Garage Suites vs. Basement Suites Which is Right for Your Calgary Property
Both garage suites and basement suites offer valuable opportunities to enhance your propertyu2019s functionality, increase its value, and generate rental income. By carefully considering the factors outlined above, you can make an informed decision
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Garage Suites vs Basement Suites Which is Right for Your Calgary Property?
Garage Suites Basement Suites Also known as carriage houses, garden suites, or laneway houses, garage suites are self-contained living units built above or adjacent to a detached garage. They usually include a kitchen, bathroom, bedroom, and living area, and are entirely separate from the main house. These are fully equipped living spaces within an existing home s basement. They typically have a separate entrance, and like garage suites, they come with their kitchen, bathroom, and living areas.
Cost and Investment GARAGE SUITE BASEMENT SUITE A significant investment, with construction costs often higher than those of a basement suite due to the need for new foundations, plumbing, electrical systems, and insulation. Are generally more cost- effective to develop, particularly if the basement is already partially finished.
Design Flexibility and Aesthetic Appeal BASEMENT SUITE GARAGE SUITE Limited by the existing footprint of your home, and natural light can be a challenge since basements are often below ground level. To address this, larger egress windows or light wells may be necessary, which can add to the cost. The significant advantage is their design flexibility, allowing you to create a space tailored to your specifications. Choose the layout, materials, and finishes that align with your vision, whether a modern minimalist aesthetic or a cozy, traditional look.
Market Demand and Rental Potential GARAGE SUITE BASEMENT SUITE Garage suites, particularly in neighborhoods where space is at a premium, attract renters willing to pay more for added privacy and independence. Basement suites cater to those looking for more affordable housing options, such as students, young couples, and individuals.
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