Vancouver real estate is at a premium, and as home prices continue to rise, individuals are getting creative in order to make living in this popular city a little more affordable. An upcoming trend is looking to tiny spaces and renovating Vancouver properties in order to create basement homes, houses that double as business spaces and multi-family homes that are affordable and functional for families of all sizes.

Renovating for Potential Income

home-remodeling

A recent article in the Vancouver Sun discussed how a single mom, her teenage daughter and their two dogs are living comfortably in just 243 square feet of Vancouver living space. Following her divorce, this mother decided to renovate her husband’s basement office in order to create an income property within their current home. They both loved the renovated basement space so much that they decided to live in it instead of renting it out. This, in turn, left the family with a profitable Vancouver rental property upstairs with a higher income potential that frees up a significant portion of the family’s living expense budget.

This micro-space conversion centered on renovating the most essential areas of the home including the kitchen, bathroom and personal space. In this home, both mom and daughter share a bedroom with storage located underneath the queen-sized bed. There is also a galley-style kitchen and a small bathroom with a large tub. The Vancouver home is open concept, and eliminating extra walls helps the rooms to feel larger and less crowded. This mother loves her renovated Vancouver home, and she says making the choice to live small transformed her life and left her feeling physically and emotionally lighter.

Focusing on Organization and Functionality

While living in a micro-home is not for everyone, even families who feel they need more space can learn something from this mother’s decision. The key to making this tiny home work was to downsize personal belongings and renovate the Vancouver basement in a way that made use of every square foot of space with organization and functionality in mind. While most downsizing can be accomplished independently, consulting with a Vancouver design and construction professional is invaluable when it comes to renovating in a way that optimizes space in a home with that all important budget in mind.

When it comes to choosing a general contractor for renovations of any size, it is important to search for someone who listens to your unique needs, adheres to your budget and focuses on communication every step of the way. Alair Homes of Vancouver has helped homeowners across British Columbia with renovations of all sizes. With our proprietary online system, we put our customers in charge of their renovations and never risk presenting them with unwanted surprises or unexpected costs. Our Vancouver renovations are also backed by an industry leading two-year in-house warranty to protect homeowners and their investments. Whether you are looking to create a micro-space or transform your larger home into a fresh, organized property, give us a call with any questions and to schedule your free, no-obligation consultation.