According to Miriam Webster,a mother-in-law apartment is 鈥渁 small apartment that is part of or next to a houseand that is used especially as a place for an older relative to live.鈥?This can look different in every home. Some are garage apartments or built more like a duplex. Others are on the property,but separate from the main house.
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What is a mother-in-law apartment?
Oftentimes, a mother-in-law apartment is referred to as a mother-in-law suite, guest house or in-law suite. These spaces could be a finished basement apartment, a converted garage or a detached guest house. They typically include a bedroom, bathroom, kitchen, living space and a separate entrance from the primary home.
Does a mother in law apartment add value to a house?
The study found that 鈥渁 finished basement and in-law suite were the two most desired aspects of a home that buyers would be willing to pay more for.鈥?Bottomline: having an attached or detached mother-in-law apartment is a great way to increase the value of your home and improve its resale potential.
What are the pros and cons of a mother-in-law apartment?
This is an excellent low-cost alternative to having to pay for their pricey housing expenses. In addition, the close proximity and convenience of a mother-in-law apartment allows the owner to live near the occupant while still retaining their own separate living space.
What is an in-law apartment?
As is probably pretty obvious, the term in-law apartment comes from the idea of keeping in-laws or a mother-in-law, close鈥攂ut not too close鈥攊n a separate apartment that is part of your house. An in-law apartment can also be in a separate structure on the same lot, such as above a garage, or a freestanding structure of its own.