When Judy Wainman was thinking seriously about her retirement four years ago, one of her thoughts was, “maybe I don’t want to risk my future on the stock market.” Judy remembered how her own parents experienced portfolio losses during the 2008 recession. At the same time, she watched her son-in-law manage his rental properties with great success.

“I saw him investing in them, and the income he was receiving from them. That’s when I decided it would make a good return for me in my retirement,” Judy said in an interview.

She also liked the stability of having her money invested in hard assets instead of the stock market.

“With a rental property, not only do you have your money in a tangible asset, you’ll also get a return on the investment. It’s a way of storing wealth and generating wealth, as well,” she said.

Oh, and she went to investigate properties. It was 2014, a time when the housing market was up. Most of the affordable properties were older, and Judy could clearly see how higher maintenance costs would eat into her ROI.

One day, her sister saw a builder’s ad and suggested they go to see the company’s new show home. It happened to be Vinland Homes’ Erikson model in Kensington, and they were immediately impressed with the quality of the build. 
“I realized it was specifically built for revenue and immediately felt good about investing in a similar property,” Judy said.

By September 2016, Vinland began building her Erikson model home in Rosewood. Judy spent $400,000 on the home, and is living in the upstairs suite. Meanwhile, her son is renting her former home in Silverwood; she will use equity from the Rosewood home to put a suite in the basement, and keep it as a rental as well. 
Now, she’s building rental property No. 2 just two doors down from the rest.

Factoring in monthly taxes, insurance and mortgage payments Judy will have a monthly cash flow of up to $800 a month on that property, while also building equity with the mortgage payments.

The Vinland homes are of good quality, said Judy. They’re built durably, well-insulated and with extra waterproofing in the basements.

“I’m very happy with the product and the approach,” she said.

Vinland has three models that are perfect for revenue properties, including two bi-levels — the Erikson and the Cariboo — and a two-story, the Borden, that works beautifully on narrow infill lots.

Vinland co-owner Graham Klassen says the ROI with his company’s rental purpose-built homes runs in the 20 per cent range. He is pleased to offer customers the option of basement suites in new homes, to help them build equity.

“There aren’t that many builders that like to do basement suites,” he noted, “because of the building code requirements. For example, everything must be sound proofed and smoke tight.”

But Vinland has found a niche in building new revenue properties, and Graham notes that adding value does help increase sales. It’s also a great deal for the buyers. “We build the suites for what it costs us.”

For more information on Vinland’s suited models, or to explore your investment options further, please contact Brandon Moore at: brandon@vinlandhomes.com or (306) 380-7931.*

*All projections & examples are estimates only. Vinland home does not gauruntee mortgage rates, occupancy rates or rental rates.