Renting my basement made me mortgage free at 45. Word of advice, rent to a elderly person who does not want to be placed in a retirement home who is still independent. Best decision I made, also when I needed an emergency babysitter she was there for me. 😊

I’ve rented a basement suite before. I had my own entrance. The only time I spoke and saw my landlady was when I signed the lease.

I'm 75 and living in a newly finished, legal basement suite with walkout to backyard and driveway parking. Yes, I hear noise from upstairs, even with special sound proofing. But in a friendly neighbourhood with a landlady who has University student son. Sometimes gets cold so I purchased a small heater if I don't want to turn on the gas fireplace. Pay the same as a normal apartment, but have a backyard which I would not have with a high rise. And landlady always volunteers to drive me to doctors appointment. Be respectful, and always pay your rent on time, and things will work out for both. Years ago I was a landlord, and it was nothing but hassles, so I can appreciate a well cared for home.

I hated being a landlord, and it was a completely separate house! This is a huge suite. It is a tough choice.

No because I don't want to live in a house with strangers

@joshuaadams6565

11 ай бұрын

Could let a friend stay 🤷‍♂️

@waniadanish7099

10 ай бұрын

You barely see them and they cant do anything cause the door to the normal house is locked

@Baggravation

10 ай бұрын

Are you an adult or a child? 🙄

@orethawitcher3133

10 ай бұрын

Exactly

@scizzer3101

9 ай бұрын

U less there is a common entrance and no door to separate also having tenants doesn’t make it feel like you’ve “made” it nor does it give freedom/peace in your own home

U forgot the #1 con- FLOODING

I paid off all 4 of my houses with the help from renters. I was always cool and did not raise the rent unless they were trouble.

Builders cut corners they save money on noise control wall or insulation between basement Ceiling and upper floor. Even if someone Walking upstairs people from downstairs can hear them.

I love 😅how create your are,I’m listening this for twenty years 😢

Yeah well If you need an renters to help pay for the mortgage. Maybe you should buy a house with a smaller payment...

Yes I'd love one someday

Why isn’t there a separate entrance? Why are the basement windows so short? If anything, it looks like an in-law suite, so it likely would be used by another family member.

Yes

Looks like a great place for a music studio

Nice video

Friend has one. said the dudes chill doesn't see them it's like an apartment different people in different stories

I'll bet you big money that a slumlord rents out the top floor for 2k+ and the basement for 1.8k

@marcgbrule

11 ай бұрын

For that property more like 3k for the upstairs and 1.5k for the basement

@noobslayer10101

10 ай бұрын

O boy lol the whole fuck landlords movement. Inflation happens and they own the spot. They aren't gunna let you live there to break even. Honestly a lot of landlords I have started off humble. Bought a cheap apartment when they could saved, got a down payment for a house and used the apartment as rent to pay their mortgage and have a few hundred extra per month whether that goes to bills or whatever they want it to. Depends on location too. Here in Edmonton there are literally 2 bed 1 bath places for a grand but you have to be ok with living in low income areas. Clearly this place is a bit more modern and new and if that basement suite wasn't built like that from the ground up converting it would cost quite a bit to make it a legal space to rent.

@swilhelm3180

6 ай бұрын

@@noobslayer10101 He's resentful of the financial discipline of others.

Nicely done! Can the owner put soundproof ceiling so to stop the noise coming from the basement? How much will it cost to rent it on average please?♥️

@SwiftyloverUwU..

11 ай бұрын

In the next couple years renting that basement is going to be 1300 to 2,000 easily

@noobslayer10101

10 ай бұрын

That'd add to rent.

Always get it tested WELL for radon, in several locations in the basement. Mail in units don't work for this. You need to buy a radon detector. About $300. A big plus is that if someone drops something you won't hear it above them. Basements are great if you like to listen to bass, as long as the floor is solid. Some aren't. You can jump around and nobody will know. They offer a lot of freedom this way that people don't realize until someone is above them.

If it’ll benefit you in the long run sure, you can also rent the whole house in the future so more income/money to pay for the house or something

My sister and I might buy this kind of house and I'll take the basement. After we pay if off quickly we'll sell the house and use our money to upgrade to houses of our own

Just insulate your floor joists and double layer the lid with soundbar

I would never be a landlord, I can't afford to buy a house.

@ozymandias3329

11 ай бұрын

My uncle owns two houses in Calgary, he's almost a million dollars in debt

@Lunishta

11 ай бұрын

@@ozymandias3329 why would someone do that to themselves. I had a breakdown over being $6000 in debt.

@psychoblack1411

11 ай бұрын

just be lazy and get other people to pay for it like rental people do ..

@Lunishta

11 ай бұрын

@@psychoblack1411 I would also never want to be an exploitative pos like most landlords are

@noire9601

5 ай бұрын

​@@LunishtaFacts.

Washing machine in dining room wouldnt bother me at all. I would just have a cupboard built around it to hide it

The side entrance does not appear to be block off from the rest of the house?? Not safe!

@noobslayer10101

10 ай бұрын

Well you're renting from the ppl that live upstairs they will always have keys up there. Something to consider when you live there.

@Baggravation

10 ай бұрын

It's relatively inexpensive to put up a door, with a lock 🙄

@ambulanceroid

10 ай бұрын

Mate it's a showhome. A lot of showhomes will not out a door in high traffic areas to prevent damages. They'll put it in after it is sold.

My mother has one in haysboro sw calgary. She rents it out and gets decent mont money

i would only say make sure your suit has alot of windows or plenty of light.

Live in the basement.

choose who you rent to, like that the noise aspect is gone

Yes, but only for family to stay in

Barely any sunlight down there

@thedripgodz2

11 ай бұрын

If ur living in someone’s basement sunlight is the least of your worries

@waniadanish7099

10 ай бұрын

Being cold is your most worry

Yes because my family members can live there. And they can give me money 💰

So that suite is dangerous and almost certainly illegal by lacking proper fire egress in the show bedroom

He missed the big one taxes

Con, if you get a jerk of a tenant. Go elderly like others say. Really vet them. Get references. It is a ten or a one when renting it out.

@kevinb2264

9 ай бұрын

There is a battle that was going on in Edmonton, about a Seniors Apartment complex. Everyone was like 50 plus for old people, but it was discrimination to non old people. Last i heard, they had to start to let everyone in. @@Hollywoodbearluv

Looks like no egress window so it’s illegal

@freedomartwork6950

9 ай бұрын

Look at the bedroom shot again...there's a huge egress window to the left of the bed.

I'd have 10 if I could

Is this an illegal suite?..it's nice. There isn't a separate entrance...

@freedomartwork6950

9 ай бұрын

He starts in the upstairs living room, as he goes down the stairs and says " side entrance," you can see the door for the basement entrance. There's also an egress window in the bedroom. Completely legal.

Doesn't have a separate entry, that's not a legal suite.

its not a basement suit if its still attached to the upstairs with no seperation

Nope. It’s hard to kick out tenants and they can destroy your property.

Increased property value = increased property taxes

i make these with my boss in yyc. private entrace!! and smart thermostats

Dude you need to read your comments ive been saying this in multiple videos go look at some show homes in harmony just outside of calgary

😂😂😂 no

Pretty sad that this generation of homeowners needs to count on income from renting their basement out to meet their monthly mortgage obligations.

they are literally building houses with renters in mind and its absolutely trash and alarming.

Until it gloods

Wassup with that hat my boy?

Don't buy a house you cannot afford. Then you won't have to have a basement. Suite and you don't gotta worry about it.

Nope.. society is too tight as it is

When did bieber get into real estate 😂

@obn1459

9 ай бұрын

lolo

Increased risk of fires. Stolen shit. Parking issues on the street. All of your tenants friends and family having access to their suite, and by extension, your home. If your tenant has a hidden mental health problem, you'll learn about it in the middle of the night when they come wandering upstairs. There are a lot of cons.

@p.be.s

11 ай бұрын

With corruption lately, illegal suites are now accepted as legal… the requirements for legalizing have been compromised.

@Justaguyyoutubin

11 ай бұрын

@@p.be.s Eh, the Land Use Bylaw hasnt changed much in relation to legal suites. There are certainly changes to zoning and garage suites are becoming more acceptable. I actually dont have any issues with the requirements for legalizing, rather this particular setup with shared entry and no separation to the downstairs suite. This is a recipe for disaster. It also compromises the tenants rights as this would not be considered a separate suite and the landlord would fall under the inkeepers act; meaning that they can essentially evict you without notice as this is their primary residence. Its worse for both the tenant and the landlord.

Nope! I’d rather live alone, people are drama!

nope.

No!

Way too open

You pay more properly tax: con

I have one that I rent out, no access from basement to our living space which is great. Honestly not as inconvenient as I thought it would be and more than half my mortgage is paid

Nope!

I know a woman that rents every room in her home. Usually older working men. Lunches and meals included. 7 hundred per room. 8 rooms. Who's the fool. Single working men love this. I know I do. Plus i work away from home. So I know my things are safe when im away.

@noobslayer10101

10 ай бұрын

Hahaha sounds homosexual. Nothing wrong with that tho.

I just got a beautiful condo in Calgary for $200,000 it's got laundry is got a dishwasher a nice view trees everywhere a pool tennis courts and a pretty well-equipped gym

@misterysmithers8566

11 ай бұрын

And it also has fees that will continually go up, but don't worry, it's only forever.

@SwiftyloverUwU..

11 ай бұрын

The housing crisis in Vancouver and Toronto is coming to Calgary and Edmonton there was condos in Vancouver that were $200,000 and now they're worth well over 1.5 million dollars so I don't give a f*** if the condo fees go up that'll retire my ass

@larabraver

11 ай бұрын

Wow, that’s a great price, congrats! What part of town is this?

@SwiftyloverUwU..

11 ай бұрын

@@larabraver sw

@misterysmithers8566

11 ай бұрын

@@larabraver lol, forrest lawn

I have a separate basement apartment that pays my mortgage plus $300 per month. Would recommend.

@noire9601

5 ай бұрын

Thief

Basements are for bunkers and storage, show me a home with a bunker

Yes