Types of Suites Commonly Found in Langley
Learn more about the different types of homes with suites for sale that are typically found in the Langley Real Estate Market!
Get started with an income helper like a home with a suite for sale!
Buying a home with a basement suite is a great way to enter the housing market. Managing the costs of a single-family home on your own can be a difficult task to undertake. Even if you’re making more than the average Canadian! A suite can help you cover the expenses of your home. For instance, paying off your mortgage, performing essential maintenance, taxes, insurance, etc.
The ultimate mortgage helper!
Furthermore, lenders may be more likely to approve you for a mortgage if you’re buying a home with a suite. The additional income that you will make from your tenant(s), can lower your risk factor at the lending office. However, your suite must tick a few boxes in order for lenders to see the potential for rental income. For example, the suite needs a separate entrance, a full kitchen, a full bathroom, and a bedroom. A suite can come in many forms.
Learn more about the different types of suites in Langley by reading below.