Adding a Secondary Suite to Your Home

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Jaime Carrion has 2 Published Articles

United States of America,
Florida,
Sarasota,
1801 Main St.,

Adding a Secondary Suite to Your Home

Posted On : Nov-17-2011 | seen (285) times | Article Word Count : 424 |

Today, the idea of a secondary suite is appealing to many homeowners. Those who do not currently own a home or never have, often purchase a home with the intention of renting out part of it. This is often because it would be too much of a financial strain to cover their entire mortgage each month. For people who own a home already, building or renovating a space into a secondary suite is a desirable project for many reasons.

If a home was originally built with a suite, much of the legal and safety considerations have already been taken care of. So anyone planning on building one must first consult with their local government to ensure that a secondary suite is legal, and find out what requirements are mandatory. Bylaws differ by jurisdiction. If you've moved into a home that was already built with a secondary suite, it is still worth it to ensure that it is up to code and meets fire standards and other safety requirements. There is no sense preparing to find tenants, only to find out that the dwelling isn't legal.

Creating a rental unit can make it much easier to make mortgage payments. Constructing a suite in your home requires organization and careful planning. After learning the bylaws and requirements in your local area, you'll be able to start the process of the renovation. It's useful if you can undertake any of the project yourself to save money. However, if you are not skilled or knowledgeable in this area, you'll want to consult with and hire a professional. This may be your best option to get the job done quickly and correctly, so you'll be able to generate the additional income quicker to cover the expenses you put out.

Completing an unfinished basement or area of the home will appeal to potential buyers when the time comes to sell your home. It's important to plan out the creation of the suite, to save as much money as possible. This will help you to get the largest return on your investment, and make sure that the renovation was truly worth it.

A secondary suite is a likely way to add value to a home, which will be an added bonus when its sold. Keep in mind, however, that an increase in the value of your home may result in higher property taxes. Also, you'll want to notify your insurance company about any changes to your home to ensure that you are fully covered.

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<h1>Adding a Secondary Suite to Your Home</h1> Author: <a href='http://www.articleseen.com/profile_Jaime Carrion.aspx'>Jaime Carrion</a> Today, the idea of a secondary suite is appealing to many homeowners. Those who do not currently own a home or never have, often purchase a home with the intention of renting out part of it. This is often because it would be too much of a financial strain to cover their entire mortgage each month. For people who own a home already, building or renovating a space into a secondary suite is a desirable project for many reasons.

If a home was originally built with a suite, much of the legal and safety considerations have already been taken care of. So anyone planning on building one must first consult with their local government to ensure that a secondary suite is legal, and find out what requirements are mandatory. Bylaws differ by jurisdiction. If you've moved into a home that was already built with a secondary suite, it is still worth it to ensure that it is up to code and meets fire standards and other safety requirements. There is no sense preparing to find tenants, only to find out that the dwelling isn't legal.

Creating a rental unit can make it much easier to make mortgage payments. Constructing a suite in your home requires organization and careful planning. After learning the bylaws and requirements in your local area, you'll be able to start the process of the renovation. It's useful if you can undertake any of the project yourself to save money. However, if you are not skilled or knowledgeable in this area, you'll want to consult with and hire a professional. This may be your best option to get the job done quickly and correctly, so you'll be able to generate the additional income quicker to cover the expenses you put out.

Completing an unfinished basement or area of the home will appeal to potential buyers when the time comes to sell your home. It's important to plan out the creation of the suite, to save as much money as possible. This will help you to get the largest return on your investment, and make sure that the renovation was truly worth it.

A secondary suite is a likely way to add value to a home, which will be an added bonus when its sold. Keep in mind, however, that an increase in the value of your home may result in higher property taxes. Also, you'll want to notify your insurance company about any changes to your home to ensure that you are fully covered. About the Author: Search for <a rel="nofollow" href="http://www.sarasotaarearealestate.com/downtown-sarasota-condos.php" target="_blank">Downtown Sarasota condos</a> at SarasotaAreaRealEstate.com. View more <a rel="nofollow" href="http://www.sarasotaarearealestate.com" target="_blank">Sarasota homes</a> with our easy to use MLS Listings Search. Article Source: <a href='http://www.articleseen.com/Article_Adding-a-Secondary-Suite-to-Your-Home_105994.aspx'> http://www.articleseen.com/Article_Adding a Secondary Suite to Your Home_105994.aspx</a>

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Search for Downtown Sarasota condos at SarasotaAreaRealEstate.com. View more Sarasota homes with our easy to use MLS Listings Search.

Keywords : secondary suites, rental units, home improvements, renovations, remodeling, taxes,

Category : Home and Family : Home Improvement

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