Laneway houses are very common in Toronto. It is a detached structure from your primary home. It is a secondary construction close to a public alley, facing the lane.
The utility services such as gas, electricity, and water for a laneway house are connected to the primary residence. The size of a laneway property can range from a 1000 sq. ft dwelling to a modest suit on top of your garage.
Laneway home builders in Toronto are experienced professionals. They are capable of taking on any laneway house project and delivering the best outcome within the given time.
Before you decide to construct a laneway house, here are a few things you need to know.
- Although laneway houses are quite common, they are not permitted in most cities. Even if you get a building permit to construct a laneway property, you will have to follow a whole set of rules and regulations.
- Laneway house projects are as expensive as your primary residence. The cost of construction ranges between $450,000 and $600,000. However, the rates will change depending on the size and location of the construction.
- Building a laneway property can be beneficial in many ways. You can rent out your primary residence and move into your laneway property. It generates a good side income and also adds to your overall revenue.
- A laneway house can increase the value of your property. Depending on the location of your property, the value of your laneway house can be much higher than the construction cost. So if you ever decide to sell your house, you can expect a good value.
- Laneway houses are a great alternative to condos or multi-unit complexes. It provides a detached home experience, where you don’t have to deal with your neighbors. Since it’s a detached construction, there’s no one living on the other side of the wall above you. Also, you don’t have to deal with elevators or shared spaces.
Building a laneway house is a good idea as long as it is allowed in your city. Once you get the building permit, you can construct a laneway home to increase the value of your property.
