It is critical when assessing a property to not only look at future potential, like this one with a good-sized garage as a future ADU or Garden Suite but also that what you have in the existing structure is something you can work with.
This particular property had a one-bedroom basement already in place but the apace was not very functional AND was an illegal space for a number of reasons.
In this video Real Estate Investor and former contractor, Chris Shebib takes you through this two-level property and highlights the areas addressed to convert this to a fully functional and legal 2 bedroom basement and add an extra bedroom upstairs for additional income potential.
The walk-through highlights the areas that were worked on to maximize a number of things;
Increasing basement ceiling heights with the use of LVL’s and slimline ductwork. Maximizing the livable space with open-concept rooms and relocating mechanicals.
Good use of windows and quality lighting to give a really airy look and feel
To find out more about Blue Orchard investing programs go here https://blueorchardpropertygroup.com/joint-venture-partnerships/
01:00 Introduction
01:14 Upstairs - Renovation
01:21 LVL Beam
01:40 Adding 3rd bedroom
01.47 Kitchen
01:51 Living Room
02:18 Basement - Converting Ilegal to Legal
02.32 Kitchen
02:39 Living room
02.49 Bathroom
02.57 Bedroom 1
03:01 Bedroom 2
03:15 Fire code and compliance
03:25 New furnace - relocated
03:34 1 bedroom illegal to 2 bedroom fully legal
03:39 Slimline duct work
03:48 Fill LVL beam
04:15 Induct smoke detector
04:30 Mechanical & storage
05.08 Garage space for potential future ADU Garden Suite
05.36 Meet Chris
The 5% Basement Rule Explained
https://youtu.be/0EaL-GX6MIw
Basement Conversions: When 2 Bedrooms Make More Sense Than 3
https://youtu.be/4R5LuaX3p9w
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Thank you for taking the time to watch. If you feel you got some benefit from this video, please like, comment and share it so others can get to access the knowledge. If you want to learn more about how I can help you with your own real estate investing goals, visit my website - https://BlueOrchardPropertyGroup.com - where you will find more resources on various options for real estate investing.
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Disclaimer and Waiver – Blue Orchard Property Group/ Chris Shebib is not an investment advisor and is not licensed to sell securities. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk. The content is provided ‘as is’ and without warranties, either expressed or implied.
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