The talk of carriage homes is a hot topic these days. With more and more people looking for affordable living solutions, ways to age in place, extra income streams, and limiting urban sprawl, you may wonder if adding a backyard suite to your Kelowna home is worth it. If so, this article will help you weigh the pros and cons and help you make the right decision for your family and investment portfolio.
Building a Carriage House in Kelowna: Is It Worth it?
There are a number of important factors to consider when considering building a carriage house on your property. Your needs, budget, and property value all contribute to deciding whether to proceed. Here is what we help our Kelowna carriage house clients determine before we begin:
What are your goals for building the backyard suite? These flexible living spaces can be for renters, family members, or for homeowners to age in place and rent the main home. Whatever option suits you will affect how you plan the layout of the house and the type of fixtures and finishes.
What is your property valued at? At the end of the day, choosing to add another dwelling to your land increases the property value, but it’s important to know if it will be a smart investment for you. Some considerations are current value vs. the value with a suite on it, looking at comparable properties with carriage suites, and calculating future earning potential from additional rental income. Knowing these numbers will help determine your budget and make you feel better as you move forward.
Can your Kelowna property accommodate a carriage house? Zoning, lot size, setbacks, and allowances are essential to know whether you should build a secondary suite. An up-to-date property survey and a land title will give our team a good foundation to answer this vital question.
FLR Developments: Your Premier Kelowna Custom Carriage House Builder
Whether or not you choose to go ahead and add a carriage house to your property is an important decision that should deliver on your goals. Thankfully, Kelowna is a fantastic city that needs more affordable living solutions and urban density where applicably zoned for it. To learn more about your options and to discuss your potential project, call our team at 778-721-5791 or fill out a website contact form.
Live The Okanagan Dream
Life in the Okanagan means idyllic lakes, lush orchards, stunning views, endless skies, and the opportunity to live your best life. If you are ready to build the home of your dreams amid the abundant beauty that can be found here, connect with FLR Custom Homes today. Share your vision for your perfect home and together let’s make it happen.