How to tell whether you can remove an interior wall and whether that wall is load bearing or not. Interior design trends have changed over the years and we now want our kitchens to flow into our living rooms and entertaining areas. If you can figure out how to open up your spaces you're going to be able to add value to your properties regardless of whether you're renting them, selling the or living in them.
In this video Canadian Real Estate Investor Darren Voros walks through his most recent investment property to show you how to identify load bearing walls and then what options you might have if you want to remove those load bearing walls and open up the space. Darren walks through the basement, main floor and 2nd floor to identify which elements are structural and which items are purely for partition.
****NOTE - BEFORE UNDERTAKING ANY STRUCTURAL WORK ON A PROJECT YOU SHOULD ALWAYS CONSULT AN ENGINEER.
When it comes to interior design, the trend is definitely to open up spaces and for one area to flow into the other. In older homes each room used to have be separate. Now people want to be able to open up the spaces and they want their kitchens to flow into their living rooms, to flow into their dining rooms, to flow into their entertaining areas. So if you can figure out how to open up your spaces, it's going to be that much more beneficial. You're gonna be able to get higher rents. But it's also going to increase the value of your property should you decide that you want to sell it later on down the line.
DISCLAIMER:
WITH ANY AND ALL INVESTING YOU SHOULD ALWAYS OBTAIN INDEPENDENT LEGAL, TAXATION AND FINANCIAL ADVICE FROM A LICENSED PROFESSIONAL BEFORE INVESTING ANY OF YOUR OWN MONEY.
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Darren Voros
Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV). Darren was also the behind the scenes contractor on “Save My Reno” (HGTV) and “Game of Homes (W Network).
Darren is an accomplished real estate investor, trainer and coach. He controls a portfolio of properties worth just over $10,000,000 and has travelled across North America educating, inspiring and motivating audiences on the subject of real estate investing, financial independence and financial literacy. Darren’s willingness to give back prompted him to launch his UKposts channel in 2020 in order to have a wider reach in educating investors.