Basement Apartment Benefits

1. You can secure more living space and it adds more value to your property

2. An often overlooked aspect of renting a basement space is that you can secure more bangs for your buck in terms of the space that is at your disposal. That’s because a basement space often encompasses the entire bottom floor of a dwelling, so although it may be open plan, the inherent benefit here is that there will be much more square footage at your disposal

3. You can rent at attractive prices

4. We have already mentioned more bangs for your buck in terms of space, and this is one of the most outstanding benefits of renting this type of room/apartment . As it all boils down to the economics of supply and demand, and basement space is just not as desirable as other parts of the building, the price reflects that fact. If price is an issue (and let’s face it, for the majority of us it is) then looking for this kind of option can be a great way into the rental market.

5. In Basement Apartments you can enjoy more privacy

6. Often depicted as quiet, lonely parts of the house, that cliché is actually another of the most attractive aspects of basements: they really can offer the kind of solitude that can be impossible to find in other parts of a building. If you live on the ground floor in an apartment block, there is always passing traffic as well as the issue of access: you could conceivably be woken up by every person who enters the building.

“Off the beaten path in terms of the physical building in which it is located, a basement simply does not have the issue of access noise. And it is subterranean; you can cut out street noise too.

Stairs are often not an issue as we offer side/separate entrances for more privacy

It is often a great short-term solution

Back to that issue of supply and demand; as basements are often hard to rent out, the landlords can be much more amenable to the idea of short-term lets. If you have just arrived in a location and need a quick solution that doesn’t tie you down to a long contract, that’s a really attractive benefit. And then if you are renter, it’s a great way to start ramping up your credit history to boot, which is a big deal in Canada.