Since the introduction of laneway suites in Toronto, the concept of multigenerational living has gained traction. Many in the city are looking for a place to call their own, but high prices and recent increases in borrowing costs have made it difficult. Laneway suites are emerging as a solution for families that wish to stay close while having separate spaces at the same time. Together, let’s look at some of the considerations and benefits of building a laneway suite to stay closer to family for longer.
Benefits of Multigenerational Living
Multigenerational living offers a host of benefits, both practical and emotional. Shared financial responsibilities can alleviate the burden of individual costs, while emotional support and caregiving potential foster stronger family bonds. Laneway suites present an opportunity to make the most of underutilized space on your property, creating a win-win situation for all generations involved.
Considerations for Designing Laneway Suites
Zoning and Legal Requirements
The first thing you should do when you have decided that you would like to build a laneway suite in Toronto is read into the by-laws. By reading through them, you can determine whether or not your property is eligible. You will also learn how big and high you can build, as of right.
Determine a realistic budget. One that will include hard and soft construction costs. You should also account for contingencies. If this is your first major construction project, you need to understand the financial commitment. Speak to different consultants and builders to gather quotes.
Designing for Senior Parents
For senior parents, prioritize features that support aging in place. Opt for single-floor layouts, incorporate non-slip flooring, and install grab bars in critical areas. These adjustments contribute to a safe and comfortable living environment. For seniors, it is important to keep things simple.
Ensure that entrances are accessible, with options for ramps or step-free entryways. Wide doorways facilitate wheelchair access, promoting independence and ease of movement for senior family members.
Proximity to Main House and Amenities
A well-integrated design ensures that senior parents feel both connected and independent. The closest you can build your laneway suite from the back of the main house is 7.5 metres. You can build it closer, but this would require additional steps in the planning process, requiring a committee of adjustments hearing, which may or may not get approved. The minimum width of the access to the main house is 90 centimetres. Keep in mind that this space should always be clear as it is the minimum width needed for emergency services to come in if ever required.
Designing for Young Adults
Privacy and Separate Living Spaces
For young adults or professionals, privacy is critical. Design the laneway suite with private entrances and implement soundproofing measures to create distinct living spaces. It ensures everyone has their own space while enjoying the benefits of multigenerational living.
The laneway suite should be designed for young adults with privacy in mind.
Create flexible layouts that can adapt to changing needs. Incorporate spaces that can serve as home offices or study areas, catering to the professional needs of young adults. This adaptability ensures that the laneway suite remains a practical and functional living space.
Incorporate high-speed internet access and smart home features. It appeals to the tech-savvy preferences of young professionals and ensures that the laneway suite is equipped for modern living.
Sustainable and Green Design
Consider integrating energy-efficient features such as solar panels and energy-efficient appliances. It reduces environmental impact and cuts utility costs, benefiting homeowners and investors in the long run.
Use of Eco-Friendly Materials
Opt for sustainable construction materials and consider or living walls. This eco-friendly approach aligns with the growing demand for environmentally conscious living spaces, potentially increasing the appeal and value of your property.
Financing and Budgeting Tips
Researching Available Grants or Incentives
Investors and first-time homebuyers should explore available grants or incentives for laneway suite construction. Many municipalities offer financial support for projects that align with specific criteria. Take advantage of these opportunities to ease the financial burden.
Working with a Financial Advisor
Seeking advice from a financial counsellor is a wise decision. They can guide you through the intricacies of funding, budgeting, and possible ROI. This guidance is precious for first-time homebuyers and investors entering the multigenerational living market.
Considering Long-Term Costs and Benefits
Look beyond the immediate costs and consider the long-term benefits of your laneway suite project. Whether creating a sustainable income stream for investors or providing a forever home for first-time homebuyers, understanding the long-term implications is crucial for a successful investment.
Laneway suites have proven to be a great option for families looking to stay together longer. Multigenerational living is a forward-thinking housing approach that provides a sense of independence for some and support for others. By carefully considering the needs of senior parents and young adults or professionals, incorporating sustainable design principles, and navigating financing and budgeting wisely, you can create a space that meets current needs and adapts to the changing dynamics of family life. Embrace the potential of laneway suites as a versatile and valuable addition to the ever-evolving landscape of modern living.