Homes with basements give owners opportunities to have extra space to offer as rentals. Investing in a home with a basement suite allows owners to earn passive income and offset mortgage payments, providing increased equity as the home appreciates. Basement apartments can be lucrative, but they require unique steps from start to finish. Here's what you need to know about converting a basement into an apartment, accommodating local zoning laws, and finding tenants so you can profit off your basement suite.
What Is a Basement Suite?
Basement suites are separate units located on the lower levels of a home. This means that another individual can live there, essentially turning a single-family home into a multi-family home. Homes with basement suites
Where to live is not the only thing to think about when buying property. It's also essential to consider what type of property is best. A single-family home works well for many as it offers ample space and the flexibility to design and style it as the owner wishes. Yet, there are a few compelling reasons to consider condos for sale instead. Condos are located in a shared building, but they still allow for full ownership. Keep reading to learn four reasons to buy a condo instead of a single-family home.
Condos Are Great First Investments
Condos can be an exciting point of entry to the real estate world for first-time home buyers. They tend to have a lower purchase price than homes of the same size. That lower cost typically translates into a
While there are pros and cons to multigenerational homes, this living arrangement has become more commonplace in North America. Homeowners anticipating an aging loved one moving in or already have a senior aging in place with them will want to make their homes accessible for everyone.
These homes can be multi-family properties, but they can also be single-family homes. If you want to learn a few key ways to make a multigenerational home accessible, the following are some top home modifications to ensure a senior can live there while maintaining independence.
Make a Plan Before You Get Started
Homeowners will want to evaluate the specific needs of their aging loved ones to ensure they can live out their golden years in a safe environment. Is
With rising housing costs, a growing number of Canadians are choosing to live in multigenerational homes with children, parents, and grandparents all under one roof. Which type of home works best for this living arrangement? Logically, multi-family homes are viable options for multigenerational families, but they aren't the only options.
Every family is different and will have different needs in terms of privacy and comfort. There are also many advantages to multigenerational living, such as elderly parents being able to age in place and more caregivers available for raising the children. Here is a closer look at different types of multigenerational homes where Canadians make an extended family living situation work.
When it comes to picking different house architecture styles, there is a plethora to choose from. Everybody has different criteria for their preferences, lifestyle, and budget.
Bungalow-style homes are booming in popularity in Canada. A bungalow typically consists of a single-storey small house with a sloping roof and broad porch. These homes are full of practical arrangements and distinctive Bungalow details and designs that can match the needs of many different people. Keep reading to become an expert on the common characteristics of bungalow-style architecture.
Types of Bungalows
While it may seem like bungalows are just one type of home, there are actually many sub-types of bungalows that have different styles based on where the style
Living situations can be complex and are ever-changing: co-living culture has taken off in recent years, and the ability to rent rooms in the short term has grown with the internet. Multigenerational homes, however, represent a combination of the old and the new, providing a viable and comfortable living situation for people with different circumstances.
You've likely heard of a multi-family home, a free-standing building containing multiple units intended for different tenants — usually families. In other words, three different families may live in one multi-family home, each in a self-contained unit within the building. Meanwhile, multigenerational homes refer to a single residence or other building that houses multiple generations of adults, all
Buying a waterfront home is an exciting opportunity. Doing so may mean having direct access to the water in some areas. In other areas, owners may have a view and the ability to walk to the waterfront itself. From lakes to rivers, buying waterfront homes requires paying close attention to more than just the way the home looks and its amenities. It is also essential to consider the laws and regulations regarding these properties. This can differ from one area to the next. To keep everything straight, it helps to know what to ask. Keep reading to learn what questions to ask before buying a waterfront home.
What Are the Boundaries of My Waterfront Ownership?
In Alberta, waterfront landowners typically own the land directly bounded by a natural water
Living in a condo offers many advantages, but choosing to purchase a penthouse unit provides many more benefits and features than buyers typically find in a standard condo unit. As home seekers explore the different condo options, it's important they ask plenty of questions to help ensure they get the lifestyle and home features they seek.
Before signing a contract, be sure to do plenty of research, so there's no confusion about what a penthouse is and – perhaps more importantly – what it's not. This is because the definition of a penthouse has evolved in recent years and what's being sold may not exactly be what's expected.
Determine if a Penthouse is Worth It
How much does a penthouse cost? Is it worth the price tag? These are important
Owning a luxury waterfront home is about much more than enjoying the views of an inlet or lake—although that reason is essential. Living in a waterfront home is also about expressing a particular lifestyle. There are several ways to make the most of living on a river, from making additions to the home to ensuring that the riverfront property you buy is surrounded by amenities that you'll love.
Adapt Your Home to Your Lifestyle
When thinking about what to add to a luxury waterfront home, it is important to consider your lifestyle. While some additions might increase the value of the home, you're the one currently living in it—don't spend money making any changes that you won't enjoy yourself. For example, if you enjoy kayaking, you'll need
Those looking to invest in a home for rental purposes or long-term occupancy typically have a vision in place. Some may be seeking endless recreational activities on lakes and beaches, while others want to enjoy peace along a stream or reservoir. Regardless of the location, waterfront homes are highly desired in the real estate market. Make the most of all opportunities to transition a vision into a daily reality by using the following design tips to meld the indoors with the outdoors.
Begin With Beautiful Waterfront Property Landscaping
Any well-thought-out luxury waterfront property maximizes views and catches the interest and adoration of passersby with a balance of hardscaping and soft landscaping installations. Of course, how owners and
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