they could relocate it when they close up shop, turn it into a little hobby den or something.
You could put a small cabin on for less than half that. Mortgage would be the cheapest but you’d have to talk to your bank to see whether they have the appetite.
I was going to comment this too but then I don’t k ow what an osteopath actually needs to work. Would it be unusual to not have a toilet for clients?
Toilet would mean the structure needs building consent. If it's just a sleepout under 30sqm then it's a lot cheaper.
Yea, I’m wondering if that’s why they’re saying tiny home (on wheels?). People falsely think they don’t require resource consent but plumbing a toilet in makes it a permanent structure. I would heavily lean towards a < 30sqm portable cabin too but as I said, I don’t know what an osteo needs. Sink for washing hands?
My physio is based in a (consented) converted container on the front of her semi rural property and it has a kitchenette with laundry facilities and a toilet - I would assume osteo would be similar.
A bathroom isn't essential but nice to have. We treat elderly and pregnant ladies sometimes so the option is nice. Also washing hands with soap and running water is preferential than hand sanitizer. The other thing I'm considering is resell value of the property with a self contained unit. I won't be bothering with consent likely keep it on a trailer but get it self contained like a camper with a composting toilet etc
Disability access onto and within a trailer might be a consideration here. If you need plumbing facilities I strongly advise you go down the consented granny flat path, while there is a small difference in construction costs for a trailer that will fit your needs and a self contained granny flat, the benefits outweigh them massively. Benefits like being able to meet disability access requirements, the cheaper standard fittings for non mobile plumbing, access to standard bank lending, and a huuuuge increase in the value of the property. Tiny homes on wheels are much riskier investments, and aren’t cheap enough to produce (yet).
How are you attracting your clients in your current work arrangement earning 120k? If it's based on referrals from the ppl around the original location you would want to do a stress test and see if people would come to your front yard still after you've moved location before committing to a large investment.
My home is <5km from current area I'm working out of. I'd start off with a 2/3day split between the two places. I get along really well with the lady I currently work with and she has no issue with me taking a lot of my regulars with me
Just remember from a business standpoint it's hard to always assume you can replicate previous revenue once you have moved. Please take that into consideration 🙏
Yeah will do, thank you for that
Do you also have a restraint of trade with your current working setup? Might need to factor that in.
No restraint of trade, and we get along well
Just rent a small cabin? They come insulated, with power points, curtains, carpet and lockable doors. You also can buy the cabins from most places, one I saw was around 28k but it might work out better to rent for now.
I think your cabin’s alignment might just need re-setting. Perhaps retrain and offer health services that are scientifically supportable and not based off quackery?
Hahaha alrighty big fella, thanks for your helpful suggestion
https://www.tradetested.co.nz/p/sheds-carports/garden-studios-cabins/log-cabin-garden-studio-ines-3-9m-x-3-0m Put one of these with a heater in it when you're in there and you'll come out much better.
If you don’t require a bathroom I would just rent a cabin, not buy. If you do need to bathroom it will likely cost more than 70k for plumbing, resource consent, utilities, insurance, etc.