Want To Get More From Your Home? 3 Real Reasons To Add A Garage Apartment
Posted on: 28 February 2018
Even though the current real estate market continues to offer some very good opportunities for homeowners who want to sell now, those who plan to sell in the future may still want to take proactive measures to boost the value of the family home, helping to ensure that it will continue to rise in value. For decades, one way in which homeowners have succeeded in doing this has been by adding additional living space to their homes. For example, some may finish an unfinished basement space into family rooms, bedrooms, or other living spaces. If you are a homeowner with no basement space or one whose basement is already finished, adding a garage apartment can be an even better way to accomplish this goal and here are three very good reasons why.
Income potential to offset the costs of home ownership
Rental housing is in demand across much of the nation, so it makes sense to explore the potential of adding a rental apartment to your current home. Rental income form a garage apartment could be used in many ways, including helping families meet their current housing costs, save for children's college costs, or create a nest egg for retirement. When the time arrives to sell the home, a well-designed garage apartment can add a significant amount to the value of the home. Before pursuing this type of improvement, always check with your local zoning commission to make sure that you can legally make this type of improvement.
Private space to host visiting families or grown children
Having grown children return home for long visits with their spouses and children is a joyful time in a grandparent's life, but it can also result in a lack of privacy and crowded, hectic conditions for all concerned. Adding a garage apartment for use as a private guest suite is an excellent way to make grown children and their families feel even more welcome while still ensuring plenty of privacy for everyone.
Comfortable, convenient housing for elderly parents
Unlike basement apartments, adding a comfortable living space for elderly parents will not require them to risk injuries from falling while climbing stairs. Most garage apartments can be added at the same level as the main floor of the home. In addition, garage apartments are naturally sheltered by the exterior walls of the garage, which helps to ensure that they are comfortable and easy to heat and cool, even in extreme weather conditions.
To find out just how much potential value is possible by adding a garage apartment to your home, contact a reputable real estate professional in your area. You can also click here for more information.
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