America's population is growing older, with over 72 million people reaching the age of 65 or older by 2030. If you're already wondering how you're going to deal with your parents or other family members needing more care, consider taking the time to build a mother-in-law suite now. This timely home improvement is useful for far more than just moving in aging loved ones, but it's worth investing in before you need it rather than waiting until you're pushing for a last-minute renovation.
Suites vs. Separate Dwellings
Small suites that only include bathrooms, bedrooms, and living areas are usually much easier to build, both physically and with regards to permits and local building codes. Extending an existing living space without adding a kitchen is more affordable and easier to get approved in an area with restrictions on expanding residential properties. Almost every homeowner in the country can get permission for an in-law suite that is built within or onto their existing home.
Designed for Accessibility
An in-home suite is a great option for anyone who plans to care for someone with mobility issues because it's easily designed for accessibility. Building wide doorways, keeping everything on one level with flush door thresholds, and building halls and small spaces to accommodate wheelchair access is all much easier from scratch. Modifying your entire home to fit the needs of an aging or disabled family member can cost far more than just adding a new space that fits their needs.
These kinds of suite-style home extensions are one of the most valuable renovation projects to add to a home because of the sheer amount of useful living space you add. Even if your parents never end up living with your family, there's a good chance you could use a much larger master bedroom suite, the extra space for giving guests a comfortable and home-like stay, or even a home office complete with a second entrance for clients. Almost any homeowner can benefit from the addition of a suite, even if it's just to increase the home's value and attractiveness to buyers who do have aging parents to care for.
General Home Value
The exact value of an addition varies depending on demand and how well it blends in with the rest of the home, but most homeowners recoup about 50% of what they spend with increased home value. Considering that many renovations only give you 20 to 30% return, it's clear that suites are in demand and well worth the investment.
Want to learn more about this particular type of home improvement project? Call us here at Quality Craftsmen to find out exactly what's possible within your budget and needs. We'll help you design a custom suite that looks great and makes your guests feel treasured.