If you live on a farm or in a neighborhood with large amounts of property, don’t let it go to waste. Adding a guest house or additional building to your backyard can increase the value of your home, provide some easy living space for family or guests, or be an extra source of income if you decide to rent it out. In this story, one of our readers explained how having a guest house benefited his family:
“My parents lived far away, and they needed some assistance mowing the lawn and taking care of their pool. I hired home care in Los Angeles California to help them out, but we knew that we had always planned for them to move in with us one day when things were getting tough. Finally, we decided that even though we did not have enough room in our house, we did have the budget to add on or build a guest house.
A guest house seemed to be the best option for a couple of reasons. First of all, we wouldn’t have to deal with the construction noise, dust, and equipment around our household. We also felt safer having someone build an addition outside our house because we wouldn’t have unknown workers around our personal space and belongings.
We also saw having detached housing as an asset. If it didn’t work out with my parents or we came to the point where they needed to be in a nursing home, we had a space we could rent out for some extra income. If we decided to sell our house, others would see the extra space as an asset as well, so it could increase the market price.
The guest house was easy to decorate and furnish. We used some IKEA furniture and closets to fill it up and added a small TV. The entire process was affordable and effective.”
If you think an additional living space could be beneficial to your household as well, take the next steps to move forward:
- Look into your city’s zoning laws to determine the rules
- Apply for a building permit
- Determine financing and set a budget
- Find the best architect for the job
Once you’ve gathered all of your information and determined whether or not a guest house would be a good investment for you, you will be ready for action!