If you just bought a new house, your basement can become and in-law suit for your older children or your in-laws, or if you need supplemental income, your basement can become a rental apartment.
The great thing about basements is that you can use them for virtually anything!
So why not contact Lucas Richard Design to book a free in-home consultation to discuss your basement needs?
We are here to help you visualize the best options for your basement, work on the design and build your dream basement within your budget so that you and your family can enjoy it for years to come.
There are many benefits second suites offer homeowners; here are some of the best:
Makes your house mortgage more affordable. Depending on your mortgage payments and your rental rates, you could cover from 30 to 50% of your mortgage payments.
If you are retired, and your mortgage has been paid off, it could become a source of steady income.
Building a basement apartment in your home adds value to your property. Many real estate agents believe that a finished basement brings the best per square foot value of any remodelling project.
A home with a secondary suite helps first-time buyers to be able to afford to buy a home, or afford a home that they could not afford otherwise.
Many homeowners find good value in secondary suites because immediate family can live on them while keeping their privacy.
By having other people living in your home, especially for seniors and single parents, you increase your home’s security level. Additionally, if you and your family are out of town, your tenants can watch your house while you’re gone.
You may be able to depreciate a portion of your home reducing the taxes you owe.
We just had our third child. With a growing family we desperately needed a place for the children to play. Since our basement was unfinished we decide to convert it in to a play area for the kids. Lucas Richard Design did a great job on our basement. We love it and so do our kids.
- Kevin and Sue Lafaso, Schomberg
Homes with a second suite are popular in King City due to their income potential. However, building a legal basement apartment isn’t as simple as finishing your basement for an older child or family to live in. However, just because your house already has a basement apartment, it doesn’t mean that you can go ahead and rent it. A finished basement is not a legal apartment.
A legal basement apartment is the one that complies with zoning by-laws, building codes, electrical codes, fire codes and any other municipality requirements. Not all areas permit legal basement apartments, so make sure to check with your city before you go start building one.
Lucas Richard Design has established a reputation as the basement renovations company of choice for building legal suites in King City. When you work with us, you can rest assured that you will get the best workmanship and materials your money can buy.
Building a basement apartment in King City is a great way to get that extra cash to help you pay your mortgage sooner. We can help you with all your basement renovations at an excellent price; with top quality materials and workmanship.
Are you thinking about finishing or renovating your basement in King? Give Lucas Richard Design a call today at 416-575-9696 or check out our GET A QUOTE PAGE and we will show you how we can help you realize the full potential of your basement.
Lucas and his team took complete care of us while we renovated our basement. Their communication was top notch. I would recommend them to any of my family and friends!
– Jen & Sean, Caledon
Lucas Richard did an excellent job on my kitchen. It is hard to find companies that you can rely on. They also made sure that the kitchen met my expectations before they finished the project. The quality of work is amazing!
– Lori, Vaughan
Everything was done on schedule and they made sure that every little detail was taken care of. We love our bathroom and would recommend them again!
– Mike & Michelle, Richmond Hill