Considering Turning Your Basement Into a Rental Unit? – If you’re looking for a way to make additional income, why not consider turning your basement into a rental unit? With enough square footage and a few basement renovations, you could get back your initial investment and continue to have extra money to use as you need it. Even if you decide that the rental option isn’t the right fit for you down the road, you can still use it to house an aging parent, your eldest child or even use it as your home office. Before jumping into this project, here are some key factors to think about first.
Make Sure It’s Up to Code
Make sure you take some time to research restrictions and bylaws to see what is legally required and allowed for renting out a basement unit. Different regions can impose different zoning laws and regulations. You’ll need to abide by these, as well as fire escape plans and other safety requirements. Knowing about these prior to beginning can save you a lot of time, money and aggravation in the future.![Turning Your Basement Into a Rental Unit?](https://renosgroup.ca/wp-content/uploads/2018/06/reaney-court-renovation-4-e1529604232872.jpg)