Are you dreaming of homeownership but concerned about affordability? The Saskatchewan Secondary Suite Incentive (SSI) Grant Program might be the answer you’ve been looking for. Launched by the Government of Saskatchewan, this innovative program aims to increase the availability of rental units, improve housing affordability, and generate supplementary income for homeowners.
What is the SSI Grant Program?
The SSI Grant Program provides financial assistance to homeowners who wish to build a new secondary suite at their primary residence. With the grant program covering 35% of the total price to construct a new secondary suite at an owner’s primary residence, to a maximum of $35,000 for a qualifying suite, homeowners can now make their homeownership dreams a reality while enjoying the benefits of additional income from rental units. To learn more, click here.
What it Means for Home Buyers
For homebuyers, having a secondary suite in their home means increased affordability and flexibility. It offers the opportunity to earn rental income, which can help offset mortgage payments and other expenses associated with homeownership. Additionally, homes with secondary suites tend to have higher property values, providing homeowners with a valuable investment that can yield long-term financial benefits.
Why Having a Home with a Secondary Suite is an Advantage
The advantages of owning a house with a secondary suite extend beyond financial considerations. It provides homeowners with flexibility in living arrangements, allowing them to accommodate family members or tenants while maintaining privacy and independence. Additionally, secondary suites offer a versatile living space that can be customized to suit various needs, whether it’s for additional income, multi-generational living, or simply as a flexible living space for changing lifestyles.
Benefits of Owning a House with a Secondary Suite with Pacesetter Homes
By choosing Pacesetter Homes, homeowners can enjoy numerous benefits associated with owning a house with a secondary suite:
- Additional Rental Income: A secondary suite provides an opportunity for homeowners to generate additional rental income, helping to offset mortgage payments and other expenses associated with homeownership.
- Multi-Generational Living: With a secondary suite, homeowners can accommodate aging parents, adult children, or other family members while providing them with a separate and independent living space.
- Increased Property Value: Homes with secondary suites are in high demand among buyers and investors, leading to increased property value and the potential for higher resale value in the future.
- Flexible Living Space: Secondary suites offer versatility in living arrangements, allowing homeowners to adapt their living spaces to their changing needs over time.
By choosing Pacesetter Homes with secondary suites, homebuyers can enjoy all these benefits and more, making homeownership an attainable and rewarding experience.
Advantages of Owning a House with a Secondary Suite with Pacesetter Homes
Not every legal suite comes equipped with essential features for optimal comfort and safety. At Pacesetter Homes, we understand the importance of ensuring your peace of mind. That’s why our legal suites are equipped with a separate side entrance for added privacy and convenience.
In addition to a separate side entrance, our legal suites are designed with your comfort and safety in mind. Each suite comes equipped with a separate electrical panel, an electric water heater, and an HRV (heat recovery ventilator) system. These essentials ensure that each living space operates efficiently and independently, providing you with the comfort and peace of mind you deserve.
How to Get Started
To learn more about the SSI Grant Program and explore our home models with separate side entrances and secondary suites equipped with essential features, contact Pacesetter Homes today. With our commitment to quality and your well-being, we’ll help you unlock the possibilities of homeownership while prioritizing your comfort and safety.
Don’t let affordability stand in the way of your homeownership dreams. Explore the possibilities with the Saskatchewan Secondary Suite Incentive (SSI) Grant Program and Pacesetter Homes today!
