Hello Kathy - Here Are Your Articles for Friday, October 28, 2016
Is this email not displaying correctly?
View it in your browser .
Kathy Healy
Kathy Healy
Broker Associate
(630) 567-6345
1772 S. Randall Road
Geneva, IL 60134
Friend Me on Facebook Follow Me on Twitter Connect with me on LinkedIn
My Website
Free Reports
Featured Listings
Free Home Valuation
Share Save

Is a Mother-in-Law Suite Right for You?


Sure, you may not have planned for your elderly parents to one day live with you and your family. What if you don't have the space? What if you can't afford to move them into a retirement or care facility? If you haven't looked into a home with a mother-in-law suite, perhaps you should take a look at a house with this add-on apartment.
One of the added benefits is the saving in costs of care. For elderly parents who require some care but don't require full-time help to manage their daily activities, a mother-in-law suite can help reduce expenses. Costs associated with living in a retirement community, hiring live-in care, or care in a similar facility can be enormous. 

When you add in the costs of medication, health care and other miscellaneous expenses, the total can be even higher. For many families, therefore, a home with a mother-in-law suite is a great idea.
Greater independence
A common issue with caring for elderly parents is their fear of losing independence. In a home with a mother-in-law suite, aging parents can feel independent in their own space, since most suites include a small kitchen, bathroom, living space and bedroom. This separate space, while not always a large area, offers a sense of independence and allows parents to keep their own privacy and interact with family members at their leisure without feeling like a prisoner or a burden. This also relieves some stress for family members, knowing that parents can enjoy their own activities while remaining close should any issues arise.
Along with independence, sharing space with other family members can also improve the quality of life for aging parents and family members. Grandparents can feel needed while spending time with their grandchildren, and family members can feel comfortable knowing that additional adults are in the home, which offers more flexibility when it comes to work schedules and other activities. 

It also helps to have some added support for parents when grandparents are available to verbally, emotionally and physically support children in the home. Grandparents are wise and knowledgeable, and they've done this before! It's an added way to bring a level of closeness among family members in the household while offering a positive influence.
Perfect for guests
Even if you don't have elderly parents or aren't ready for your parents to move in, having a separate suite is also convenient for guests. No one wants to be a burden when visiting friends or relatives. Having a separate but nearby space allows both your family and your guest to feel comfortable during a visit. Guest don't have to feel as though they are bothering or troubling anyone should they get hungry or want to make a cup of coffee. Family members can feel comfortable at home knowing their guests are located in a different area, and they can relax even though they have company.
So who should be purchasing these types of homes? Families that one day may have the responsibility of having to care for their parents should start thinking of what alternative options they can manage, including homes with a mother-in-law suite. With so many added benefits of having a home with an extra apartment, don't wait until it's too late. Start planning now.

Share Save

Your Comments

Saved Articles
Comments and Feedback
Refer A Friend
Your Privacy
The information provided in this email newsletter is for general guidance only, and does not constitute the provision of legal advice, tax and accounting advice, real estate investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional real estate, tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Home value estimate calculators provided herein are general estimations based on publicly available data and should not be used as a substitute for a professional appraisal. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
Powered by
Copyright © HomeActions, LLC All rights reserved.

This email was sent to: kathy@kathyhealy.com

Mailing address: