In this issue...
Knowing that the home you buy today can be transformed to meet your changing needs in the future is definitely a reassuring feeling.
The investment you make today may bring future rewards, as your individual and family needs evolve. For example, instead of having to pick up and move when you decide it’s time to start a family, you can lay down roots and grow your family in one home - without leaving the neighbourhood you’ve grown accustomed to.
FlexHousing allows you to convert rooms at relatively low cost, so a large bedroom can become two smaller rooms, or an attic can become a massive master suite. With a Flex Home you can turn a basement into a fully functioning separate apartment to house in-laws, your college-aged children, or tenants.
So when scouting for a new house, evaluate the long-term utility of the home you’re considering. Will it meet your needs in the next 10 years? Is there room for additions, or will converting the existing structure to accommodate a growing family be too costly? It’s not a bad idea to check with your local municipality for your area’s zoning restrictions – to make sure that any additions you’re considering are allowed. Even though the Flex Home is designed with modifications in mind, it’s smart to double check before starting a renovation.
™ FlexHousing is a trademark of The Canada Mortgage and Housing Corporation.
