HawthorneVillager.com

I bought a house with unfinished basement, just wondering what are the chances of renting it and earning income on it, if I spend some money to finish it. Do any of you guys doing the same.
And also if any if you guys can comment on what are the pros and cons of renting a basement.
Thanks

Parking may be an issue unless you have a double driveway.
There are also bylaws and codes if you want to be legit.

Matt

I have a double driveway so parking is not an issue, what I am interested in finding out is that how easy is to rent a basement in HV as compared to Mississauga

My understanding is that there is very little supply of affordable rental in town. A lot of people have rooms for rent, but not really apartments.

Matt

I think you'd be very successful with a basement appartment in this town seeing that there isn't very much affordable housing in Milton (plus people don't want it) so I think it's a good idea. My sis just got a basement appartment in town and it's so-so, so if you finish one, let me know and I'll tell her!

And most of the houses are not designed
to have basement apartement.
The people renting would have to come in
your house to access their
apartement.

Sandra

_________________
http://spaces.msn.com/greensburg101/ website update...Feb 13, 2009

Plus you have the worry of finding the "right" person to rent your basement. At our last house we rented the basement out to a professional man (a college teacher) and his daughter and it was a total nightmare. He seemed like the ideal choice for us but it ended up being a very, very bad situation. Make sure you are really sure that the little bit of extra cash you receive is worth the hassle.

Sure csb101 I will let u know once I finish the basement . I have a huge lookout basement with big windows and I can also make a separate entrance as well. If you don't mind me asking could you tell me how much rent your sister paying?

Well my sis lives in a basement appartment in Milton, she did her research so it's legal I'm sure. I believes she pays $800/month all inclusive.

Sorry terrikyle but basement apartments are legal as long as they meet fire and building codes. There is hundreds of in-law or basement apartments in town on almost every street. You should check with the Town planning department at (905) 878-7252 and the Fire Department at 905-878-9251 to have an inspection if you are not sure is the apartment meets the code.
Colin Best
Local & Regional Councillor

Well there has been safety issues before with basement apparentments but I think overall they are good because not everyone can afford to buy and there is not enough affordable housing in town. And it's a great way to suppliment your income or put towards mortgage

Does anyone know how much it will cost to make one bedroom apartment approx.

'effects the quality of the neigbourhood'...now that's a bold statement. Don't share your view there but you're still entitled to it.

For crying out loud! My one pet peeve about these kinds of message boards is how offended people get by other peoples' opinions. Who on earth could argue against what he/she said!?! If every house in a neighbourhood had another family living in the basement, simply the traffic would make the nieghbourhood less desirable, let alone everything that comes along with it. Who can argue with that? There is a reason that we all choose to buy houses in quiet subdivisions instead of living in appartment buildings. Just becuase you don't like crowds doesn't mean you're some kind of biggot! Grow up! And where does the race thing come into play?

Just ignore him/her. If you check out his past posts, they always seem to be in an effort to cause some kind of controversy or fight. He doesn't seem to offer anything or answer any questions.

It's pretty obvious that he's got no good argument here when he plays the race card that prematurely.

Anyways, back to the real topic, do renters need any special kind of permit, or does your appartment have to just be safe? Is there anything regulating the practice?