Accessory Apartments in Guelph ~ Get Yours Registered!
This video discusses accessory apartments in Guelph. Specifically, why you should register one, and the steps involved in doing so.
Why Register Your Apartment:
It’s no secret that the City of Guelph is actively seeking out unregistered, illegal apartments. This creates challenges for homeowners who are operating an unregistered apartment, especially when they are in the midst of selling their home. It is becoming very well known that the City appears to be targeting homes that are listed for sale, and are flagging properties with unregistered apartments. This creates stress for the sellers, and can complicate the sale transaction. As such, it is important to stay above board and get your apartment registered upfront. By doing this, you won’t have to worry about the City catching you when your home is listed for sale. It also ensures that your apartment is up to code, and is safe for your tenants.
Another reason you should consider registering your apartment upfront, is that it will add significant value to your home. Buyers are shying away from purchasing homes with illegal apartments. As such, having an unregistered apartment adds little to no value to your home. Buyers want apartments that are safe, legal, and ready to earn income. And they are ready to pay a premium for that.
Some people avoid registering their apartment for cost reasons, or they don’t know how to manage the process with the City. What these people may not realize, is that the City of Guelph does a great job providing resources that outlines the process in a very systematic way.
City Apartment Resource Page:
CLICK HERE to view the City of Guelph resource page for Accessory Apartments.
If you are thinking about buying an income property, I would be happy to help you out. Conversely, if you are selling a home with an apartment, registered or not, I have extensive knowledge about marketing your home effectively to get you top dollar. Call me today to schedule a consultation meeting.
