If you're considering renovating your Edmonton home, adding a secondary suite can be a smart move. It not only enhances your living space but also opens up opportunities for rental income. Before you dive into the renovation adventure, let's break down some key aspects.
Renovation costs can vary, but it's essential to budget for both the construction and potential hidden expenses. On average, expect to invest $50,000+, but this can go up depending on the extent of the changes needed.
Edmonton has specific regulations for secondary suites. Before you start knocking down walls, check with the city to ensure you're compliant. Permits are required, covering safety and zoning regulations. It's a crucial step to avoid issues down the road. You can visit the official City of Edmonton - Secondary Suites page, with information on permits, guidelines and regulations for suites in Edmonton.
Consider the existing layout of your home and how the addition will impact it. Plumbing and electrical systems might need adjustments. Also, think about the logistics of creating a separate entrance for the suite.
Renovations can uncover surprises. Be prepared for unexpected challenges, like outdated wiring or plumbing issues. Having a contingency fund will help you navigate these bumps in the road without derailing your project.
Adding a secondary suite comes with perks. Beyond extra income from renting it out, it can increase your property value. The additional living space can also make your home more attractive to potential buyers if you decide to sell in the future.
Think about the type of tenant you want to attract and design the suite accordingly. Also, keep in mind that managing a rental property comes with responsibilities, so be ready to take on the role of a landlord.
In a nutshell, renovating to add a secondary suite in Edmonton can be a game-changer. Just be sure to do your homework, secure the necessary permits, and have a realistic budget in place. It's an investment that can pay off both now and in the future.
Here are a couple more resources that may help:
Alberta - Secondary suites - Building codes
RenovationFind - What is Needed to Build a Legal Secondary Suite in Edmonton
Happy renovating!
Jason
Hey Edmontonians,
In our bustling city, where I help folks find their dream homes, it's essential to remember that not everyone has the comfort of a full plate. Edmonton's Food Bank plays a pivotal role in addressing this issue, ensuring that no one in our community goes hungry.
Community Well-being: A well-fed community is a thriving community. The Food Bank contributes to the overall health and well-being of our neighbors, fostering a stronger, more resilient Edmonton.
Supporting Families: Many families face tough times, and the Food Bank provides a lifeline, ensuring parents can put nutritious meals on the table for their children.
Unity in Diversity: Our community is diverse, and the Food Bank unites us in a common cause — taking care of one another. It's a testament to the heart of Edmonton.
Donate Non-Perishables: Consider contributing non-perishable food items. Every can and package makes a difference.
Financial Support: Monetary donations go a long way in ensuring the Food Bank can purchase fresh and essential items.
Volunteer Your Time: If you can spare some time, volunteering at the Food Bank is a hands-on way to make a direct impact.
Spread the Word: Raise awareness. Share information about the Food Bank on your social media platforms to encourage others to join the cause.
Remember, small actions collectively create significant change. Let's continue to make Edmonton a place where everyone has a seat at the table.
I have listed a property at 5921 South Terwillegar BLVD in Edmonton.
Use the link below for more information and to book a showing.
Welcome to this gem in South Terwillegar! Walk in and immediately feel at home in this 2-story half-duplex with an open concept main floor, warm, cozy living room, large windows letting in natural light, a 2-piece guest bathroom, a great island kitchen with plenty of cabinets, counter space, and tile backspash, and a spacious dining area with patio doors to the back yard. Outside, enjoy BBQ’s and entertaining on the large back deck and keep the snow off your vehicle with the convenience of the double garage. Upstairs, this home features two large primary bedrooms, each boasting its own full, 4-piece ensuite and walk-in closet. And stay comfortable all summer long with central A/C. All of this in a terrific location, conveniently close to Terwillegar South Park and all the shopping, restaurants, cafés and more along Towne Centre Blvd, with easy access to Rabbit Hill Road, the Anthony Henday and the rest of the city. Don’t miss this absolutely fantastic opportunity!