How windows can open doors for renting potential and property value
Windows can add light and beauty to any room in your home, creating a more open and spacious feel improving your quality of life while adding value to your home. If you are looking for the most value when completing home renovations, windows can make a real difference beyond resale value.
By installing Egress window walls, a homeowner can turn a dark basement into a valuable rental space. This is a great way to earn additional income in the Hamilton, Burlington and surrounding areas. Egress windows will brighten any basement, but they are also mandatory by law if a room is being used as a bedroom. They act as an emergency exit that will guarantee your tenant’s safety. Conterra Foundation is extremely familiar with local building codes in Hamilton and Burlington to ensure that your egress window satisfies all of the requirements set by law.
Rent your Basement to Students
With McMaster University, Mohawk College and Redeemer University all located in Hamilton, many students are looking for rooms to rent from one to four years while they complete their post secondary education. If you have a larger space to rent to a couple of students, or if your rental space could use some updating, students may be the perfect tenants for your space. Student rental rooms will go for anything from $600 to $900 per month in the Hamilton area, with full apartments between offered from $1,200 and $1,900 per month.
Commuter Basement Apartment
With the recent expansion of the GO Train services, commuters are interested in renting in the Hamilton and Burlington area now more than ever before. With the cost of living proving to become more and more unaffordable in Toronto, many city workers are happy to commute to work every day in exchange for reasonable rent and other expenses. If you have a more modern, finished space with proper egress windows, renting to a commuter might be the perfect use of space in your home. If you live close to the major highways or with great accessibility to public transit be sure to consider this option.
Families that are just starting out often come to places like Hamilton because of the cost of living paired with the job opportunities in the area. If you have an apartment for rent, consider finding a young family as tenants. If you have outdoor space that is also accessible to your tenants, this adds more value for your tenant, especially if they have children, and allows you to charge a premium rental price.
Egress windows are not a DIY job. If done improperly, you can do major damage to your house’s foundation. It will cost you much more to repair the foundation, that it would have to have a professional egress window installer to put the window in properly. Conterra Foundations puts in Egress windows that are up to code, and that are installed in a fashion so they won’t leak. For a quote on an Egress Window, contact us today.