I’ve always found the rise and fall of housing trends inOttawa incredibly interesting. Of course, staying on top of these patterns is also a vital aspect of our career. One surging trend in the Ottawa housing market is the in-law suite – and I believe this one has real staying power
“In-law suite” is the name most commonly given to
self-contained apartments within a larger home, whether or not the occupants
happen to be in-laws. Family custom is, however, one of the main reasons for
the growing popularity of these secondary suites. While there have always been
Ottawans who value multi-generational living, their number is steadily
increasing as Ottawa continues to receive the most family-related immigration
in Canada. For many of our newcomers, living in close proximity to grandparents
or extended family is the cultural norm.
The other significant group interested in secondary suites
are those who have realized the terrific income potential of such spaces. With
its many contract workers and post-secondary students, Ottawa has no shortage
of renters. While zoning by-laws make secondary suites a no-no in some
jurisdictions, the City of Ottawa (excepting the former Village of Rockcliffe
Park) has no such restrictions, as long as by-law conditions are followed.
More often than not, in-law suites are basement apartments,
although they’re occasionally located on the second or third floors. They
possess private entrances, bathrooms, kitchens and sometimes laundry
facilities.
Renovating an existing Ottawa home to accommodate a separate
suite can be expensive, and unforeseen complications may arise. The beautiful
thing about including a secondary suite when purchasing a new home is that you
can have everything built to your specifications, rather than being limited by
the existing structure. Some builders make a specialty of in-law suite homes,
with a portfolio of available plans, but others are happy to alter standard
plans for a fee.
A few things to consider:
• Basement
apartments aren’t noted for their great natural light. Invest in great
lighting, making good use of pot lights. Where possible, install
larger-than-typical windows.
• Include a
bathtub in the bathroom to appeal to as many tenants as possible.
• Features
such as a double driveway, soundproofing panels and separate gas and electrical
meters can make everyone’s lives easier.
With a thoughtfully designed suite, the income – or the
in-laws – will be sure to roll in to your Ottawa Home!
Visit www.bennettpros.com for all your real estate needs.
Visit www.bennettpros.com for all your real estate needs.
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