Basement Apartments
Basement Apartments are still the most popular second unit option for most homeowners. This is the most accessible and cost effective way of converting your single family home as basements are typically unused or under utilized spaces.
Chances are in your search for a contractor or as you think about converting your basement into an apartment you have come across similar lists of the benefits of basement conversions:
- Additional Income: Creating a basement apartment of course allows you to monetize an under utilized space in your home by turning it into an income generating rental unit. This additional income helps to offset increases in mortgage rates.
- Increased home value: Adding a legal basement to your home almost always increases your equity and home value. This is an attractive feature for prospective home buyers in our current real estate market and could separate your listing from the rest.
- Family flexibility: Creating a basement apartment increases your options with new and changing family arrangements. For example, If you have adult children that would like their independence but would like to save money on rent in today’s market they could utilize your basement apartment or if you have aging parents that would like to downsize and be close for you to provide support and care for a basement apartment is a great option.