When it comes to renovating a property into a multi-unit with one or more income suites, there are a lot of things to consider.
Some of these will be cosmetic, like a neutral shade of paint or modern fixtures, but there are a few essentials that no responsible, legally-compliant landlord should skip out on.
These include:
Separate entrance for the income suite
Parking
Water-proof bathrooms, kitchen, laundry
Ceiling height
Fire separation
Egress window for each unit
Sound proofing between units
Don’t forget to get permits before you start renovating
In this video my husband Marty and I take you through a property we purchased and go over the renovations we intend to do and why they are important.
#keyspire #realestateinvesting #incomeproperty #incomesuite #renovation