Even having a wet bar in the basement can be a functional and fun addition to your basement. As for the other question it’s not clear enough, is there a common area? I get it, you need the money from the basement apartment or do you really? We learned quickly we were not landlords. and, everyone lies. Even into my bedroom. For many people, living in a basement suite is preferable to dealing with bedbugs and cockroaches endemic to “affordable apartments” Plus you can get to live in a much better neighborhood, for people with kids, schools are important. If you are in an area like mine where you can get a one bedroom apartment in a building for the same price as a basement…it really is hard to get decent people. Too cold, here’s a blanket? In some cases, a basement apartment will have both a front door and a back door. Why I choose basements over large apartment buildings? It’s not nice to look down on the demographic who rents basement apartments when homeowners who need to rent out their own homes for the extra income aren’t so well to do themselves. I know there are shitty landlords and when I start a complaining tenant blog, I’m sure I’ll have lots of submissions. Which is a little high. But then again, I’m pretty biased . One simple word; bed bugs. Awesome stuff! The city of Toronto wants $27,000 in development charges for a third unit in a house. My apologies for insulting you I did not mean to do so. Then afterwards when the situation stabilizes…things get better. If I was faced with that choice, I’d eat too. For many landlords what seems like a great benefit just isn’t by the time you calculate all the time required. If you think that basement apartments are a “goldmine” I’m sure you’ve carefully calculated out the extra utilities paid, extra management costs, associated legal expenses and headaches. Still, I think people are well advised to heed your warnings though, especially the part about what area they are in. 7-People throwing used needles into the back yard. So lots of reasons, for an apartment not to be legal, most of them don’t have to do with safety. Put to good use you could make a fortune with that thing and there is no extra utilities or pot/cigarette smokers to deal with. If you happen to be in a great area, you will get a decent tenant profile in a basement apartment and so go ahead and rent it out. For starters, since a basement is a room that’s wholly or partially underground, water from beneath the ground can seep into the room. Now Im not much of a joker but I thought the earplugs was funny. You will find some people that can read a credit report and interpret it. Many houses and apartments have basements, particularly in northern areas of the United States and Canada. I advise they call around to other landlords who are renting basement apartments and find out what the tenant market is like before deciding to renovate and rent their basements. SMH. this became a regular thing. And guess what…then it’s not affordable and it’s not profitable. But there are some disadvantages to be aware of as well. With an apartment? I live in a basement apartment right now…its 20 minutes from the city…in the country. I am a know it all bitch and I am entitled to my own opinion. As a single mother, I figured I could live in a quieter, more family friendly neighbourhood for the same price as a bachelor or one-bedroom nearby. Please dont say demolish the house or move out it took a lot of looking to get this apartment. Ground-floor apartments are sometimes less expensive than units on higher floors, can come with private outdoor spaces, and simply make more sense for folks with babies in strollers, dogs to walk, or mobility issues. Oh. Many years ago, I was that new landlord – never again! Snow fall is a real pain. No matter how good my landlording skills are I cannot affect physics. My landlord provided me with an electric heater that looks like a radiator. More awesome. For instance I get very good tenants in condos usually and whole houses…. The landlord doesn’t feel like parking in the garage, and you can’t park out front. By clicking “I agree” below, you consent to the use by us and our third-party partners of cookies and data gathered from your use of our platforms. Brampton has subdivions that were built with lovely 3 bedroom upper and lower units and they shut down tons of these apartments if the owner did not have proof dating back to 1994? 8-Landlords cats playing with the springy door stop(yeh…it’s funny unless it is happening to you at 0300am). May 9, 2012. (I own. My current landlord had a leakage problem within the bathroom he kept telling me he would fix. We rented our 2 bedroom basement to a “friend” a single mom. As I told you my office is in my basement and I have a little space heater down there. This content is currently not available in your region. About four years ago, when I left my husband of 20 years, I rented a basement apartment. Young children will make noise running across the floor above you, as will dogs. A space heater is just necessary for the space to feel comfortable. Not All Finished Basements Are Basement Apartments. 1-SPIDERS…Too many damn spiders!!! And get a life and stop replying to everything. He’s not inexperienced at being a landlord so im going to say he’s just a DOUCHE and if someone ever injures themselves due yo his negligence he will get sued. They leave me alone…i see them once a month when i Pay my rent. When I moved in a guy lived in the basement and had been there for five years. If it seems too good to believe it probably is. We always paid our rent on time, were clean and are quiet types. I don’t think I’ve ever discussed the idea some homeowners have had to over improve […]. I enjoyed the straight-cut delivery of this article. Why should I give you an unsecured line of credit for an apartment? Plus here’s a secret, a whole house attracts the very best tenant profile of all. When I told her she was not allowed to do that, she informed me that “mommy lets me do this”. I have had really great tenants here and in other basement apartments. I can honestly say that basement apts were cheaper. Don’t confuse Nimbyism with truth. Thanks. Im in similar state with arthritis and other medical conditions. Depending on where you live an “apartment” is not an option. The slum Lord here clears the ice and snow from his walkway and stairs but not mine. My basement apartment help pay off this house, so I’m grateful but surprise surprise no one gave me free money at different points I had to give up the backyard, one tenant in particular liked to invite her family over for beer drinking parties, One of which involved people playing golf in my vegetable garden . The source of all evil is probably a basement apartment. And some of them are liars. They were designed to store your stuff and furnace. There’s unfortunately a lot of angry, defensive comments on here, defending being a basement renter or a basement landlord. The advantages of using precast concrete is the increased quality of the material, when formed in controlled conditions, and the reduced cost of constructing large forms used with concrete poured on site. You also agree to our Terms of Service. Not everyone who rents a basement suite is a problem. 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