Turning Pre-Demolition Property Worries into Income

Imagine you have an old, rundown property that’s destined for demolition next year. It seems like a big, stressful task to turn it into a rental property, right? But what if you could earn rental income from your pre-demolition property BEFORE it's demolished AND avoid paying Empty Homes Taxes? Sunwise Property are the experts in quickly transforming pre-demolition spaces into vibrant homes, and they can help you do just that - making the process seem too easy to be true. 

A Success Story in Hastings Sunrise

Let's look at a recent success story. A 4-bedroom, 1800 sq/ft property in Hastings Sunrise was facing numerous issues. The house needed new heating, structural repairs, electrical and flooring upgrades, and more. It seemed like an overwhelming project for any homeowner.

But with Sunwise Property, the owners didn't have to worry. The team took on the challenge and worked their magic. The biggest hurdle was the decommissioned oil furnace. In Canada, a home needs a good heat source to survive the winter. Sunwise installed efficient infrared heating panels in each room. These panels use very little electricity but keep the house warm and cozy.

Before

After

Step-by-Step Transformation

Sunwise Property didn't stop there. They fixed the damaged walls, repaired the outdated electrical system, and upgraded the insulation. Here's what else they did:

- Installed new LED lighting fixtures

- Repaired and insulated drywall

- Laid new carpet and hardwood flooring

- Updated appliances

- Painted the entire house

- Repaired plumbing and installed new toilets

- Added a new outdoor staircase

Before

After

Hassle-Free Process for Owners

Sunwise Property also managed the rental process. They found qualified tenants who were thrilled to live in the house. The owners didn’t receive a single bill for the repairs or the rental management. Sunwise handled everything, saving the owners time and stress.

Smooth Transition for Tenants

As the lease term ended, Sunwise made sure the tenants were smoothly relocated, allowing the owners to proceed with their demolition plans on time.

Benefits for the Landlords

By working with Sunwise Property, the landlords enjoyed several benefits:

• Exemption from the 3% Vancouver Vacancy Tax and 0.5% BC Speculation Tax

• Avoiding $20,000 in property repairs

• Secure rental income

• Peace of mind knowing professionals were managing their property

• Tenant exit strategy in place to ensure no overholding 

Choose Sunwise Property for Your Rental Needs

If you need to rent out your soon-to-be demolished property, Sunwise Property is here to help. They turn property worries into peace of mind. With their expertise, you can save money, energy, and time, while generating income along the way.

Reach out to Sunwise Property today and start your journey towards hassle-free rental solutions.