Laneway house is a unique house built in your lot. It is a separated-building from the main house, which mostly has a smaller size. You can find these kinds of houses in various places in North America. So, why did they build it? What can you get from building and having a laneway house? Here, we will explain that to you.
The Benefits of Laneway House
– Additional Income
Most people use the laneway house to get extra income. They rent it to get a steady income from their rental fee. Its location is reasonable to the owner’s house. That also allows you to monitor its condition and provide help whenever the tenant that rents your laneway house has a problem. It becomes another value that makes the rental fee for this house high and profitable.
– Extra Space to Live for Family Members
This house is also suitable to provide a place for your family who wants to live in a separated-house. For example, if your kids want to move out but don’t have enough money to rent an apartment, you can build them a laneway house. The distance that is not that close gives your kid more freedom and privacy.
On the other hand, you also can build it for your elderly parents. You can still monitor their condition. However, the location of the house is in a different place than your main house. So, you also still get the freedom to live with your own family.
– Increase the Value of the Land
The Laneway house gives functionality to your land. It also can be considered as one of the facilities of that land. Therefore, if you sell your land, you can increase its prices. Furthermore, with laneway house benefits to produce extra income, we believe that many people would love to buy it. It saves you time to find a buyer.
– Good for Environment
By building the laneway house, you also need to make the land or area surrounding it become more suitable as a living place. Therefore, it also improves the environmental condition in that area. It has a lot of trees to increase its comfort. The building and residents of the laneway house also provide a safer environment in the area where you build it.
In short, the laneway house gives you a lot of benefits. However, you can’t build it all of a sudden. You have to follow the law to build this extra building. Depending on the area or countries where you live, the law might be different. However, you should have enough space or distance to create a laneway house, which allows it to be an individual building for living place.
You may have to hire a professional to check whether your place is eligible for a laneway house. Once you get everything fulfilled, no need to hesitate or waste more time. Hire a contractor to build a Laneway house and get all the benefits we mentioned above.