Secondary suites, also known as basement suites, are becoming an increasingly popular housing option in Edmonton. These suites offer homeowners the opportunity to earn extra income by renting out their basement, while also providing affordable housing options for renters.
In Edmonton, the city's Planning and Development department has established regulations and guidelines for secondary suites to ensure they are safe and meet zoning and building codes. In order to legally rent out a secondary suite, homeowners must apply for a development permit and pass a building inspection. Additionally, the suite must have a separate entrance, proper ventilation, and fire safety measures in place.
One of the main benefits of having a secondary suite is the potential for extra income. These suites can be a great source of rental income for homeowners and can also help to offset the costs of owning a home. Additionally, secondary suites can help to increase the overall affordability of housing in Edmonton, providing more options for renters.
Secondary suites can also be a great option for homeowners who have aging parents or adult children who want to live independently but still be close to family. It allows them to have their own space while still being able to provide assistance when needed.
Another benefit of secondary suites is that they can increase the value of a home. Having a legal and well-maintained secondary suite can make a home more attractive to potential buyers.
However, it's important to note that owning a secondary suite also comes with responsibilities such as maintaining the suite to code, ensuring the safety of the tenants and obtaining the necessary permits and licenses before renting it out.
In conclusion, secondary suites are a great housing option for both homeowners and renters in Edmonton. They offer potential income opportunities and can increase the overall affordability of housing. However, it's important to make sure that the suite meets all safety and building code requirements, and to obtain the necessary permits and licenses before renting it out. It's always best to consult with a professional and stay informed
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