If you’re looking at the cost of turning your basement into a legal basement suite and wondering how you’d ever pay for it, the honest answer is: most homeowners don’t pay for it out of pocket, and they don’t wait years to save up either. They finance the renovation, rent out the finished suite, and use the rent to cover most or all of the monthly payment. Whether that math actually works for your house depends on real numbers, not a general promise that “it pays for itself” — so…
Read MoreFinancing a Legal Basement Suite: Can the Rent Really Pay for the Renovation?
