Bank of Canada warned an over-heating real estate market for the rest of the year. As mortgage rates are an all-time low there are lot of buyers looking for homes for sale in Vaughan and many other neighbourhoods of the Greater Toronto Area.
While it is approaching towards an unaffordable housing market, there are some smart ways which can be beneficial for the buyer in the long run. Having a property with a basement can surely be one of the ways.
Home buyers looking for homes for sale in Woodbridge can consider buying a house with a basement as it can help them gain extra income. Top Vaughan Realtors suggest their clients to opt for houses with a basement space.
A Vaughan real estate agent looking for homes for sale in Maple, Vaughan for its clients would preferably look for a basement house. The rental income can contribute towards your mortgage and also provide some extra storage space.
If you are planning to keep the space to yourself that is good too. It can be converted into your work station corner or an inspirational artistic space. Good storage space helps to reduce the extra luggage and furniture around your house to avoid it being clumsy.
Here are few innovative ideas to renovate your basement space
Build a workshop- If you are one of those souls who like to create new DIY stuff an upgraded workshop is perfect for a basement. A tech enthusiast looking to have all his/her equipment around all the time can recreate the basement space. With a simple addition of pegboard and shelving, sturdy concrete floors can be an easy option for cleaning.
String some hanging lights- Most unfinished basements might not have enough light around the space. Hanging lights is a cheaper way to have more light around the space. If you can have more electrical outlets, pot-lights is an excellent choice to upgrade the space. More light would help to look the space bright and spacious.
Install storage – One of the best ways to use the basement space is having an organized storage space. The extra floor below grade adds a lot of potential storage. Make the most of it by having organizers in different shelves to store off-season clothing, tools and much more.