Advantages of Buying Homes with Suites
- Makes your house more affordable because a renter is paying down part of your mortgage.
- Allows for passive income. Secondary suites don’t take a lot of time and energy.
- Adding a secondary suite typically adds a lot of value to your property.
- You don’t have to purchase another property to be in order to have an income property. If you have a basement you can make into a legal apartment then you can be a landlord. Ask Us which properties this can be achieved Legally.
- You can deduct certain expenses from your income – reducing the taxes you owe.
RE/MAX Platinum Realty