It kind of goes without saying, but a basement apartment without a <a href="https://www.hgtv.ca/real-estate/photos/15-ways-to-add-value-to-an-income-property-1911117/#currentSlide=4" rel="noopener" target="_blank">separate entrance</a> is no good. If you have to install it yourself it can be very expensive, so definitely look for a property that already has one. <BR><BR> Related: <a href="https://www.hgtv.ca/real-estate/photos/15-ways-to-add-value-to-an-income-property-1911117/" rel="noopener" target="_blank">15 Renovations That Add Value to an Income Property, According to Scott McGillivray</a>

When it comes to basement apartment requirements, the ceiling height should be no less than seven feet for more than 75% of the space. However, the higher the better. Once you start digging down, it becomes a very big project, so keep an eye out for high ceilings when house shopping. Can't escape a low ceiling? <a href="https://www.hgtv.ca/sarah-baeumler/blog/decorating-techniques-to-help-hide-a-low-basement-ceiling-1914646/" rel="noopener" target="_blank">These decorating techniques</a> will help. <br><br> Related: <a href="https://www.hgtv.ca/sarah-baeumler/blog/decorating-techniques-to-help-hide-a-low-basement-ceiling-1914646/" rel="noopener" target="_blank">Decorating Techniques to Help Hide a Low Basement Ceiling</a>

A full kitchen that includes a dishwasher is the best way to impress tenants and command a high price. Just because someone is living in a basement doesn’t mean they have to sacrifice functionality. While you can get away with not having a dishwasher in the basement kitchen, I don’t recommend it. <br><br> Related: <a href="https://www.hgtv.ca/scott-mcgillivray/photos/scott-mcgillivray-mini-basement-renos-increase-value-1916487/" rel="noopener" target="_blank">Scott McGillivray's 10 Mini Basement Renos That Will Increase The Value of Your Home</a>

Even if space is tight, providing tenants with a washer and dryer that is exclusively their own is a huge plus (you can hide the machines in a closet or cupboard to save space). In fact, it can really make or break a rental agreement. If the laundry units can only be shared with the upper floors of the house, it’s not the end of the world. But, keep in mind, a separate laundry will almost certainly fetch you a higher price.

A gas fireplace is not a must have, but it sure is a ‘nice-to-have’. Basements have a reputation for being cold. While you shouldn’t have any heat problems (as long as you have the right insulation and subfloor), a gas fireplace will impress renters and make the space feel cozier. Want more basement renovation inspiration? See <a href="https://www.hgtv.ca/shows/save-my-reno/photos/a-family-of-four-gets-the-basement-makeover-of-their-dreams-1900140/" rel="noopener" target="_blank">a family of four get the basement makeover of their dreams</a>.

Basement apartment bathrooms should have a toilet, sink, tub and shower. Having either a tub or a shower isn’t ideal. A shower without a tub won’t appeal to families, and a tub without a shower is just plain inconvenient for a lot of people. In most cases a shower/tub combo will do the trick. <br><br> Related: <a href="https://www.hgtv.ca/basements/photos/most-popular-basement-design-ideas-pinterest-1934822/" rel="noopener" target="_blank">Our Most Popular Basement Design Ideas on Pinterest</a>

Like a fireplace, heated floors are an added bonus that can make a basement apartment much more appealing. I would suggest the entryway, bathroom and laundry areas are sufficient enough, if you don’t want to go to the trouble or expense of doing the entire space. <br><br> Related: <a href="https://www.hgtv.ca/basements/photos/basement-bedroom-decorating-ideas-1939105/" rel="noopener" target="_blank">Basement Bedroom Decorating Ideas That'll Make You Forget You're Underground</a>

I don’t know why people think a basement apartment doesn't need nice, updated finishes. Hardware, light fixtures, faucets, and any other fixtures should be clean, modern and properly installed. <br><br> Related: <a href="https://www.hgtv.ca/scott-mcgillivray/photos/scott-mcgillivray-telltale-signs-bad-basement-renovation-1929022/" rel="noopener" target="_blank">Scott McGillivray on the Telltale Signs of a Bad Basement Renovation</a>

Sometimes you don’t have much control over the layout, but when there's flexibility, place the kitchen and living space as close to the entrance as possible, and have the main bedroom as far away from the entrance as possible. And in a basement, open-concept is always best. You’ll maximize light, and it will make the space look bigger.

Since ceiling height is often at a premium, recessed lighting is always best. Sure, chandeliers and pendants can look nice, but recessed lighting will get you the best bang for your buck, and it will look great. If you want to have a pendant over an island, or a decorative chandelier somewhere, go for it, but don’t do it at the expense of recessed lighting throughout. See more <a href="https://www.hgtv.ca/scott-mcgillivray/photos/the-very-best-basements-by-scott-mcgillivray-1902380/" rel="noopener" target="_blank">amazing basement renovations by Scott McGillivray</a>. <br><br> Related: <a href="https://www.hgtv.ca/basements/photos/20-easy-ways-to-brighten-up-a-dark-basement-1912447/" rel="noopener" target="_blank">Easy Ways to Brighten Up a Dark Basement</a>