The Value of A Secondary Suite
Posted by Ken Richter on
A great way to make money out of an investment property or a recreational property is to rent it out. The rental market is big in Calgary, because many people seek temporary residence here before buying. Calgary also has a massive student population, many of which need spaces to rent for the school year and summertime. This means that if you have a nice property, you can easily make money that will help you repay what you spent on the space.
Secondary suites will add tremendous value to your property should you sell one day, and are a fantastic way to help pay off your mortgage faster. There are many rules and regulations you need to be aware of if you want to rent out a legal suite, so make sure you do some research!
It is easy enough to find…
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