What is a Laneway Home
A Laneway Home is a form of housing that is typically situated at the back of the lot of a pre existing home. Coachhouse in Vancouver and Vancouver laneway homes always offer huge value, whether you are deciding to buy a home with a laneway home or you are selling one the amount of value offered to both sides is immense.
If you are in the market to buy a home with a laneway house and are interested in getting into the laneway real estate market you are getting guaranteed revenue that you can use towards the your mortgage or as additional income right out of the gate. It's like having a more desirable basement suite and offers you the privacy of being detached from your own home. Mount pleasant coachhomes and Vancouver laneway homes are incredibly desirable as that market has seen tremendous investment in recent years. For that reason there has never been a better time to sell a home with a laneway home.
Laneway homes are typically 2 bedrooms 1.5-2 floors and 550 square feet on average. Depending on what you are looking for you may find Coachomes that are much bigger. Contributing to the solution regarding Vancouver's density issues is also a worthy cause as well as a worthy investment. You are helping solve Vancouver density issues when buying or selling a laneway home.
At the turn of the 20th century laneway homes where actually quite popular and already have a history in Vancouver. Property owners would build a small house at the back of their property with their limited funds and then eventually build a bigger property at the front. They would then rent out the smaller property at the back to help subsidize their new investment. Coachhouses will always be a great mortgage helper and will help maximize your properties value. In Vancouver this can sometimes be the best way to afford a house in the city. East Vancouver laneway homes have a deep and storied history and mount pleasant laneway homes dating back 130 years.
Also purchasing a house that has the potential for laneway home conversion at the back of the property is a worthwhile investment, many homes have laneway home potential oozing from them and a savvy buyer can scoop up the property and put in the type of laneway home they desire. Coachhouses are here to stay and whether you are selling or buying now is the time as they will eventually dominate the market and you will be able to call yourself an early adopter of the practice as well as a positive influence on the density situation in Vancouver.
Laneway Homes are also perfect for older children or older parents and grandparents. Having a detached home where additional family members can stay at home while maintaining their privacy is a huge boon for potential coachhome owners. Finding a buyer that fits the mold is what we do best here at Laneway Living. Vancouver laneway Homes are our specialty and we will take all the extra steps required to find the perfect buyer for your property with a laneway home. Dealing with clients who want/ own coachhomes is what we do best. The Matt Henry Team and Laneway living are situated and live in east vancouver so we are well equipped to deal with any questions or inquiry’s regarding laneway homes.
East Vancouver real estate has never been more sought after and having a laneway home is the perfect addition to make your house stand out in a crowded market as well as open the market to a highly lucrative new subset of buyers looking to maximize property value. A home with a coachhouse although more expensive starts to look a whole lot more affordable when you consider the additional income that can be generated from such a property.
Contact us for additional information and inquiries regarding laneway homes and coachhomes.