Should You Buy a Property with a Mother-In-Law Apartment?, Should You Buy a Property with a Mother-In-Law Apartment?

Should You Buy a Property with a Mother-In-Law Apartment?

Rhonda Duffy

 

When you are buying a home for your family, there are many features that you need to consider to ensure that you pick the right home for the future. Find a home that has a big enough garage to store sports equipment and the family boat, a kitchen where you can host fun birthday parties, and a backyard with the perfect setting for a neighborhood football game.

What other features would you like to have in your perfect dream home? Some people see the benefit of including a mother-in-law apartment, which offers versatile uses in the future.

What is a Mother-in-Law Apartment?

Just because you have a separate apartment area, doesn’t mean that your mother-in-law will be living downstairs! This nickname is commonly used for homes that have another living space designed in the home but separate from the main area of the house.

By having an apartment available for family and friends, you can invite people to visit but still provide them privacy at the same time. These apartments usually have their own entrance as well as a kitchen and living space.

Sometimes, a mother-in-law apartment is built into a section of the house. Other times, these apartments are designed to fit over the garage or in a stand-alone building on the property.

Benefits of a Separate Apartment

Why would you consider choosing a home that has a mother-in-law apartment? There are many benefits that your family can enjoy. This space allows you to invite aging family members to live with you, without the need to share the same kitchen and living room. You have the convenience of having that family member nearby without being so close that everyone is uncomfortable.

This space can also be used for a “boomerang” kid: a child who moves away to college, then comes back again for some reason. The apartment gives your child a little bit of privacy to figure out the next step in their career.

Another great solution is to rent out the space to earn some income. If you want to live in a nicer home, but you need some help paying the mortgage, then a mother-in-law apartment is a way that you can generate the money needed to cover your monthly expenses.

If you are planning to rent the apartment, then you need to make sure that it meets specific regulations for your area.

Find a Home for Your Family

Having a mother-in-law apartment or other unique features can be a great way to maximize the value of your property. If you are looking for the right home for your family, then it is essential that you talk to our experienced team for more information. Call us at DUFFY Realty, and we will assist you in finding a property that will comfortably hold your family and guests if needed. We are here to help: (678) 318-1700

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