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disadvantages of basement apartments

She won’t park correctly in front of our house which causes the neighbor to complain to me and she is just not very clean. Not just him but all the affordable apartments most who had been living there for 10+ years. I have been here for three years and have a great relationship with my landlords. This is the easiest post I’ll ever write. So my net was about $500 per month. Many houses and apartments have basements, particularly in northern areas of the United States and Canada. Couldnt sleep so brought down the owners and they said its the heater pipes in the ceiling, heres some earplugs. Some are full apartments with a kitchen, separate entrance, master suite and family room. My new “landlord” wasted no time in calling me to ask if I would watch her youngest kids (a three year old and twin babies) while she went to drop her older child off at school. Single mothers who are not in receipt of child support and can not afford a “real” apartment. The smaller ones that can hook to the sink can be used in apartments. Trust Me, I WANT to move there, but I was just wondering about the advantages/disadvantages of moving down there. Just the type of situation everyone loves to deal with. I prefer to read sensible comments from those people who can rationally read an article and be ok that an author has an opinion that comes from their experiences, like this article. I began with feeling low energy/depressed from lack of sunlight, fresh air, and constant cold/darkness. You are just plain dumb, something special. You cannot even climb the stairs after a downfall. There is only parking on the street. There are hundreds of thousands of these units across Canada. The yard may or may not be shared by people living in units above the basement apartment. I’ve seen the RH get as low as 12%. Creditors don’t care about the reasons why a single person can’t handle duel-income debt which is why I HAVE to rent now for the next 5 years until my credit is fixed. I know, if my mortgage is more then 1700 then I cant afford them with out renting a basement. But there are some disadvantages to be aware of as well. Concrete floors can be susceptible to settling and cracking over time, and this is a more frequent problem when an existing structural slab has adapted to a finished residential flooring surface—such as when a basement or loft condo has been converted to living space. Snow fall is a real pain. A basement is more expensive to build than a slab or crawlspace. Too cold? Nice thing about them is that you can get your money back for damages etc. If you can’t afford a house without renting some of it out, buy something you can actually afford. Its a win win. The little one went into my bedroom and began jumping on my bed. They are buying into one of the more challenging kind of property to manage. My basement apartment help pay off this house, so I’m grateful but surprise surprise no one gave me free money at different points I had to give up the backyard, one tenant in particular liked to invite her family over for beer drinking parties, One of which involved people playing golf in my vegetable garden . You can also conduct your own survey of property management companies… most won’t take basement apartments or houses that have them. SMH. My landlord keeps saying she will give her notice if she demands one more thing, but then it follows with, but she always pays her rent on time…nor sure what I should do as I am uncomfortable living here now. Buy the cheaper house. This will inevitably lead to molding of the walls, and the puffing up of plaster. they were a family of four, him and her with two teen age kids. And if you rent a damp disgusting basement then ya they will be vacant. But I have a question; if something is broken in the basement is it my responsibility to fix it or that of the landlord. Kudos to you for speaking up. The landlord must make money renting out the suite he has. this became a regular thing. It’s not my fault the government doesn’t give you enough to pay your rent and eat. She’s obviously not shaming basement renters, she’s warning people about the downsides to renting out a basement suite. Others are more of a studio set-up with a kitchenette, bath, and open great room and kitchen. Lizza, I’m glad you like where you live, I can assure you that most people do not feel this way about living in basement apartments. Because this structure shares a wall with your neighbors, they make the most of the space that is available when compared to the standard detached single-family home. You have to take the good with the bad. So I get what you’re saying. However, there are also many cons to consider before making a final decision. If you tell me there are no downsides then you’re completely in denial. Don’t worry many don’t. The other think I found is the tenure is generally short, about a year or so on average. If you are close to the subway, you’ll also get decent tenants. Basement apartments are located below street level. Now go away and shake your money maker. Pin. We always paid our rent on time, were clean and are quiet types. Honestly though your point is valid, if you’re renting out a basement, you don’t have much money and the spaces are not very nice. Second you are confusing the term legal as a term with safety and that’s not always true. We use cookies and other technologies to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests. Still freezing because there is no moisture in the air for which the heat can adhere to. One day she called and asked if I happened to have a pound of bacon in the freezer that she could borrow. Vancouver is a very different market than the Greater Toronto Area it may be different there. I paid my rent on time or early. I swear it depends so much on the area. Basement apartments are also below ground, concrete is porous, and this leads to higher humidity which make any cold more uncomfortable. I “lent” things all the time (and NEVER got anything back). Did you ever have an adult discussion about them not playing golf in your tomato plants and they failed to comply? He insisted on fixing it on his own, which took him several months. It gets so cold sometimes that I am in thermal underwear, plus clothes, under a blanket and I cannot get my feet to warm up. Many years ago, I was that new landlord – never again! Correct me if I’m wrong but did you not allow the dogs onto the property when initially renting to the tenants? Because, you know poor people are the only terrible tenants. People are confused about owning an apartment or house but more people are now switching to apartments because of the convenience and the value for money they have to offer. Profit is not a dirty word it’s reality. I have had really great tenants here and in other basement apartments. If you can’t handle it then get off the internet. Not everyone who rents a basement suite is a problem. It is used mainly in the construction of buildings with repetitive design and elements, such as schools and apartments. I too rented out my basement apartment and I did have great tenants for long time but, the bad ones were very bad…, So nice of you to be judgmental of people on social assistance. See our Privacy Policy and Third Party Partners to learn more about the use of data and your rights. Valet service rentals for you. 6-Homeless people “shopping” in my garbage. Yes, I am aware of the landlord tenant act rules regarding spraying and all that but at the end of the day I have absolutely no desire to pack up everything I own twice a year so the apartment can get fumigated (once again) and so I can breath in toxic chemicals (oh yeah and I have to live with them as apparently you cannot vacuum for ten days or something like that). I think people are out of their mind to buy a unit and then rent out both halves. There are a lots of reasons for an apartment to be illegal and most of them have to do with city zoning and have nothing to do with safety and fire codes. Bernadette. We gave her a great deal to help her out and no lie, within a month, she had moved in her new boyfriend, her brother, brother’s girlfriend, their baby and her 2 nieces. May 9, 2012. How often do you hear a stampeed of people running upstairs? Any basement suite I’ve ever seen is considerably less than it’s apartment equivalent. It’s part of the business. As a single mother, I figured I could live in a quieter, more family friendly neighbourhood for the same price as a bachelor or one-bedroom nearby. I’ve met my fair share. For many, the benefits of owning a property with a secondary unit far outweigh the disadvantages. It is fairly sad that people like you who have a single traumatic event that cascades into unfortunate consequences for your credit get lumped into the same category as people who never willingly pay a bill in their life or never seem to manage their finances. I’ve had great tenants and not so great tenants. I’ve closed down countless basements that were affordable because of tenants that complain, most of whom complain while still in them… and become homeless and can’t find another place at the same price. The advantages of using precast concrete is the increased quality of the material, when formed in controlled conditions, and the reduced cost of constructing large forms used with concrete poured on site.

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