Having a “secondary suite” or “basement apartment” can be a great way to add to supplement to your income, offer additional living space for grandparents and grow the resale value of your home. However, it can also be the source of all evil. These type of settings are the source of landlord/tenant issues when the landlord lives upstairs or tenant issues when another person lives upstairs.
If you’ve already heard about the pros or benefits of renting a basement apartment, you may want to think through exactly what you’re getting into. Just like any home, basement apartments have a lot of good things for them, accompanied by some not-so-good things that are particular to living, well, somewhat underground. So whether you’re planning to rent your basement or renting one, here’s what you need to know.
What’s a Basement Apartment?
This type of apartment is located on the bottom floor of a building that comes with strict requirements in order to be legally rented out. The ceilings should be at least 7 feet high, they must have a window in every room, at least half of their height has to be above street level, and the walls need to be damp-and-water-proofed, are among some of the rules and regulations.
The Cons of Basement Apartments
Most basement apartments can have lower ceilings or tight doorways. Measure your furniture prior to signing the lease. We highly suggest that you walk around in the apartment a bit to make sure the low ceilings don’t trouble or stress you out, just like if you stretch in your basement apartment, you can already touch the ceiling.
Yes, basement apartment can be pretty annoying since sometimes they are not soundproofed the same way other apartments and multi-family complexes are. Especially, if there are tenants above you and they try to tour the house after business hours when they might be home. You can easily hear them walking around, dogs barking, the sound of TVs, and etc. If you can’t deal with loud neighbours, then that can be a big problem.
Absence of Natural Light
Small, high-up windows might signify more privacy, but they can also convey that you won’t get as much natural light in your apartment. Although your apartment may not be gloomy, having proper natural light does still make a difference. So try not to miss the sun from coming in.
Difficult to Manage
It becomes the hardest property to manage because of the tenant issues will drive you crazy, and the quality of tenant you get. You can easily trust the people who’ll live under your basement, who knows if they have bad manners or even dirty, which can even be worse than that. right? Basements are not cool sometimes.
The temperature in basement apartments can be a bit tricky since it has advantages and disadvantages. If the heat rises, they normally tend to remain cooler during warmer months, however, it means that they can be extremely cold during winter, also. Discuss this matter to your potential landlord and ask if you would be responsible for heating. If you are, then you may get some approximate for how much the previous tenant spent so you can budget accordingly.
On the Note
If you can’t really find decent tenants, or you are not impressed with the people you’ve had, then you might want to consider renting out the duplex as a single-family dwelling and getting some peace and quiet.
Author Bio: Ivandrea Ollero is a writer for Wincrest Bespoke, one of Sydney’s well-renowned home builders who offer custom-designed homes that blend elegance, space, and functionality to create a perfect match for families, suburbs, lands, and lifestyles. She is also a content crafter who researches and writes custom content about travel, fashion, finance, business, home improvements, health, and beauty in order to provide helpful information and tips for her readers. Ivandrea graduated from St. Scholastica’s College, Manila, with a Bachelor’s Degree in Broadcast Journalism in 2016.