A mother-in-law apartment, or sometimes commonly referred to as a guest suite, is a separate “extension” of your house, equipped with its own entrance, bedroom, bathroom, kitchen and living room. While it may be a benefit to many, it can also be a waste of time, money and space if not utilized properly.
Before you contact your home improvement contractor to arrange the construction of a mother-in-law apartment in your home, here’s what you need to know.
The most obvious benefit to having an extra living space is that you can accommodate a live-in nanny, aging relative or any other family members. This will help you save money on housing expenses and living in close proximity to members of the family means you can attend to their needs quickly, and they can easily give you assistance when necessary as well.
Additionally, you may also use the space to generate some extra income. Renting out your mother-in-law apartment is a great way of raking in some extra cash that can help you pay maintenance such as siding installation services or roof repairs.
It’s also be good to note that having an in-law suite will most certainly increase the value of your home. Adding extra square footage to your main house will give you a higher listing price when you decide to sell your home later on. Moreover, for buyers with large families or those wanting extra rental income, the extra space will be an attractive feature.
Unfortunately, another house means another set of expenses. This means you also have to pay for utility bills associated with the guest suite on top of what you are paying for your own home.
If you are a resident of Yonkers, NY looking for a contractor that can help you with your home needs – from residential window replacement services to interior redesigning – look no further than Empire State Builders and Contractors Inc. With our expertise and experience, you’re sure to make the most of your home improvement investment. To learn more about what we can do for you, simply give us a call at (844) 682-2990 or fill out our online contact form. We are looking forward to serving you.