Homeowners are continually looking for ways that they can make their home work for them. From custom home details to minimizing their monthly mortgage payments, there are a variety of ways you can benefit from including money-saving features in your home. One of the biggest trends attracting buyers and homeowners alike is the mother-in-law suite.
So, what is a mother-in-law suite? Let’s discuss.
The Basics of a Mother in Law Apartment
A mother-in-law suite can come in many forms. Basically, a mother-in-law suite is a scaled-back version of a regular home. A home addition that is either attached or detached to your home, these suites generally have a full kitchen, bathroom, living room, and bedroom. From there, homeowners can decide which other features are included in their suite. Upscale versions may include amenities like laundry units, fireplaces, bar, etc.
Ideally, mother-in-law suites have their own entrance separate from the main entrance of the home. This separation gives the occupants the freedom and separation they desire without taking them completely off the property. However, some updated versions of the mother-in-law suite keep the apartment attached to the home in a separated area further away from all other rooms. Whichever variety you choose, as long as it has the basic necessities of a home, it can be considered a mother-in-law suite.
Now, that you understand what goes into a mother-in-law suite, let’s discuss why they are so popular in today’s market.
Benefits of Having a Mother in Law Suite
- Increase Your Home’s Value
Adding extra square footage will always result in higher monetary value no matter if you build an in-law suite or add an additional bathroom. However, since a mother-in-law apartment includes extra square footage, bedrooms, living space, a full kitchen, and a bathroom, you will get even more bang for your buck. When it is time for you to sell your home, your mother-in-law guest suite will most likely be one of your main selling points.
- Add Versatility to Your Home
A mother-in-law suite may seem like it is purely built as a dedicated space but is more versatile than you think. You can use it for multigenerational living like the name suggests, or for something else. Some homeowners use their in-law suite as a rental property for college-aged students or newly-married couples. You can even use it as a guest suite. However, be careful when you asked guests to stay because they probably won’t ever want to leave.
- Extra Space for Future Needs
When you add a mother-in-law-suite to your current home or include it in future home plans, it adds extra convenience to your everyday life. You will no longer need to worry about what will happen when you need space in the future. Whether you expand your family, invite a family member to live with you, or need to add versatility to your income, a mother-in-law suite is a wonderful solution. Also, if you want to convert the space into a dedicated fitness area, craft space, or art studio, you can.
- Grows With You
As mentioned briefly before, a mother-in-law suite can grow with you. As your family grows in size or years, you will most likely need more space. Fortunately, with a mother-in-law apartment, you will have all the space you need. Simply, convert the area to your needs, and you can minimize any future costs or needs. At the end of the day, a mother-in-law suite makes life less stressful as you know you have all the space you need to grow.
- Earn Money Now
Nothing sounds better than extra monthly cash flow. Now, with a mother-in-law suite on your property, it is easier than ever to become a property manager. You will be nearby your tenants to make sure they are keeping the space well-kept but far enough to have your own space. Another perk of renting out your mother-in-law suite is that it is more attractive to many tenants because it is in a nicer community than other properties.
Mother in Law Apartments by Aspire Construction
If you are ready to start benefitting from your home’s updated layout with a mother-in-law suite, look no further than Aspire Construction. Our experienced home builders work with you designing a home that fits the look, feel, and needs of your family. Get in touch with our experts today to get started on your plans.