Once upon a time, visiting your friends meant crashing on their couch for a couple of nights. Whether it was a hometown buddy visiting you at college or a friend who had one too many drinks and could not get home – a couch was always an option.
For some of us, even couches were a luxury! At some point in your early twenties, you must have camped out on an air mattress on the floor of your friend’s studio. Sure, we did not have many options but times were simpler.
However, today those things would be quite distasteful. Imagine inviting your friends and family out of town for a visit and having them sleep on your living room couch or jumping over them on your way to the kitchen! Not only is it uncomfortable, but it is a sign of being a bad host, which none of us want to be. Click on this link for signs that you could be a bad host https://www.wisebread.com/14-things-good-hosts-never-do
If you are the type of social butterfly with a network of friends all over the country, you might have had the forethought of buying a house or an apartment with an extra guestroom when they decide to come over. And that is undoubtedly a smart choice! Unfortunately, a room can sometimes not be enough to accommodate all of the guests you have, and that is not even mentioning the line for the bathroom in the mornings!
These are some of the many reasons why some homeowners opt for building a guesthouse. It solves a lot of the problems we just mentioned and can contribute a lot of advantages in the long run. Stay with us as we outline some of the significant benefits of having a guesthouse on your property.
More than just a house
Many people think of guesthouses as unnecessary additions to their property that take up space that can be used in other ways, like for pools or gardens. But what you need to understand is that this structure is more than just an additional building; it is an extension of your own house. Visit this site for more information.
First of all, adding a guesthouse to your property will drastically increase the value. If you ever decide to put your house on the market, you could ask for a higher price than you originally purchased it for, thereby making a profit off of it!
Secondly, it is a convenient living quarter for any hired staff or employees. In case you require the services of a live-in nanny or an au pair, you could ask for a lower rate if you provide them with their own private space. Not to mention having them close by at any time would be an immense help if you have small children.
A third reason why you should go for owning a guesthouse is its versatile uses. Namely, sometimes family members need some time away from each other, and having space where one can go to relax can be a godsend.
Additionally, it can provide a fitting location for your kids to hang out with their friends without bothering you or the other way around. Whether through converting it into a home theater, or a game room, there is plenty of ways to make it appealing to children of all ages.
Also, in these times of constant working from home, a guesthouse could pull double duty and act as your home office. You can take your time and attend Zoom meetings without the constant noise and distractions in the background.
A guesthouse could also be an excellent option for earning some extra cash on the side. Indeed, you could accrue some passive secondary income by renting it out on websites like Airbnb. It provides the perfect opportunity to make some money and return on your investment by letting others pay you for using it when you are not doing it yourself. Plus, due to its close location, you can keep an eye on it the entire time!
Lastly, while guesthouses are ideal for family and friends’ visits, they are also a good temporary solution for relatives who have fallen on hard times. For people who have elderly parents that might need to be taken care of, this could also be a perfect solution. It offers both parties privacy as well as the necessary close distance to help out with health issues or difficult tasks.
Some closing thoughts
Although all of these advantages might sound attractive, building an additional structure on your property by yourself might be quite an uphill task. The good news is, you do not have to do it from scratch!
If you already have a garage on your land, regardless of whether it is attached or not, you can build a floor and a couple of rooms on top of it! Studio apartments are in high demand, but they are not that difficult to construct and can be used for a variety of reasons. However, we would still recommend looking for advice from a professional who can give you advice and make sure everything is well-constructed and up to code.
As we have seen so far, the benefits of owning a guesthouse are genuinely endless! This extra building can be repurposed in so many ways for everyone’s tastes, all the while repaying for its investment over time.
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