Unlock the Potential of Your Property with Laneway Houses & Garden Suites
Maximize your home’s value, generate income, and secure your future with expert guidance.
Don't let your home hold you hostage.
Many homeowners are stuck in their homes, unable to access their equity without selling or taking on significant financial burdens like reverse mortgages. Downsizing often doesn’t yield enough financial benefit, while reverse mortgages reduce monthly cash flow, which is critical for retirees.
Your home is a unique asset when it comes to actually extracting the value you have built from it. The two most common ways to tap into the equity in your home are to sell and downsize, or to take a line of credit or reverse mortgage. Both scenarios leave homeowners in a difficult position financially.
Your home is an asset if you make it one. With a Laneway House or Garden Suite, you can unlock the equity in your property without selling or downsizing. Build an income-generating space on your property, allowing you to stay in your home while creating a new revenue stream.
The Solution
The Problem
What it Means to Think Like a Developer
All developers understand one fundamental truth, that land is the most valuable aspect of any real estate transaction. When it comes to maximizing the value of that land, developers will always look to build as much square footage as possible. This mentality should carry over to every real estate investment.
Maximize the opportunity and value of one piece of land before looking to purchase another... it's that simple.
Who Are Laneway Houses & Garden Suites For?
Retirees:
Stay in your home and earn extra income for retirement.
House Hackers:
Offset mortgage payments by renting out the extra space.
Investors:
Maximize the value of your land and increase your return on investment.
Multigenerational Families:
Create a flexible living solution for family members while maintaining independence and privacy.
What are ADU's?
Accessory Dwelling Units (ADUs) are self-contained living spaces located on the same property as a single-family home. These units can either be attached to the main house, like a converted garage or basement, or be separate, standalone structures, such as a small cottage or apartment.
ADUs offer homeowners a versatile and cost-effective way to expand their housing options. They can accommodate aging parents, adult children, or renters, providing a private living space while maintaining a connection to the main house. Additionally, ADUs can serve as a source of rental income, helping homeowners offset mortgage costs and increase property value.
Why Invest in a Laneway House or Garden Suite?
Generate Significant Income: With rental prices on the rise, adding a Laneway House can create substantial cash flow.
Stay in Your Home: Avoid the stress of moving or downsizing, and continue living in your neighbourhood.
Affordable Building Costs: A Laneway House can cost much less than purchasing a new condo or home, with better rental returns.
Requirements for Building
Size and Height: Maximum footprint is 10 meters by 8 meters, with a total height of 6.3 meters.
Setbacks: Rear and side setbacks depend on your property’s layout.
Firefighter Access: Ensure proper access based on hydrant and walkway distances.
Want more information?
Contact me today to get your free qualification report and start building your future.
©2024 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Trademarks owned by Columbia Insurance Company. Used under license.