A-Z Property Improvement & Remodeling - Produits, offres, nouvelles

Are you looking to make your basement work for you? Converting your basement into an apartment or rental unit is a great way to earn extra income, and you could get back your initial investment and continue to have extra money to use as you need it.

So, if you rarely use your basement, you may want to consider turning it into something useful, profitable and renting it out is the solution.

First of all, Ensure that you can legally make an apartment in your basement

Check whether basement rentals are allowed in your region before you begin the process of renovating the basement to make it ready for rental.
Some municipalities have no restrictions on what you can do with your property, while others require you to follow certain zoning laws and regulations.
Turning your basement into a rental unit isn’t the same as finishing your basement, you need to make sure you have the necessary areas in your basement apartment:

• Living room
• Full bathroom
• Kitchen & Dining area
• Bedroom
• Storage area

 

Basement apartment Size & Design

The apartment size and the design you choose may affect the number and type of rooms in your basement. It can also affect how much a tenant can pay you to rent your basement.
You can charge more rent if you have more rooms, but this does not mean you should create as many rooms as possible. Keep in mind that basement space and design should be complementary, that’s mean choose a layout that perfectly fits your basement, regardless of the number of rooms.

 

What are the main steps for converting your basement into an apartment or rental unit?

1. Make sure your basement apartment plan includes a separated outside entrance: for legal reasons, fire safety and your renters’ convenience, you should Install an exclusive exterior entrance.
2. Install a separate heating and cooling system: Separating your new basement apartment’s utilities from the main house will allow you to easily split bills or turn them off.
3. Insulate the walls, floors and ceiling: Make sure that the floors and ceiling in your apartment are proper with waterproof and thermal insulation.
4. Soundproofing installation: This is not a mandatory step, but it is very important for your comfort and the comfort of the tenant as well. There are many ways to soundproof.
5. Set up the required electrical and plumbing systems.
6. Add Moisture Protection
7. Consult a professional Contractor: to give you right information and help you turn your basement into a complete apartment withing the budget.

How much does it cost to convert a basement into an apartment?

Any home renovation project can quickly add up if you’re not careful. You need to be careful when you undertake a home renovation project. In order to avoid spending too much money on your basement installation, it’s crucial to understand what’s needed as well as the estimated cost of the project. The cost for remodeling the basement can vary quite a bit. Your choices will be heavily influenced by how your basement is currently configured and whether or not you need a kitchen, a bathroom, and other essentials. Your budget is a major determining factor when it comes to knowing what you can do with your basement space.
It’s highly recommended to consult a qualified contractor who can help you in identifying your needs, discover your options and understanding the cost & required funds.
Contact our Basement Finishing experts in order to start your basement finishing mississauga project.

Things to keep in your mind:

Budget:
Setting a budget is an important first step in creating a basement apartment. If you already have a finished basement, you can expect to spend much less than if you were starting from scratch. Budget depends on several things, including the quality of the materials, basement size, required layout, basement repairs and improvements and others.

Duration:
Before you begin, check how long your contractor will take and if it fits with your schedule and plans.
Duration depends on budget (the more you pay, the faster you get your work done), it also depends on number of workers, quality of finishing and basement size.

Talk to a Contractor
Once you know what you’ll need and how much you’re willing to spend, it’s time to consult with a basement renovations contractor. Your contractor will be able to help you plan through the execution phase of the project. A consultation will help to identify crucial components of your home, such as the exterior entrance, the layout, the installation of separate heating and cooling, plumbing and electrical systems, and proper insulation and waterproofing. By doing this, you will get a better perspective on the renovation before diving into it.

Give Us a Call!
If you have questions, concerns or need any advice on your basement project, feel free to contact us! Our team is happy to help in your Basement Finishing Mississauga

Surprisingly, there are a large number of basements that remain unfinished. One reason is to save costs, and the other is to have considerable storage space. Once you have sorted your finances and are planning to expand your home’s square footage, you can consider finishing the basement and turning it into a functional space like a recreational room or guest bedroom. However, there are certain things that you need to take care of before finishing your basement.

Here is a list of things you need to get done before finishing your basement.

1. Access the foundation

When planning to finish your basement, you first need to check the condition of your home’s foundation. Over time, the foundation can develop serious issues like cracks in the floor and walls, soft concrete, unlatching doors and windows, and curved walls. Fix any of these problems before finishing the basement.

2. Look for code violations

You may face city code violations if your home is fairly old and the old contractor cuts corners when building the foundation. You may also have to get permits from city authorities depending on where you live and how old your home is. Your basement finishing contractor can help you determine your critical violations and permits.

3. Get rid of water issues

Basements are one of the first places where water damage happens in a home. Before you finish the basement, look for signs of water damage in your homes, such as leaks, mold, and rot. Fix the leaks and water damage before finishing the basement.

4. Invest in insulation

Many homeowners skimp on their basement insulation, believing they won’t spend much time there. However, you will be surprised to know that basement insulation can save you a lot of money in energy savings. Spray foam insulation is the most efficient insulation for the basement and helps you save more energy.

5. Inspect the ceiling

The ceiling is the next thing you need to check before finishing the basement. Most old homes do not meet the fire codes present today, and you need to change the ceiling height of your basement to match them before you can finish the basement. Also, check the plumbing, electrical, and gas lines that run along the basement ceiling to ensure they work correctly even after changing the ceiling height.

6. Work through the design

Once you have taken care of all the essentials, you can move on to designing your basement. Decide what you will use the basement for. Whether it is a gaming room, an extra bedroom, or a space to rent out, the clear purpose will help you make a better design. Once all the design elements come into place, you can coordinate with your contractor to start the construction project.

About Us

AZ Property should be your one-stop destination if you are looking for a reliable and affordable basement renovation near me. We have over 16 years of experience in home renovations and pride ourselves in providing high-quality, budget-friendly services. Our services include basement finishing, bathroom renovations, tile installations, and more. You can reach us at 416-666-1664