Ottawa Coach Houses & Laneway Houses
Coach houses (also called “lane houses” or “laneway houses”) are a great way to make your property work for you. With a minimal investment in coach house construction, you can more than make up for the outlay in a short period of time with the rental income you’ll realize from your coach house in Ottawa.
These small houses are fully equipped with a kitchen, bathroom, living area and either a bedroom or studio sleeping quarters. By taking on a tenant, you have access to the property right where you live – better than an investment property elsewhere with less worries, less maintenance and no second mortgage (just second income!). Holland Homes and Renovations has a depth of experience constructing new coach houses in Ottawa and taking existing dwellings (such as a separate garage) and turning them into coach houses, carriage houses or lane houses.
Additional Income From A Coach or Lane House
Whether you’ve previously been a landlord or are doing so for the first time, a vibrant rental market such as Ottawa’s gives you, the homeowner, a prime opportunity to use existing real estate to generate an additional income. Ottawa coach houses are ideal for retired couples, working homeowners, and households with one or two incomes. A coach house does, of course, require construction – either as a new build or as a renovation / addition project. This is a cash outlay, but it’s also one that comes with a proven track record of income generation and return on investment.
Plus, when it’s time to sell your Ottawa home, you’ll be able to offer the buyer the added feature of a built-in second income stream. That’s why it’s important to choose the right Ottawa contractor for your coach house construction or renovation project. Additional questions to ask our design team during your consultation for an Ottawa coach house include the following:
- What kinds of materials are needed for fire safety?
- How will hydro usage be measured between the tenant and the owner of the house?
- Do I require a kitchen and how will I vent the exhaust fan?