Curious how you can generate income with a home addition in Abbotsford? Sayers Contracting would love to give you some ideas on exactly that!
How to Generate Income With a Home Addition in Abbotsford
Adding a home addition can be a smart way to increase your living space and potentially generate additional income. Here are some ideas on how to generate income with a home addition:
- Rental Unit: One popular option is to add a separate living space that can be rented out to tenants. This can be a basement apartment, a guest house, or a separate unit above a garage. By creating a self-contained living space with its own entrance, kitchen, and bathroom facilities, you can generate rental income on a monthly basis.
- Home Office: Another option is to create a dedicated home office space that can be used to run a business or as a workspace for remote work. Many people now work from home, and having a well-designed and functional home office can be appealing to renters or even potential buyers if you decide to sell your home in the future.
- Airbnb or Short-term Rentals: If you live in a popular tourist destination or an area with high demand for short-term rentals, you could create a home addition specifically designed for Airbnb or other short-term rentals. This could be a bedroom suite with an ensuite bathroom, or a small studio apartment with a kitchenette. Short-term rentals can often generate higher income compared to traditional long-term rentals, but be sure to check local regulations and obtain any necessary permits before proceeding.
- Home Gym or Studio: If you have a passion for fitness or a specific hobby such as art or music, you could create a home addition dedicated to that purpose. For example, you could build a home gym with exercise equipment or a dance studio with mirrored walls and a soundproofed floor. You could then offer classes or training sessions for a fee, generating income from your hobby – or save money on a gym membership for the entire family!
- Home Caregiving: If you have experience in providing care for the elderly or people with special needs, you could create a home addition designed to accommodate caregiving. This could include adding wheelchair accessibility, grab bars, and other features to make the space safe and comfortable for caregivers and their clients. You can then offer caregiving services and charge a fee for your services.
Ready to get started on your home addition in Abbotsford – or the surrounding communities? We can help!
Addition and Renovation Services
As mentioned on our home additions page…
Home updates are recommended every 15-20 years, but it can also be done sooner. Whether it’s done to improve your home aesthetically, increase functionality, improve energy-efficiency, enhance curb appeal or fix outdated settings. It’s likely that by doing so, you also increase the selling value of your home.
We are focused on constructing beautiful spaces for your home, whether the job is big or small, our professionals can help you every step of the way.
Contact us to discuss your dream Home Addition in Abbotsford. We would be thrilled to help!
Also, feel free to read up on how to make your home addition project go smoothly. From keeping a journal to doing daily walk-throughs – courtesy of this HGTV blog.