Backyard suites, also known as laneway homes or carriage houses, are amazing ways to add value to your existing property, create an extra income stream, and bring more affordable rental units into the community. Let’s dive into the five ways a carriage house benefits its owners and inhabitants.
Building a Carriage House in Calgary: 5 Advantages
Additional Income: One of the most significant advantages of having a backyard suite on your property is the potential for additional income. Many homeowners choose to rent out their backyard units, providing a consistent stream of rental income that can help offset mortgage costs or contribute to savings.
Multi-Generational Living: It takes a village, and backyard suites are ideal for accommodating multi-generational families. They offer privacy and independence to adult children or aging parents while allowing them to remain close to the main household.
Increased Property Value: Without fail, adding developed square footage can significantly increase the overall value of your property. These additional living spaces attract potential buyers, making your property more marketable.
Flexibility: Backyard suites are versatile and can serve various purposes. They can function as a home office, art studio, guest house, or a place for extended visits from friends and family.
Reduced Commuting: Renting out your backyard suite can attract tenants who work in the area, potentially reducing traffic congestion and environmental impact by allowing them to live closer to their workplaces.
Your Trusted Carriage Home Builders: FLR Developments Calgary
Backyard suites offer a multitude of advantages, from financial benefits to increased property value and flexible living arrangements. However, they also require careful planning, adherence to local regulations, and financial considerations. Whether you're seeking extra income, accommodating family members, or simply enhancing your property's value and utility, backyard suites are a valuable addition to consider for homeowners looking to make the most of their space and resources.
FLR Developments has decades of experience to help you design, plan and build a high-quality and architecturally stunning backyard suite. If you want to make the most of your property in Calgary, Kelowna, or the Shuswap, contact FLR Developments for a complimentary consultation by filling out the contact form below, or by calling 403-980-2205.
WE CUSTOM DESIGN YOUR DREAM
Whether you want a custom luxury home, a stunning lake view spot, or the perfect commercial spot for your new venture, our team makes the process as straightforward, cost-effective, and simple as possible. From planning and design to permits and a third party warranty, we will expertly manage every stage of the process. We take the challenge out of new builds, so you can focus on what’s truly important: achieving your dream.
Want to know more about one of our developments and how we can get your project completed on time and on a budget? Contact us at (403) 980-2205 or fill in our online form.