An Affordable Accommodation for Your Stay in Vancouver

Vancouver has always been one of the most lucrative holiday destinations for travelers across world. An epitome of rich culture and yet tantalizing hangouts make the city stand apart from the rest. Tourists across the globe find the city amusing and flock together to take a sip of the intoxicating holidays.

For every traveler, it is important that your holiday is comfortable and carefree so that you really do not bother about hotel bookings, availability of food and other amenities. If you happen to be in look out for an accommodation facility, there are some quick points you can sum up.

If you are on a business trip for a few days, availing hotel accommodation can be expensive. A few can actually afford the quintessential style and luxury of a hotel. An apartmentshort term rental Vancouver can come up as an affordable option that would festoon you with amenities and also fit into your budget. A hotel would normally charge you on per day basis and hence escalade your total budget. A typical rental apartment is an affordable option if you are on a business trip for a few days. It is designed with a spacious living room coupled with an attached bath and possibly for a kitchen. It is ideal economic option for one or two people. Short term rental accommodation in Vancouver is available for a period of three to six months approximately. So if you are on a vacation for a couple of weeks, a short term apartment rental is possibly the best option for you.

Many times, hotels are located near those areas which are not suitable for many tourists. 2bedroom suites Vancouver is the right option for tourists who really want to explore the city and its culture along with a luxurious stay in Vancouver. A short term rental accommodation in Vancouver not only provides a luxurious stay but it does add a delight to your trip that is worth remembrance.

Own an Affordable House in Vancouver

The City of Vancouver leads the way in premiering the lane-way housing bylaw. It's taken a while for this to really catch on, but the possibilities the bylaw presents are no- brainers. The lane way home can house your parents, it can house your adult kids, it can provide positive cash flow as a rental, or you can move in the newly renovated space and rent the old house.

At under $300,000 all in, for many one and 3 bedroom apartments downtown Vancouver models, it provides way more flexibility than an investment condo. But how does this help someone that doesn't have a property to put it on? How can this help you get noticed in the housing market?
When you buy a home with a spouse, you generally hold a title as "joint tenants.” This means the right of survivor ship goes from one name on title to the other. So, if a wife is hit by a bus, her husband gets the house etc. But there are other ways to place your name on title.

Take a home on the West side for instance. Assume there is a cute three story house on a decent lot, in an area you like, but its $1.6 million. You have been preapproved to go shopping for a house for under $700 thousand. You grab some close friends to join you in taking a second look at the house.

Together, you agree the house has a fabulous walkout basement suite but it could use some updating. Your landscaper friend says he loves the space and the third friend points out that they would rather live in a detached lane-way then suite or condo rentals Vancouver.

Now we do the math. You write a contract with your two friends where you agree to divide the home. If one person takes main space of the home, the other takes a suite, the third can take the lane way. The three of you buy this home for $1.6 million (or less if you have a good negotiator). You call a company like Small works studio or Lane-way Housing Inc., to pick a preapproved design -spend under $300,000 and you will have a home ready for move-in day within 16 weeks. You throw $60,000 into making that basement gorgeous. Add in a little extra for closing costs.

You are now at about $675,000 each. The price could probably be divided by square footage, or by some reasonable three way split that reflected the different units, but I split it equally just to make the point here. You have now created your own co-ownership or shared equity arrangement. Make sure you have a contract/ agreement in writing in place. A co-ownership agreement can be very detailed and typically includes each co-ownerships’ interest in the property, as in percentage 25/25/50; and what each co-owner will pay for the Property Transfer Tax, property taxes, property insurance, water and sewer fees, repairs, improvements, maintenance and legal fees.

For most people, this is better than commuting to the suburbs, and it is better for our environment to keep people living where they work and need to be.