Friday, December 2, 2022

Homes With Inlaw Suites For Sale In Virginia

Does A Mother In Law Suite Add Value To Your Home

Renovated Richmond Home for Sale 5248 Jahnke Rd. 5 BR 3 Bath w/ Inlaw Suite

Having a mother in law suite in your home can be an attractive quality for buyers, but how much value does it really add? Real estate market trends are constantly changing, including the features that buyers crave most.

Having a mother in law suite can be appealing for buyers that need one, but the upkeep and potential ongoing costs of it can be turnoffs to others. Lets explore the pros and cons of a mother in law suite on your property to see if this investment will be profitable in the long run.

The Cost Can Outweigh The Value Though

In short, MIL suites offer far more than a chance to boost your homes resale value. But the staggering cost should make any homeowner think twice. Typical in-law suites can cost anywhere from $5,000 to over $100,000. It depends on your current homes layout and room availability, construction costs in your area, and the features you want to include. A bathroom alone can easily reach $25,000. The more intense your addition, the harder it will be to see an ROI when you sell your home.

Before you build, consider the value of the overall benefit this extra space will bring to your home. Even if you dont get your money back on the resale, having your family close by or having an extra revenue stream might be more valuable.

Property History For 4301 Briarwick Dr

This property was sold thrice in the last 35 years.

  • Sold $12,900 below the listing price.
  • $104,800 markup since last sold 0.5 years ago.
  • Listing sold by with RE/MAX Commonwealth

  • Price decreased by $2,000 .
  • Price decreased by $10,000 .
  • Price decreased by $10,000 .
  • Price decreased by $5,100 .
  • Looking for a mother-in-law suite. If so, don’t miss out on this lovely brick rancher with a walkout basement home! Home has new paint and new flooring has been installed. Large family room on main level with a fireplace. There is a huge eat-in kitchen with an oversized breakfast nook large enough for the whole extended family. Breakfast nook opens to a large entertaining deck. New Granite counters & new appliances add to the value of this kitchen Plus a large walk-in pantry. Private master suite with an updated master bath. Walk-in shower with new ceramic tile. New tile floors and a new bath vanity complete the master suite. Two additional bedrooms, a laundry area and another updated full bath located on main level. Downstairs in the walk-out basement is an awesome mother-in-law area with 1 bedroom, a living area, and a large full bath. There is a kitchenette in mother in law suite. This area could also be used as a man cave, rec room or home office as it also has a separate private entrance from the paved rear driveway. Next to the mother-in-law suite are 2 additional bedrooms and another full bath. Large oversized garage attached to basement that accesses the rear driveway.

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    The lush landscape and fertile soil attracted the first European settlers to Rockingham County and continues to drive people to the area today. Agri-tourism, exploring the great outdoors and agricultural attractions encourages people to visit local farms, vineyards, orchards, and markets. Discover hidden waterfalls and breathtaking vistas. Hike along the Appalachian Trail. Explore the George Washington National Forest or go on an adventure in Shenandoah National Park.

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    Find A Certified Contractor

    Homes For Sale With Mother In Law Quarters

    Look for a contractor who has built in-law apartments before and is a certified aging-in-place specialist. Contractors with this designation can be immensely helpful during the building process, providing advice and design ideas to make your in-law suite as functional as possible. The National Association of Home Builders maintains a searchable database of members who have earned their CAPS designation, allowing you to easily find a specialist near you.

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    What Does A Mother

    There is no one way a mother-in-law suite should look like. While at minimum, a mother-in-law suite needs a full bathroom and a bedroom, many in-law suites come with considerable amenities including a full kitchen, a living room, and additional bedrooms or living spaces. Depending on your needs, mother-in-law suites can be as basic or as extensive as youd like.

    Some mother-in-law suites are completely detached from the main home, for instance, a small cottage or converted garage. In the Southwest, mother-in-law homes are called casitas, which are fully independent and functional small dwellings.

    You can also convert an attic or basement into a mother-in-law suite as well. Keep in mind, attic and basement mother-in-law suites may not always be ideal for some buyers, as aging parents may have more difficulty navigating stairs.

    Check Your Local Building Codes

    Your local building codes will determine what features you can add to an in-law suite. If youre thinking of building an addition, you will usually be limited to a bedroom, bathroom, small kitchen and sitting area. Adding a full kitchen or separating the unit from the main home will require separate permits or may even be banned by local zoning rules that prohibit residential areas from building rentable properties.

    Other common requirements for in-law apartments include:

    • Full-time residence on the property where the suite will be built.
    • An outside entrance into the dwelling, separate from the main house entrance.
    • Access to off-street parking, such as a garage or driveway.

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    Find The Right Spot For Your In

    As with real estate, in-law suites are all about three things: location, location and location. Depending on whats allowed in your city, you could convert your garage, attic, basement or even your porch into a suite. For home additions, the best spot to build off is an underused room on the first floor, ideally located near an existing bathroom.

    Mother-in-Law Suite Plans

    Planning out a simple and efficient design for your in-law apartment is the best way to keep your loved one safe, while also maintaining their independence and privacy. Providing this space in your homes basement is usually the most cost-effective way to add a living space. But, depending on your parents age and abilities, having a walk-out basement or garage level apartment might be ideal to avoid troubles with stairs.

    For a comfortable living space, the three key in-law suite rooms to include would be a bedroom, full bathroom and a full kitchen or kitchenette area, if possible. This will give your parent the autonomy to still bathe and cook on their own accord without overlapping with your familys different schedules.

    Houses Edmonton Inlaw Suite

    Richmond Home For Sale Inlaw Suite & HUGE Master Suite 5 BR 3 Bath Large Lot New Carpet & Paint

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    Search By Price Range Bedrooms Bathrooms Square Feet Acreage Etc

    Homes for sale in virginia beach with inlaw suite. Search 4 bedroom homes for sale in Virginia Beach VA. Wayne Homes is proud to make our own contribution to the cause. 2106 Great Neck Square.

    There are currently 2 homes for sale matching mother in law suite in Virginia Beach at a median listing price of 315K. Find the best offers for your search mother law suite virginia beach. View photos pricing information and listing details of 233 homes with 4 bedrooms.

    909 Glenfield Ct Virginia Beach VA 23454. This property boast 2 bedrooms with private En-suites. Detached two car garage.

    Find virginia properties for sale at the best price. Virginia Beach home for sale. 300 Virginia Beach VA 23451 757-425-2500.

    Register as a member and save your favorites. 1st floor guest suite w full adjacent bath. Virginia Beach VA 23464.

    1109 sq ft downstairs. So everyone has their own space. View 888 homes for sale in Virginia Beach VA at a median listing price of 310000.

    48 Homes For Sale in Indian River Chesapeake VA. Some of these homes are Hot Homes meaning theyre likely to sell quickly. 1 bath mother-in-law suite downstairs.

    View listing photos review sales history and use our detailed real estate filters to find the perfect place. On paved state maintained road. This 4 bedroom 3 and 1 half bath home in Virginia Beach is conveniently located in a cul-de-sac.

    15 Properties in Virginia Beach from 2295. Jack jill bedroom could also be a separate mother-in-law suite. Multi Family For Sale.

    What Is An In

    An in-law apartment is a private space for in-laws and parents that is usually attached to or located on the same lot as their grown childs house. Many in-law suites are custom-built home additions, though converted garages, basements and stand-alone guest houses are also common. These types of dwellings are also referred to as mother-in-law suites or granny apartments.

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    Exact Value Depends On Your Unique Market

    There is no hard figure on how much value a mother in law suite adds to your home because every real estate market is different. Buyers are looking for different features at different times, though an extra suite is likely to stand out for many reasons.

    If you want to calculate the value of your suite, determine what its really worth. If you used it to save money on in-home caregiving or retirement homes, what would you have spent on these things if you didnt have the suite?

    If you made money through short-term rentals, what did that income amount to? Also, think about what it would cost to add an in-law suite in the future. These things can all translate extra value to the right buyer.

    These Suites Add More Than Monetary Value

    Durham Homes for Sale with In

    One of the biggest questions homeowners ask before building a mother in law suite is how it impacts resale value. In some markets, this feature is highly sought after, especially given the fact that baby boomers are reaching retirement age. In fact, a survey from the National Association of Realtors found that 20% of buyers would be likely to pay more for a home if it had a mother-in-law suite.

    But before you consider how much of your investment you can recoup, first consider the additional benefits a MIL suite will bring you. If you have aging parents, you may one day face the choice of placing them in a retirement home or investing in in-home care. Having an in-law suite in your home allows your relatives to enjoy in-home comforts and privacy, plus it can be more cost-effective.

    If you dont have relatives that may need to come live with you, consider investing in a suite for extra income. Though touted as being living spaces for in-laws, these suites can be used for any type of guest. Many people are listing their suites on short-term rental websites like Airbnb for extra cash. Other homeowners may see an in-law suite as office space or extra storage when no one is staying in it. This can help you save on expensive office or expensive storage unit rentals, though the ROI may never be met.

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    What Is A Mother

    Essentially, a mother-in-law suite is its own small living space that is either attached or separated from a single-family home, but is on the same property. They come with a separate entrance, a full bathroom, and a kitchen, providing the perfect space and offering more privacy for multigenerational families living together.

    And while the name suggests a mother-in-law suite is for your in-laws, you can truly use the space for anything youd like. Perhaps you have friends who come to visit regularly, or you have an au pair staying with you to help take care of the kids. Maybe you have a college student back for the summer who wants to maintain a bit of their independence.

    Mother-in-law suites can also provide the ideal solution for many young adults who are finding it difficult to afford expensive housing and are staying at home longer. Costs for long-term living assistance can also add up quickly, so many families opt to have their aging parents move in to more easily help take care of them, and of course, make more beloved memories together.

    You can use this space for most anything. With more and more people working from home, a mother-in-law suite converts into a great home office space, or you can use the space for hobbies or a fitness room. With so much potential, mother-in-law suites are an attractive incentive for buyers.

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    How Much Does It Cost To Build An In

    The cost to build an in-law suite varies by the type of space and how much work is needed to make that space livable. Ideally, your in-law suite should include everything needed for independent living, such as a separate bedroom, living area, bathroom and kitchen. Of course, adding all of these elements is expensive, with one financial expert putting the cost of installation somewhere between $40,000 and $125,000.

    As steep as that may seem, the one-time cost to build an in-law suite pales in comparison to the annual cost of assisted living communities. Genworths Cost of Care Survey reveals that in the United States, the average cost of a private room in a nursing home is around $105,000 annually. Semi-private rooms werent much cheaper, averaging out to $93,000 per year. In the long-run, the cost of an in-law suite addition is almost always less than the alternative. And money aside, being surrounded by family is better for your parents well-being too.

    Alternatives To Building A Mother In Law Suite

    Multigenerational “NextGen” Mother-In-Law Suite Home for Sale

    Mother in law suites dont have to be connected to your home. Garden cabins, like the ones this company makes, are increasingly popular options. They offer an adequate amount of space to make your guests comfortable. Plus, they provide more privacy for you and your in-laws.

    Another option is to convert an attic or garage into an in-law suite and create an entrance directly to the outside. This gives your guests a more private experience. In addition, it might make it easier for you to separate the utilities.

    In some cases, building a partial suite makes more sense than a stand-alone living space. Not everyone will need their own bathroom or kitchen. Others might value their privacy and require both. Consider what your in-laws or guests would truly need for their own.

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    Rockingham County Home & Community Information

    Rockingham County, named one of the Milken Institute’s best performing small metropolitan area in the United States, features a variety of quaint, small towns attractive to home buyers looking for family-friendly communities. Harrisonburg, the largest city within the county’s boundaries, is an independent city, free from county government. Still, thanks to Harrisonburg’s James Madison University, many local communities continue to feel like bustling, college towns. Get more information about Rockingham County demographics.

    Buyers in Rockingham County will find a variety of single-family homes, including small, residential farms and undeveloped land. Most county communities, like Bridgewater, Dayton, Elkton and Timberville, feature a mix of blue collar and white collar workers, of various income levels. As a result, buyers can choose from single-family homes of all sizes, from small, one-bedroom homes to large homes with more than five bedrooms. Search Rockingham County homes for sale by city.

    Can I Build A Mother

    If you dont already have an ideal space for a mother-in-law suite, you can build one yourself. However, like most major renovations or home additions, be prepared to have to cut through a lot of red tape.

    Before building a mother-in-law suite, you must check with your city for any zoning laws or permits youll need. For instance, some zoning laws dont allow for mother-in-law suites, requiring you to petition to have your home rezoned or get a variance. This means you may have to collect signatures from neighbors, petition the local planning board, not to mention a variance could cost you up to $500.

    If luckily your zoning laws do allow for mother-in-law suites, they may still limit what youre able to build or include in the dwelling. There may be limits on the height or size of the structure, what the in-law suite can be used for, or some laws ban full kitchens because of the risk of fire.

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    Consider Your Parents Current And Future Needs

    Does your new guest have any special needs, such as wheelchair accessibility or grab bars for the bath? Your in-laws probably plan on aging in place once they move in. Be proactive and make sure their new accommodations are made to age with them. This includes installing pull-out drawers, shower seats, adjustable sinks and other appropriate amenities.

    Need to make your home more accessible?

    Read Next: Projects for Aging at Home& Essential Home Remodeling Projects for Accessibility

    Introducing Three Suite Designs

    Mother In Law Suite

    The movement to make homes and families more complete is gaining momentum. Wayne Homes is proud to make our own contribution to the cause. Multi-generational homes bring the whole family together under one roof. Waynes in-law suites allow just the right amount of togetherness. So everyone has their own space.

    The benefits of bringing everyone together are undeniable grandparents get to be part of their grandkids lives, they have an option besides a retirement community or assisted-care facility, the family stays more connected. And yet thats just the beginning of an in-law suites value and usefulness.

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