In more and more homes across the country, people are choosing to add an in-law suite. These spaces are complete apartments that have everything necessary to sustain daily life; kitchen, bathroom, living space, and room to sleep.
These all-inclusive spaces can completely change the function of your home, making it possible to host more people or have more space for enjoyable hobbies. But it’s also a big investment that should be taken very serious. It’s not something to jump into blind without careful planning!
We know there are so many benefits of having an in-law suite and we’re highlighting the biggest to help you decide if this kind of addition is right for your home!
Security for the Future
No matter how much we try to plan ahead, the future is always really unknown. Things like our health or careers can change in a heartbeat, leaving us little time to figure out what should come next.
When you have a construction firm build you an in-law suite on your property, you give yourself some peace of mind and security for any of those major life changes that can come unexpectedly. You’ll feel more confident that if there’s an emergency with a loved one, you have the space to take care of them as needed.
These spaces are often used as a place for elderly family members to come and stay when it becomes unsafe to live alone. It’s the best of both worlds where there is still a level of independence and privacy. But they still have help close by!
Added Flexibility to the Home
The name in-law suite implies the space has to be inhabited by a guest of the home. But that’s simply not true!
Having this kind of extra square footage is a great way to have the ability to make your home work for you. You can be more flexible in using the spaces as you have this flex space which can be transformed into whatever you need.
If you change careers and need a larger office space, (even one where you can hold meetings) an in-law suite is a great option for that. Or maybe you’d like to have somewhere to develop a talent like painting or need a quiet place to relax at the end of the day. Whatever the case may be, having this excess space allows you the freedom to create a home that works for you.
It’s important to remember that the space doesn’t have to stick to one use, you can change it however you’d like and whenever you see fit.
Potential Renters Income
For most people, the possibility of a side hustle and some extra income is an exciting prospect. The chance to earn money that could help pay off debts, work towards a financial goal, or just be the fun spending money is exciting!
A financially smart homeowner chooses to use their in-law suite as a rental property to make that additional money.
There are so many ways to go about this opportunity, you can really customize the experience to fit your family’s desires and specific situation. You could find long-term renters or turn the space into an Airbnb that’s used for smaller increments.
Check out https://actonadu.com/ for more ideas and inspiration for how to make your new in-law suite work for you and make you some extra money on the side.
Increase Home Value
Obviously, more livable square footage is more desirable and adds more value to the home. This is especially true of in-law suites because they have everything they need to be fully sustaining.
A fully competed in-law suite is like a whole additional home on the property. It’s an exciting prospect for potential buyers and an added incentive to consider buying the place. If you think you may end up selling the place in the future, this is a good place to invest to make your property more marketable.
Not every addition made to a home will add to its value, so it’s a good idea to talk to someone in the construction industry and some of the best general contractors to get their professional opinion. A financial professional will have some helpful advice and opinions as well!
Unique Interior Design Opportunity
One of the most fun aspects of being a homeowner is the opportunity to add some design and flair to the space. It’s your chance to express your personality and style in a way that people can easily see. Designing your space also makes it feel more like home and your safe space to land.
Sometimes it can feel daunting to try to pull together your whole house. You want it to feel cohesive and that can be overwhelming in the grand scheme.
So having a smaller space to focus on, like an in-law suite, that’s not connected to the rest of your house is sometimes easier to try something new. You can think of it as a test sample where you’re experimenting with an idea to see if it really fits you or not.
Benefits of Adding an In-Law Suite to Your Home
Adding an in-law suite to your home is a big undertaking, not a small home project you can tackle on a Saturday. But the positive benefits it will add to your home are worth all the extra monetary investment and energy it takes to get the job done.
When you increase the livable space in your home, there’s a whole new realm of possibilities for the way your home works for you. It’s exciting to think about all the ways this could change how you live in your home and how your day-to-day life can function better. Not to mention the help it could give to loved ones if needed!
If you’re interested in learning more about making your house a home and ways to improve your living spaces, check out our other articles today!