Adding a rental unit – in a basement, on the ground floor or as an extension – turns unused space into a steady source of income. Correct planning creates an independent, comfortable and profitable unit that also raises the value of the property.
Independent planning
A good rental unit includes a separate entrance, a kitchenette, a bathroom and storage solutions, all within a compact area. Smart planning uses every centimetre and creates a sense of space.
Permits and services
A lawful unit requires a permit, and usually separate plumbing and electrics (and sometimes a separate meter). Doing it lawfully prevents problems with the authorities and with tenants.
A cost-effective finish
In a rental unit you choose durable, low-maintenance materials with a clean, inviting finish that attracts tenants. The right balance between cost and durability maximises the yield.
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