In the ever-changing and evolving landscape of home development and ownership, you may have heard of the term - “legal suite”. You may be confused about what they are and why everybody is talking about them, but have no fear! This post should clear up any misconceptions about legal suites and maybe give you an idea of how to unlock the full potential of your home.
What is a legal suite?
A legal suite is a separate self-contained living space within a single-family home or on the same property as the main dwelling. The key characteristic of a legal suite is that it complies with legal zoning and building regulations, meaning it can legally be used as a rental unit or additional living space.
In Calgary, a suite may be “legalized” if:
The suite includes a bathroom, cooking facilities, and sleeping/living facilities.
The suite is accessible from the outside without coming into contact with the main dwelling unit.
The suite was built after March 12, 2018.
The suite is located in the same building as the main residence and not a detached garage.
The rules and legislation around legal suites can differ in other municipalities, but this information is easy to find online.
Legal suites are different from “backyard” suites, however. A backyard suite is detached from the main residence and is more costly to construct since they are an entirely separate structure as opposed to a legal suite.
More information can be found on the City of Calgary website: https://www.calgary.ca/development/home-building/secondary-suites.html
What are the benefits of having a legal suite?
1. Supplementary income stream
In the current economic climate and housing bubble, having a legal suite can be extremely appealing from a financial standpoint. By adding a legal suite, you have the opportunity to generate consistent rental income, helping you offset mortgage payments, utility costs, and even contribute to your savings.
2. Enhanced property value
Your property is more than just a place where you live - it is an investment. Incorporating a legal suite is an enticing feature for potential buyers or renters who can use the space as extra income. Even if potential buyers do not plan to rent their legal suite and instead use it as their own living space, the added versatility of your property can make it stand out on the market.
3. Future-proofing your home
Change is inevitable, and your home becomes a dynamic environment due to the implementation of a legal suite. Even if you plan on keeping your legal suite to yourself, you can always rent it out or give a family member or friend a place to stay if needed.
How can you build a legal suite?
It is essential to hire a knowledgeable and experienced contractor who understands legislation when it comes to legal suites in your given area. This way, your legal suite will comply with all the rules and requirements of a self-contained living space which ensures the affordability and timely completion of the project.
At Frame Bros., we are experienced when it comes to building legal suites in Calgary. We have built several legal suites and understand the features needed to legalize your suite and stand-out to potential renters or buyers. Whether you are looking to build a new, custom home or renovate your existing home, we want to help you increase the value of your home and protect your investment in the long-run. Contact us today to get started!
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