There are numerous reasons why more and more people are flocking to the laneway home movement in Vancouver, Maple Ridge and parts of Surrey..
Laneway houses are quickly becoming a sought after addition to any property (giving property owners another stream of income month after month). You may be surprised to know the relatively small price tag that accompanies most laneway houses in Vancouver or anywhere in the Lower Mainland; a true testament of value in the real estate market, especially considering most laneway homes can be paid off within 10 years. What’s more, not only will your home enjoy a nice increase in value when you sell, but you’ll receive a consistent stream of rental income from it. Multiple people can live comfortably in most laneway homes, and it allows you to provide stylish comfort to a tenant (maybe even a family member) while reducing your total carbon footprint. A laneway house is a strata-free property, so as the main homeowner, you can command a higher monthly rental income. These renters also receive their own mailing address!
You may think you don’t have the right property to build a laneway home. It’s a common concern, but the reality is that it’s more flexible than you may think! Even an old garage can be comfortably converted into an impressive laneway house, and building a whole new structure can also be easily done in many residential areas. It’s truly a smart eco-friendly move… and smart for your wallet. Please take a look at some of PHW Homes‘ laneway house projects to see what your new investment may look like! If you would like more information or are interested in receiving a 100% free, no obligation estimate for your new home, please let us know using the form on the right hand side of this page. We look forward to answering all your questions.