Renting Out Your Edmonton Home?
As Summertime comes to an end and September approaches, the thing on many people’s mind is back to school. The return of students at Edmonton’s post secondaries means increased, rush hour traffic, fresh faces in Downtown Edmonton and back to school commercials on T.V. But what can it mean to an Edmonton homeowner and how can they use it to their advantage?
Secondary entrances to the secondary suite are best.
If you’re shopping the market for an Edmonton house, consider a home that can help you generate more income with attractive features suitable for secondary suites.
There are many benefits for homeowners who have secondary suites, or basement suites:
- Good for families who are looking to buy another home
- Good for empty-nesters with the additional space available
- Fixed income tenants, seniors, or retirees can receive an additional stable monthly income
If you are interested in adding a Secondary Suite to your Edmonton home the number one thing you will want to do is maximize your rent while maintaining a low tenant turnover.
Below are some additional tips to help you achieve this:
- As much as possible, make the bedrooms large, bright, and with high ceilings
- Add nice fixtures to the bathrooms and kitchen. This includes decent kitchen cupboards, shower head, and bathtub.
- Secondary entrances to the secondary suite are best. Particularly if you are planning on renting your Edmonton home’s basement unit to a younger post-secondary student.
In Edmonton, you can build a secondary suite within an existing home or a new home. If you decide to do so, there are government grants available to financially support homeowners when developing or renovating their rental suites. For more information on this visit the City of Edmonton website.
When looking to buy or sell your Edmonton home, trust the Edmonton Home Pros. Stephen Lau and his team of real estate agents can help you find the perfect home to suit your needs and lifestyle. Contact them today!
Tags: Basement Suites, Edmonton home buyers, Edmonton Home Pros, Edmonton Real Estate, purchasing a home, Secondary Suites
