Witty  Singh

Witty Singh

Sales Representative

iPro Realty Ltd Brokerage*

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(647) 274 7572
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Value of adding an inlaw suite or finishing your basement ?

The basement of many homes is neglected, left undecorated and kept unlivable or not properly utilized. If you are one of these people that has held off working on your basement, I suggest you think again and should act now. Consider the incredible potential that lies just below the main floor of your home which is called basement. Think not only about the square footage that making your basement functional would add to your family's space or a second dwelling, but think too about all of the great ways you could put that space to use in a meaningfull way.

The average cost to legalize a finished basement is from $10,000 to $35,000 but the return on this investment is huge.The average rental value of 2 bed/1 bath basement apartment in cities like Toronto, Mississauga, Milton and Brampton are ranging between $1,600 ~ $2,200. The appreciation on a house which has legal basement apartment over another house without legal basement apartment is between the range of $25,000 to $55,000. So what a rate of return on your investment to legalize your basement. MLS SOLD data also suggest that the houses which had legal basement apartment are in very high demand and if anything is in high demand it is bound to yield good result. If you are looking to legalise your basement call Witty Singh @ (647) 274 7572 we can help you legalize your basement at no upfront cost and you can pay us when your house is SOLD.
 

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