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Simply fill out the form at the bottom of this page and we'll contact you to schedule a suitable time to discuss your dream basement renovation.
Renting out your basement can provide a steady flow of extra income, which can be used to pay off your mortgage faster, significantly reducing your financial burden.
Having an additional source of income can provide a financial cushion, making you more resilient against economic downturns or unexpected expenses.
The additional income from renting out your basement can be channelled into your retirement savings, accelerating your financial preparedness for retirement.
At BCR DESIGN BUILD, we handle:
Earn Extra Income: Generate steady rental revenue.
Boost Property Value: Increase your home's resale potential.
Stay Safe & Compliant: Avoid costly fines and safety risks.
Tailored for Your Needs: Guest suites, rental income, or multi-generational living.
They handled all the permits and built an amazing space. Highly recommend!
Working with Bcr Basements was the best decision. They made everything so simple, and now I’m earning $1,800/month in rental income!
Let your tenant take care of your mortgage payments while you fast-track your retirement.
Renting your basement as a short-term rental offers a flexible and lucrative opportunity to capitalize on your property, providing a continuous source of income with the potential for high returns.
Fixed-Price Guarantee
There are no hidden fees or surprise charges. The price we quote is the price you pay.
Finished On-Time Guarantee
We respect your time. If we’re even a week late, we pay you $1,000 for every week of delay.
Your basement will be flawless. If it’s not, you don’t pay until it’s perfect.
STANDARD FINISHES, OPEN-CONCEPT 1 BEDROOM 1 BATHROOM BASEMENT APARTMENT
Up to 800 Sqft
ONE BEDROOM BASEMENT APARTMENT
STANDARD FINISHES, OPEN-CONCEPT 2 BEDROOM 1 BATHROOM BASEMENT APARTMENT
Up to 1000 Sqft
STANDARD FINISHES, OPEN-CONCEPT 3 BEDROOM 1 BATHROOM BASEMENT APARTMENT
Up to 1200 Sqft
Additional Income Stream: If zoning laws permit, a finished basement can be converted into a rental unit, providing a source of steady income. This can be especially lucrative in areas with high demand for housing.
Increased Property Value: A well-finished and maintained rental space adds considerable value to your property, making it a more lucrative asset if you decide to sell in the future.
Retirement Savings Boost: The additional income from renting out your basement can be channelled into your retirement savings, accelerating your financial preparedness for retirement.
EfficiencyMortgage Flexibility: The rental income can give you the flexibility to choose between making extra mortgage payments to pay off your loan sooner or investing in other areas for diversified financial growth..
Cushion for Economic Fluctuations: Having an additional source of income can provide a financial cushion, making you more resilient against economic downturns or unexpected expenses.
Homeowners should check local zoning laws and building codes to ensure they can legally rent out their basement.
Depending on the location, you might need specific permits or licenses to rent out your basement, especially for short-term rentals.
Rental prices vary based on the location, size, and amenities of the basement. Researching similar rentals in your area can help you set a competitive rate. while the average rent for a one-bedroom basement apartment is $1,700
Income from renting out your basement is taxable. However, you may be eligible for tax deductions for expenses related to the rental.
Yes, you should inform your mortgage lender and update your home insurance to cover the rental scenario.
Conduct background checks, and credit checks, and ask for references to ensure you find reliable and responsible tenants.
The rental agreement should cover terms of rent, duration, rules, maintenance responsibilities, and other conditions.
As a landlord, you're responsible for maintaining the property in a habitable condition. Plan for regular maintenance and timely repairs.
Yes, you can establish rules for shared spaces like entrances, laundry rooms, or yards in the rental agreement.
Have a plan for dealing with late payments, damage, or other issues. Know your rights and responsibilities as a landlord, and consult legal advice if necessary.
Jan 20, 2025 by Quacy Barry
Jan 14, 2025 by Quacy Barry
Jan 10, 2025 by Quacy Barry