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Are you struggling to afford a bigger home in Alberta? Whether you are considering renting or owning a smaller townhouse, this video provides an innovative strategy to help you achieve your dream home. By converting your basement into a rental suite, either through developing an existing space or renovating it after purchase, you can significantly reduce your mortgage payments by $1500-$1600 minimum (equivalent to $200K mortgage). Learn how individuals with similar incomes are leveraging this approach to afford larger homes, renting out the basement to improve their lifestyle. Instead of getting stuck in a smaller townhouse, apartment, or only renting, discover how renting a portion of your house, specifically the basement suite, can make a substantial difference. Key Takeaways: A semi-detached home priced $170K more than a $500K townhouse can be more affordable due to the extra rental income from the basement suite. Focus on monthly expenses rather than just the purchase price. No one typically lives in a house for 25-30 years; consider how reducing monthly payments through renting can lead to a better quality of life and future property growth. Always remember to look at your overall monthly expenses and consider innovative strategies to rent partially and live better. For more personalized advice and assistance in finding your dream home in Calgary, contact me: Nirwair Bajwa @nirwairbajwa Your Trusted Calgary Realtor Email: [email protected] Phone: +1-587-284-9422