A mother-in-law suite is known by many names, such as a secondary suite, granny flat, and guest cottage. All these terms can describe various room configurations. The simplest definition of a mother-in-law suite is an addition to your home that contains a living area, kitchen, and bathroom. Its main purpose is to provide private living quarters close to the main home.
Not sure if adding a mother-in-law suite makes sense for your situation? If so, read on for four key benefits these suites can provide to your home!
- Family Comfort
Want to stay close to your aging parents while still giving them independence? If so, a mother-in-law suite is the perfect solution. Adding one to your home allows you to equip it with all the features and comforts your parents will need. The peace of mind you get from building a mother-in-law suite alone makes it far more appealing than an assisted living facility.
Of course, having family so close to you comes with other benefits as well. If you have small children, for example, your parents can provide childcare and emotional guidance.
- Privacy and Convenience
Even if you don’t have parents waiting to move in, a mother-in-law suite is still a great option for temporary house guests. When your out-of-town family or friends come to visit you, the suite can offer privacy and convenience. This arrangement is particularly helpful if you tend to have frequent overnight guests or need a living space for a nanny or a caregiver.
A mother-in-law suite is also perfect for adult children who need temporary housing. While they’re getting back to their feet, they can still maintain a sense of independence.
- Multifunctionality
Once it’s built, a mother-in-law suite offers a variety of uses to its occupants. For instance, if you work from home, using this suite as a home office is a great way to separate your work and home environments. Once you’re finished for the day, you can turn off the lights, close the door, and return to your work-free zone – also known as the rest of the house.
Depending on your needs, this suite can also serve as an art studio, recording studio, fitness center, massage parlor, and more. The opportunities are endless!
- Added Home Value
By adding permitted living space to your home, you’re increasing its market value and your home equity. Studies show that mother-in-law units add approximately seven to ten percent to your home’s property value. This is particularly important if you intend to use your mother-in-law suite as a way to earn extra income through rental or Airbnb guests.
If you want to build a mother-in-law suite for its rental income potential, consider the costs. In some states, for example, rezoning a property can involve a lot of red tape to deal with.