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41. Suite Living: Unveiling the World of Garden Suites with Jacob Sofer, CEO of MetroSuite
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Welcome to this exciting episode with Jacob Sofer, the CEO of Metro Suite. Today, we delve into the fascinating world of garden suites, exploring where they can be built, what they entail, associated costs, benefits to homeowners, and much more. Jacob, thank you for joining us!
Jacob Sofer
Founder and CEO
W: (416)-253-7400
www.metrosuite.ca
Show Notes: Episode with Jacob Sofer, CEO of Metro Suite
Introduction:
- Welcoming Jacob Sofer, CEO of Metro Suite.
- Exploring the world of garden suites—where they can be built, what they entail, costs, benefits, and more.
Metro Suite's Expertise:
- Metro Suite specializes in modular backyard homes.
- Full project management from start to finish.
Garden Suites Unveiled:
- Introduction to the concept post new bylaws.
- Building a second home in your backyard with just a building permit.
Models and Flexibility:
- Two main models: Metro Suite 1 and Metro Suite 2.
- Catering to different needs and lot sizes.
- Flexibility in building on various property types.
Construction Process:
- From factory construction to turnkey solutions.
- Timeline: 4 to 6 months from permit to completion.
Benefits of Garden Suites:
- Multigenerational living arrangements.
- Space for adult children, parents, or as rental properties.
- Real-life example of a family using a garden suite for their son.
Regulations and Bylaws:
- Municipal bylaws, lot sizes, and differences between garden and laneway suites.
- Aim of Garden Suite bylaws: increase housing accessibility.
Pricing and Transparency:
- Pricing structure breakdown for Metro Suite 1 and Metro Suite 2.
- All-inclusive coverage: site work, foundation, utilities, and fully built home.
Warranty and Confidence:
- Seven-year Tarion warranty for Metro Suite homes.
- Ensuring quality and reliability.
- Importance of warranty for customer confidence and security.
Eligibility and Verification:
- Initial steps for homeowners: filling out a form on Metro Suite's website.
- Site visits and steps to determine property suitability.
Financing and Investment:
- Financing options, mostly using home equity line of credit (HELOC).
- Metro Suite's deposit structure and requirements.
Strategic Investment:
- Potential buyers actively seeking properties with space for a garden suite.
- Turning it into a wise investment strategy for additional income.
Showroom Visit:
- Encouragement to visit Metro Suite's showroom for a firsthand experience.
- Excitement about the inclusion of relevant links and information in the show notes.
Conclusion:
- Comprehensive overview covering eligibility, timelines, pricing, warranties, and investment opportunities.
- Jacob's insights valuable for those considering a garden suite addition.
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