Rental/Income Apartments

Home Additions Ottawa

If you want to help your house pay for itself, converting the basement into an apartment that can be rented means you not only have you recouped the cost of the remodel, but you are making some money for the long term.

Legal Issues

Your contractor will be able to advise you on whether or not the zoning laws in your city and province will permit this conversion. They will also be knowledgeable about number of allowable tenants, fire escape plans and parking restrictions.

Budgeting

Establishing a budget means that you can calculate how long it will take to regain your remodel investment as well as determining how long the renovation should take. Starting with a basement that has already been converted into living space may still need some upgrades to qualify as an apartment.

There are some factors that are critical to rental property within your home:

• Living room
• Kitchen
• Full bathroom
• Bedroom
• Dining area
• Closets and storage