Converting your basement into a rental unit is an excellent way to create income from living space you don't need, while meeting area housing needs. Most municipalities have regulations about whether renting space in your home is legal, and if it is, have specific criteria your space must meet in order to make it an acceptable dwelling. For best results when creating a rental unit, work with a reputable contractor to make sure that every aspect of the conversion complies with the law while making the best use of your space
Is Your Rental Unit Legal?
No matter how attractive your rental space is, it must meet codes. In most areas, you need a business license, which guarantees that a building inspector will examine your property to make sure that it is considered habitable and safe. As a landlord, you may be subject to future inspections.
If you try to rent out space in an area where it is not permitted, or if your unit does not meet local codes, your space will be considered illegal. If you violate local law, you can be fined, told to stop renting, evict tenants, and even be sued.
Legal Requirements for a Rental Unit
While the specifics vary by area, a rental dwelling unit must meet the following criteria and more:
In order to get approvals from the city, you will need to provide plans or drawings of your rental space.
Desirable Tenant Upgrades
To attract tenants, there are some other upgrades you should keep in mind to make the space not just functional, but also desirable:
Find a Professional for Basement Remodeling
If you are considering converting your basement into a rental unit, it is important for you to do your research and hire a competent contractor to complete the work. Professionals who specialize in renovation are familiar with the building codes and know how to create a beautiful space within budget and within code to allow for a quick rental. In Utah, Topp Remodeling & Construction can help you turn your basement into a lucrative rental unit. Contact us today for a free consultation about creating a rental unit.