Here's what to consider before adding a rental unit to your home
With the rising cost of living, you may have thought about ways to make extra money and adding a rental unit to your home may have been one of them.
However, there are rules associated with adding a rental unit before taking that leap. CTV Morning Live digs into what needs to be done in this regard with Tonya Bruin, owner of To Do Done. She says you can benefit from the current economic conditions, such as the housing shortage and affordability crisis by using your basement as a rental unit.
"If you can create space for another family, that's fantastic," she said. "So, we've done a few."
Bruin says there are several considerations to take note of:
-
A secondary entrance: Bruin says having a separate entrance for your basement suite is the most important factor. She adds that adding one can be difficult.
"You can add a separate entrance. There are lots of ways in which we can do that, depending on the configuration of the home, (such as) the backyard (or) the side yard," she said. -
Height of the basement ceiling: She says that when you consider adding the basement as a secondary unit, you must consider lowering the ceiling, noting that some older homes already come with lower ones.
"Starting with a relatively high ceiling in your basement is better if you are lucky enough to have that," Bruin added. - In-suite laundry: She says an in-suite laundry is very important, noting that it's become a standard that tenants expect. However, adding an in-suite laundry comes with additional costs, such as the cost of plumbing, which is also something to consider, according to Bruin.
-
Utility meters for each unit: Power meters should be incorporated into the secondary unit, she says.
"When people know they're paying for their own energy, they'll conserve it," she added. "It's good for the homeowner, but it's also good for the environment." - Parking: Having extra space for another car is also important, as tenants look for spots to park their vehicles when looking for homes, she says. If you're close to public transit, you can attract a tenant who does not have a car, Bruin adds.
There are other key considerations to take note of, including, zoning Bylaws, building permits, inspections and building code compliance.
In Ottawa, you have to check the geoOttawa tool to see whether you're allowed to have a secondary unit or not. According to the City of Ottawa's website, secondary basement units should have a separate ground-floor entrance.
In April, the city of Ottawa released a first draft of a new zoning bylaw that is looking to allow fourplexes on all residential lots across the city, eliminating minimum parking rules, ban new surface parking lots in the downtown core and making room for more trees in its new zoning rules. Council will approve the new bylaw by the end of 2025.
More information about adding a secondary unit is available on the city's website.
CTVNews.ca Top Stories
N.Y. prosecutors charge Luigi Mangione with murder of UnitedHealthcare CEO, court records show
Late Monday, Manhattan prosecutors filed murder and other charges against Luigi Nicholas Mangione in the killing of UnitedHealthcare's CEO, according to an online court docket.
Union dropped wage demand to 19% over four years in Canada Post negotiations: CUPW
The Canadian Union of Postal Workers has reportedly dropped its wage demand to 19 per cent over four years, CUPW negotiator Jim Gallant told CTV News.
Taxpayer-funded Eras Tour tickets returned by federal minister
While tens of thousands of fans packed Vancouver's BC Place for the last shows of Taylor Swift's Eras Tour this weekend, a federal cabinet minister wasn't one of them.
Israel's Netanyahu takes the stand in long-running corruption trial
Israeli Prime Minister Benjamin Netanyahu took the stand on Tuesday in his long-running trial for alleged corruption, setting off what's expected to be a weeks-long spectacle that will draw unwelcome attention to his legal woes as he faces an international arrest warrant for war crimes and the fighting in Gaza continues.
AI pioneer Geoffrey Hinton to receive Nobel Prize in physics today
British Canadian computer scientist Geoffrey Hinton and co-laureate John Hopfield are set to receive their Nobel Prize for physics at a ceremony in Stockholm today.
What the upcoming holiday GST relief will mean for consumers
The federal government's GST break will arrive this Saturday, just in time for the last stretch of holiday shopping.
Katie Holmes refutes story about daughter Suri Cruise’s fortune
Katie Holmes has posted a screen grab of a Daily Mail article, which reported that her 18-year old daughter, whose father is Tom Cruise, is now a "millionaire."
Alan Young, lawyer and scholar known for landmark legal challenges, dies at age 69
York University says Alan Young, a lawyer and legal scholar known for leading the challenge of Canada's prostitution laws before the country's top court, has died at age 69.
'Looking for the Weinstein of Quebec': impresario Gilbert Rozon's civil trial begins
Just for Laughs founder Gilbert Rozon's civil trial for sexual assault opened Monday at the Montreal courthouse with his lawyer portraying him as the scapegoat in a hunt to find Quebec's Harvey Weinstein.