As nursing homes and assisted living facilities continue to become more expensive, in-law suites are becoming increasingly popular.
Purchasing a home with an n in-law suite or is a fantastic way for young homeowners to give their aging parents the assistance and care they need without breaking the bank in an effort to do so.
One example of a home with a fantastic in-law suite is 3339 Mosey Lane in Murfreesboro, TN, which is currently for sale. This 5 bedroom, 4 bath home has a magnificent in-law suite that has its own large bedroom, living room and bath.
Here are a few of the many major benefits having an in-law suite provides.
Improved Quality of Life
It’s important for the elderly to maintain their independence, which is difficult for them to do when placed in a nursing home or assisted living facility.
With an in-law suite, older parents are able to receive quality care when and where it is needed without giving up their independence in order to do so. In in-law suites, parents are able to stay comfortable as they will have their own living area - including a kitchen, living room and bedroom.
Not only does an in-law suites allow older parents to stay comfortable and maintain their independence while living with their son or daughter, but it also is far less costly than other senior care options, especially when purchasing a home that already has an in-law suite inside of it. Nursing homes can completely drain one’s retirement savings, and in-law suites - other than construction or additional value upon purchase - doesn’t cost a dime extra.
Additional Living Space
Despite the name, there isn’t a written or unwritten rule stating in-law suites have to be used for in-laws. Therefore, the versatility of having one inside your home can add much-needed living space inside of a home.
There are a number of ways to use the additional space that owning an in-law suite provides. One of the best ways to utilize the space is by simply providing guests with a fantastic living area when they visit. Although a guest room isn’t a new concept, a guest room with a kitchen and small living room is sure to impress any visitors that may come your way.
Another fantastic way to utilize the additional space is to use it as storage space. Although I would recommend keeping it neat and orderly, you can always throw an out of place box into the bedroom of the in-law suite and not have to worry about a cluttered home.
Lastly, let’s not forget about the added home value the additional square footage will bring. Many homeowners will do anything to improve their home’s value in an efficient manner that yields a return on their investment. Purchasing a home with an in-law suite or adding one on is a fantastic way to do just that.
Support for Children
To those who have children, you know how difficult it can be to raise kids. When a parent or in-law is living in your in-law suite, you can add an extra caregiver for those moments you are simply worn out.
The fact of the matter is children love grandparents, and adding an in-law suite is a fantastic way to allow them to spend time with their beloved grandparents. It is fantastic for everyone: you, your spouse, your children and your parents or in-laws.
Annette Masterson is a licensed broker with EXIT Realty Bob Lamb & Associates in Murfreesboro, TN. She has developed one of the most successful real estate teams in Rutherford County, known as Masterson Network, that specializes in new home construction and residential listings and sales throughout Middle Tennessee. You can email Annette at mastersonnetwork@gmail.com or call her at 615-896-5656 (Office) or 615-533-1660 (Cell) for more information.