A basement apartment is located underneath another structure \u2013 typically a house or apartment building \u2013 and is underground, below street level. There are different types of basement apartments. They can cover the full basement or some of it, making it a partial apartment. These units, if underground, often have a set of stairs to lead them to either a private or shared exit. On the other hand, walkout basements can leave the unit through a ground level exit. With this blog, we will discuss the many advantages of renting a basement apartment and determine if it is perfect for you.<\/p>\n\n\n\n
Basement apartments are often more affordable than above-ground units. Since landlords are often renting out a portion of a property instead of the entire thing, they will charge you accordingly. Some amenities \u2013 including larger rooms and copious amounts of natural light \u2013 are being sacrificed in these rentals, so property managers will charge less in order to make their unit more desirable.<\/p>\n\n\n\n
These apartments are also energy efficient. With how basements are structured, the temperature can fluctuate in your favour. This can lead to a reduced heating\/cooling bill. As well, some landlords include other utilities – like Wi-Fi, hydro, water and more \u2013 in the price of rent if it is shared with the main house. This will allow a fixed amount or percentage of the bills to be covered instead of the entire cost.<\/p>\n\n\n\n