Why It's the Best Time to Build an In Law Apartment
In law apartments, also know as mother-in-law apartments or secondary suites, are gaining in popularity even before the pandemic. The term “in law apartment” does not mean your in-laws have to live there, though of course that is the most obvious use. It simply refers to an addition attached or detached to your home that includes all the amenities offered in a full home, just in a smaller space. This usually includes a kitchen, bathroom, bedroom, living area, and possibly more depending on your budget. They can be built as an extension of your main floor, as a second level, in the basement or even on top of your garage.
Whether it’s time for your in-laws to move a little closer to home or even have the ultimate home office, an in-law apartment addition has numerous benefits.
An In Law Apartment Addition Can Increase the Value of Your Property
One question homeowners ask before building a mother in law suite is how it impacts resale value. According to the National Association of Realtors, home buyers are willing to pay extra for an in-law suite, according to a recent survey. Because not many homes include in-law apartments, having one can give you an edge when selling to today's multigenerational families. As with any home addition, however, it is important to remember that the value of the addition will increase or decrease depending on the quality of the construction and how well the new addition meshes with the rest of the original property. Finding the right builder who understands this is key.
An In Law Apartment Addition Can Add Extra Income
The rental from an apartment addition depends on the local demand for housing. If you live in an exclusive neighborhood or an area with desirable schools. you may find more demand. To get an idea of potential rental income, look for local rentals and see what they are fetching. Compare the amenities of your unit with theirs and set a price. Keep in mind that unless your addition has separate utilities, you'll need to cover those yourself. So make sure your rent includes enough to pay the extra utility bills.
An In Law Apartment Addition Can Add Extra Space and Flexibility
With many of you still working out of the house, this is a benefit most of us understand immediately. Having a separate space for that home office could be the ultimate dream for most homeowners. Home offices tend to increase the value of homes, says Walter Molony, spokesman for the National Association of Realtors., so many buyers will pay extra for homes with offices. Combining that with the flexibility of a self contained mother-in-law suite will make your home the most appealing of all.
An In Law Apartment Addition Keeps Your Family Safe and Close
The traditional reason most people are looking into In Law Suites at this time is to keep an eye on your aging parents or allowing your growing children a place to start their independence. An in-law addition allows you to take your parents’ needs into consideration: do you need a ramp for Mom’s wheelchair or a walk-in tub for Dad? There’s no better way to make sure your parents are safe and comfortable while still giving them some privacy than with an in-law apartment. As with any type of addition, finding the right builder is important, but finding one who understands and is experienced with handicapped accessibility is critical.
Finding the Right Contractor
Murphy’s Building & Remodeling in Hebron, Connecticut has extensive experience in in law apartment additions as well as handicapped accessibility. Having worked with Connecticut’s Veteran’s Affairs and wounded veterans for several years, Murphy’s Building & Remodeling has the experience needed to ensure all special needs can be met including walk in showers or baths, safety rails, wheelchair ramps, state approved hallway and door widths and much more. Please see our website for photos of recent work or see our 5 star reviews on Google.
Call us today or use the button below to send us a message. We look forward to helping you create that perfect In Law Apartment Addition.