Why build a SECONDARY SUITE?
With Growing Need for basements, the extra space in the basement can bring you Potential Rental Income Under Your Roof that unfinished basement full of discarded items could easily provide extra monthly income.
You can have a large bedroom, bright bathroom, hideaway laundry with plenty of space for living with basement
EXTRA SOURCE OF INCOME
A basement suite allows you to make additional income without the complications of owning a second property. A renter provides a passive income for your household. A basement suite does not take much time or money to maintain. A basement rental suite also allows you to offset your taxes by providing additional tax deductibles.
SEPRATE ENTRANCE
Extra Sense of privacy with a Sperate entrance to your secondary basement suite.
WIN-WIN FOR TENANTS AND LANDLORDS
Income for potential landlords and affordable housing for low-income residents. It allow renters to live in lower density neighborhoods, usually include access to a yard, and are in close proximity to schools, shopping, recreation and other amenities.
MULTI-GENERATIONAL LIVING
Many different cultures from around the world still honor the tradition of having grandparents live with them. It’s also common for adult children to live at home for longer while achieving higher levels of education. Secondary suites allow for families to enjoy closeness, while still having the option for privacy too.
BOOST YOUR HOME’S RESALE VALUE
If you plan to sell your home in the future, keep in mind that this addition will increase your property’s value. Walk-out basements are considered as increased living space. This addition will increase your property’s price on the real estate market, so it is a pretty smart investment.
REDUCE URBAN SPRAWL
By using the space more efficiently, more people are able to live on the same piece of land, which reduces the need for communities to continue to build outwards.