The Benefits of Laneway Homes in Vancouver
The benefits of building and owning Laneway houses in Vancouver.
Otherwise known as rearyard infill, coach houses are an older version of laneway houses that have been around for many years. Although they can look similar from the outside, they are administered by a different set of bylaws.
Vancouver homeowners and developers build them behind the main houses with entrances at the rear lane. Coach houses are a great way to add value to your property without purchasing a new piece of land.
A coach house is a detached structure in the rear of a main house. These ancillary buildings have their own entrances and are complete houses on their own, similar to a duplex. They can be strata-titled and are saleable separate from the main property, making them more valuable than a simple laneway house. Because they are “ground-oriented” with their own entrances, their usage is flexible: they can be rented out to relatives or tenants or can be sold off as part of the strata complex.
Although coach houses add value to a property and can be rented out, the most common reason for building a detached house in the rear is to re-sell it. Other benefits include:
Below is a sample lot floor plan for a coach house.
When buying or selling a property with an attached laneway home or coach house, you need specialized advice and understanding of the market. Matt Henry and his experienced team have in-depth knowledge of the dynamics at play and how these properties may affect overall value.
The benefits of building and owning Laneway houses in Vancouver.
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Buying or selling a property with a laneway or coach home is different than a regular real estate transaction. Matt Henry and his team of industry partners understand how laneway homes affect property value.
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