Long gone are the days when basements were only used as storage rooms or abandoned spaces. Today, homeowners are renovating and transforming their basements into fabulous spaces. With a help of basement renovation contractors in Toronto, some turn their basements into a home theatre, while others turn them into an extra bedroom or kitchen. The options are virtually endless. It all depends on how big the space is, how bold your vision is and how much money you have. A popular trend is that of transforming basements into secondary suites that can be rented out to tenants.
A secondary suite can be rented out to tenants or used as an in-law suite for guests. Even so, most homeowners choose to rent out their basement apartments to generate extra income that can be used to meet other needs. All in all, it is essential to note that not all basement apartments meet the requirements of a legal basement suite. Whether you want to rent out your basement or rent a basement apartment, it is important to understand what makes a legal basement suite.
What is a Legal Basement Suite?
In simple terms, a legal secondary suite is an apartment situated within a home that is registered with the city municipality. There are so many financial benefits that come with having a secondary suite in the home.
However, before you can start generating income with a basement apartment, there are a couple of legal guidelines your basement has to comply with so as to make it a legal secondary suite. Tenants will be familiar with this fact too. If you plan on renting out your basement in Canada, there are a few things you will have to consider.
What Are the Requirements to Build a Secondary Suite?
To start with, if you plan on remodelling your basement to transform it into a basement apartment, you need to follow some requirements. The good news is the right contractor will help you understand the legal requirements and help you apply for all relevant permits before you get started. The contractor will also ensure that all housing standards by-laws are met. Here is the list of documents that you will need.
Additional Legal Secondary Suite Requirements
While the legal requirements for a secondary suite may vary depending on where you live, there are specific requirements that you need to meet. Here are the main ones.
While the list may seem long, it is not exhaustive. The best way for you to ensure that your basement apartment is legal is to work with an experienced basement renovation contractor. The basement renovation contractor is familiar with the legal requirements in your area and will ensure that all of them are met. The contractor can also help with a basement inspection to ensure everything is in order before you rent out your basement apartment.
What Makes Having a Legal Secondary Suite Important?
Creating a legal basement apartment is crucial because it guarantees the overall safety of the occupants in the whole building. You also need to keep in mind that the requirements for a basement apartment vary from one city to the next.
With that in mind, you must check the specific laws in your area before you start working on your remodelling project. The benefits of having a legal secondary suite are, without a doubt, worth it.
Here are the key reasons why you should have or rent a legal secondary suite:
Although it is important to familiarize yourself with the city’s legal basement requirements, it is the responsibility of a contractor to make sure all the requirements are met. That is why when you are ready to build a legal secondary suite; you must always hire the best contractor in the business. Complying with municipal standards is the best decision for both you and your tenant, and your contractor will ensure nothing is left out. You will also end up with more refined renovation ideas when working with an experienced basement renovation contractor.
What Else You Need to Research Before the Construction of Secondary Suite Starts
Why Hire a Professional For Your Legal Secondary Suite in Toronto?
It is very important to have a comprehensive understanding of the building code when you’re planning to build a secondary suite. The code is constantly changing, and it can be difficult to keep up with all the changes. Hiring a professional will ensure that your plans meet all the current requirements. They will also be able to help you navigate the zoning by-laws.
Building a secondary suite is a big investment, so you want to make sure that everything is done correctly. Hiring a professional will give you peace of mind and ensure that your investment is protected. A professional can take all the hassles off your shoulders by handling all technical aspects of the project including drawings, engineering and applications.
They will also be able to help you find the right contractors for the job. Getting quotes from different contractors can be time-consuming, but a professional can do it for you.