Jason Hafso : Blog posts labelled: invest

Unlocking Potential: Adding a Secondary Suite to Your Edmonton Home

Posted on November 22, 2023 by Jason Hafso

Posted in adventure, benefits, budget, buyers, challenges, city, construction, costs, design, edmonton, electrical, entrance, expenses, greenspaces, home, homework, income, invest, investment, landlord, layout, move, perks, permits, pitfalls, plumbing, project, property, regulations, renovating, renovation, rental, safety, sell, suite, tenant, value, walls, wiring, zoning

Unlocking Potential: Adding a Secondary Suite to Your Edmonton Home

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.

Costs

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.

Permits

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.

Things to be Aware of

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.

Potential Pitfalls

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 Be prepared for unexpected challenges, like outdated wiring or plumbing issues.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.

Benefits

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.

Other Considerations

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

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Maximize your small space

Posted on October 1, 2022 by Jason Hafso

Posted in clutter, entertaining, environment, family, friends, invest, office, planning, solutions, space, tools, toys, windows, work, workstation

(NC) Unless you’re living in a seven-bedroom mansion, chances are you’re like most Canadians: trying to make the most of your small living space. From studio apartments to three-bedroom family homes, most of us are craving more space, particularly when home is also the office.

Maximizing your small space to include an office is not an insurmountable challenge. With the right tools and a little planning, you can bring the benefits of a much larger space to wherever you work.

1. Get a desk that works
Though you may love the look of something larger, chances are you can make do with a compact desk. Measure your workstation and see what makes sense, taking into account the space you want versus what you actually need. Pro tip: an adjustable standing desk can give you the option to stretch your legs throughout the day.

2. Invest in an ergonomic chair
Considering this is where you’ll be sitting for eight hours a day, investing in the right chair is crucial. Find something with various controls so you’re at a comfortable height, with feet flat on the floor and elbows and wrists straight when typing.

3. Clear the clutter
Extra pens and pencils, papers, folders, and empty coffee mugs and dishes…when you’re working in a small space, every item takes up room both physically and mentally. Combine regular work breaks with bringing dishes to the kitchen and store loose items in a box or drawer.

4. Put two screens in one
Multiple screens were great at the office, but at home, it’s rare to have the space for extra monitors. The LG UltraWide monitor has a single stand and curved screen which can show multiple windows at once, making it easier for you to multitask at work.

5. Make use of sleek backgrounds
By now, we’ve all seen the hilarious (and not-so-hilarious) backgrounds available for virtual calls. While they can be entertaining, they also serve a helpful purpose: hiding your unmade bed, scattered kid toys and dirty dishes.

Using your space wisely will contribute to a more relaxing and productive work environment so that at the end of the day you can reconnect with family, friends or your adorable pup. To check out more productivity solutions, visit lg.ca.