Crystal Point Developments - Basement Suites & Renovations

We can do any job that you want. No job is too big or too small.

Renovations and Basement Suites

Crystal Point Developments and Invis Mortgage Brokers have teamed up to help make your home more affordable.

Basement Suites are great investments. Not only do they bring in extra income which makes it more affordable to own a home, but it also increases the value of your house. Here is a typical example.

It generally costs between $20,000 to $30,000 to build a basement suite. This equates to an increase of $300 on your monthly mortgage payment. Rent for a basement suite in Kelowna is typically between $800 - $1000/month. This means that you would put between $500 and $700 in your pocket each month.

Basement Suite Breakdown
Monthly Rent $ 800
Monthly Payments* $ 165
Total Income Per Month $ 635
*Based on a $30,000 mortgage, 25 year amortization, 4.39% mortgage

If you'd like more information about basement suites or renovations, call (250) 575-3906.

Turning Dreams into Reality