Is it possible to convert Townhome basements as single bedroom home for rental purpose?

Asked by murthyjakki, Collegeville, PA Mon Jan 7, 2013

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5
Mary Lynne L…, Agent, Blue Bell, PA
Tue Oct 28, 2014
First step, call the township and find out what is entailed. Permits will need to be obtained as well as an egress of some sort in case of an emergency. Also, townships/homeowner associations may have restrictions regarding basements for rental purposes. I'd check with both.
0 votes
Ken Krauter, Agent, Flourtown, PA
Tue Sep 24, 2013
Be very careful about this; make sure your municipality does not have restrictions against converting basements into living spaces. There also needs to be direct outside access and egree otherwise an appraiser will not consider the basement space as a bedroom. I would also check with your insurance broker to make sure you have coverage...
0 votes
Joshua Stein, Agent, Conshohocken, PA
Tue Jan 8, 2013
It really depends. Are you hoping to rent out the basement separately, or are you trying to squeeze in another bedroom?

To be a separate rental unit, it needs to have a dedicated entrance from the outside, and there needs to be an egress opening in any and all bedrooms no matter which way you're planning on doing things.

You best resource is the Borough of Collegeville or whichever municipality the property is in.

Warmest regards,

Joshua Stein, REALTOR®
Coldwell Banker Preferred – Conshohocken

Office:(610) 828-9558 * Cell:(215) 866-8030
Direct:(484) 270-1165 * Fax: (215) 999-5894
Email: jstein@cbpref.com
Web: http://www.joshuasteinhomes.com

PA License #RS317975
0 votes
Barbara Lelli, Agent, Collegeville, PA
Tue Jan 8, 2013
It depends on a few things:

1. Is the basement a "walk out" basement? Does it have a 2nd exit/entrance. In Pa. this is necessary to finish a basement.
2. Many townships have rules concerning basement bedrooms and number of bedrooms for rentals. It would be best to check with your township.

Good luck!!
Barbara
0 votes
Julie Barnett, Agent, Lebanon, IN
Mon Jan 7, 2013
You should really ask a contractor that question. Get on Angie's List or call the Better Business Bureau to get suggestions of some good contractors that you could contact.
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