What Is a Secondary Suite?
A secondary suite is a self-contained, private living space within a single-family home. Often located in basements, attics, or separate sections of the house, a secondary suite includes its own kitchen, bathroom, bedroom, and living area. This makes it a fully independent space, perfect for renting or for accommodating extended family members.
Why Are Secondary Suites Important?
Secondary suites have become a popular choice for homeowners for several reasons. Here’s why they’re so valuable:
- Extra Living Space: Secondary suites can accommodate growing families, aging parents, or adult children without the need for separate housing. They offer a practical and flexible living solution.
- Rental Income Potential: One of the most significant advantages of a secondary suite is the ability to rent it out. This creates an income stream that can offset your mortgage or other expenses, helping homeowners increase their financial stability.
- Flexibility and Privacy: Whether you need a home office, guest suite, or a completely separate living area, secondary suites provide private, versatile spaces for a variety of needs. They can be tailored to meet the specific requirements of your family or tenants.