Buying a second property may not be a possibility in your financial situation, but this does not mean that you have to hold off of on being a landlord. If you have a basement that is primarily unused, you can turn this space into a studio, one-bedroom, or two-bedroom apartment and rent it out on your own. How you finish the basement rental will have a huge impact on the success of your rental.
While every room is important, adding the right kitchen features can appeal to many.
Whether the microwave sees much use or not, most people like to have one in their home. It is best when you provide them with one as it avoids the need to take up counter space. In a basement, you may need to get creative with its placement, such as grouping it with appliances or building It into cabinetry.
Lighting is important in any kitchen, but it is even more so in a basement kitchen. While you can design the rental space to have a window located in the kitchen, you will still not get much natural light. Recessed lighting is the easiest way to equip your basement with the lighting it needs. To help your tenant handle individual tasks in the kitchen, you will want to incorporate under-cabinet lighting as well.
Putting a dishwasher in the kitchen makes life a bit easier for the tenant that rents the place. Instead of having to spend just as much time cleaning as they do cooking, they can put the dishes in the dishwasher. For investing around $600 to $1,200, you can get a highly appealing feature for your rental.
A closed kitchen is fine, but it will make your basement feel smaller than it actually is. Adding a breakfast nook can help you separate the kitchen from the dining room and give you valuable space. It is also possible to put short cabinets above the breakfast nook if you are lacking in kitchen cabinets.
Washer and Dryer
Although you will usually find a washer and dryer in a laundry room, your basement may not have enough space to create a comfortably sized one or two-bedroom apartment and have this room as well. This feature is crucial for some tenants as it prevents them from needing to go elsewhere for doing laundry.
Adding some or all of these features in your basement kitchen will help your rental succeed. For a general contractor, contact a company such as Countertops & Laminated Specialties Inc.
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