People all over the world are spending time and money to improve their homes. In fact, the worldwide home improvement market is expected to surpass the trillion-dollar mark by 2027. The backyard mother-in-law suite is a smart improvement that will help you add significant value to your home.
We all know the drill – when the in-laws roll into town, the options seem to be either embracing the chaos within your home’s walls or booking the nearest hotel. But what if there was a third option that saved your sanity and added a few extra zeros to your home’s resale value?
A cozy cabin or a quaint shed tucked away in your backyard is a haven for your in-laws or parents when they visit. It’s not just about providing a place to crash; it’s about upgrading your rental property..
With tiny houses becoming the latest craze, we’re not just talking about any old guest room – we’re talking about a stylish, space-efficient solution that caters to your family’s comfort and adds a touch of flair (and value) to your property.
How to create a welcoming tenant experience
A well-designed mother-in-law suite is typically a standalone setup, like a tiny house, but with a specific purpose – being the VIP guest quarters. Picture a small building, like a shed or a cabin out back, as your customized getaway for family and friends.
You can deck it out with all the comforts of home – a bathroom, a cozy bed, maybe even a mini kitchen if you’re feeling fancy. The beauty is it’s a blank canvas waiting for your creative touch. Want a lofted bed? Go for it. Dreaming of a fireplace for your property? Why not?
There’s no limit to what you can do. Add a touch of luxury, make it cozy, or throw in some quirky features – the choice is yours. It’s not just about style, it’s about creating a space that suits your tenants and makes then feel like they have stumbled upon a hidden gem.
The many benefits of extending your home
Now, you might be sitting there, contemplating whether turning that neglected backyard corner into a mother-in-law suite is worth the effort. Well, buckle up because we’ve got a truckload of reasons why this could be one of the smartest moves you make for your home.
Let’s face it – privacy is like gold, especially when it comes to family visits. Mothers-in-law, bless their hearts, can be a tad nosy. But fear not because with a backyard mother-in-law suite, you’re handing them the keys to their very own kingdom. It’s a win-win – they get their private sanctuary, and you get to keep your sanity. Plus, it’s not just for the in-laws; it’s a game-changer for any guests. Is your tenant expecting guests? They can point them to the backyard. Problem solved.
Rental Income Potential
That backyard suite of yours? It’s not just a cozy retreat for family; it’s a potential money-maker. Ever thought about renting it out when the in-laws are MIA? Or, here’s a wild idea – Airbnb it. Turn that unused space into a cash cow. It’s like having your own little side hustle right in your backyard. Extra points for you if you make it pet-friendly.
When your house is buzzing with guests and every nook and cranny is occupied, the backyard mother-in-law suite creates convenience. It’s the go-to spot for overflow, saving your guests from shelling out on pricey hotels. They get a cozy space, and you get to keep your personal living space. It’s like having a spare room without sacrificing your own comfort.
Creating a mother-in-law suite that adds maximum value to your property
Making your mother-in-law suite the kind of space that wows your guests and sends your property value skyrocketing is easier if you are aware of the following considerations:
- Safety First: We’re not messing around when it comes to safety. Your backyard retreat needs to be a sanctuary, not a hazard. Installing smoke detectors and fire extinguishers, good door locks, and a security system are non-negotiables.
- Private Entrance: Privacy is the name of the game. Give your guests their very own entrance. No more awkwardly tiptoeing past the kitchen at 2 AM to get a midnight snack. They can come and go as they please, which adds a touch of independence to their stay.
- Bedroom Bliss: A mother-in-law suite without a comfy bed is like a sandwich without the filling – just not right. Invest in a bed that screams, “Welcome, weary traveller.” Temperature control is key, so make sure the room is as cozy or cool as your guests like it. Toss in some pillows and blankets for that extra touch of luxury.
- Storage Solutions: Storage – you can never have too much of it, and your backyard suite is no exception. We all know the struggle of finding a spot for our stuff. Efficient shelving, storage areas under the bed, vertical shelves, the lot! Give your mother-in-law or other guests a space where they can unpack and settle in without feeling like they’re living out of a suitcase.
With these essentials, your backyard mother-in-law suite isn’t just a guest room; it’s a mini paradise that adds serious value to your property!
Did you do it? Are you a landlord now?
If this article inspired you to add a mother-in-law suite and start renting it out, congratulations, you’re a landlord! Now that you’re in the club, you’ll want to bookmark RentRedi. We believe that managing rentals should be easy and provide world-class support and resources that are continually being updated to ensure it.