More Space For Your Family
With the increasing need for housing in the city of Burnaby, laneway homes are an affordable option. Due to the recent surge in the price of rentals, it has become increasingly difficult for the families to afford houses with good neighborhoods and laneway homes are the perfect solution to tackle the growing housing problems. It provides additional space for the extended families who might be looking for a solution that keeps the family together but allows them separate space and privacy as well.
Owning a laneway house increases the chance of getting a higher bid if you decide to sell the house. The addition of a laneway house will be an attractive offer for the possible buyers as it adds value to your home. It improves the sustainability of the area and develops an opportunity for the rental housing stock to grow rapidly.
Laneway homes are an excellent way to increase the value of your property. If you build a laneway house on your property, depending upon its design, you would possibly see a significant increase in the value of your home. One of the best features of having a laneway house is that it serves as a great option for extra income. You can rent it out for long- or short-time frames and generate smooth extra income.