A growing trend is to add a private in-law suite for aging parents. Adding an in-law apartment is one of the best proactive decisions a home owner can make. It is a far better alternative to assisted living. For many seniors, the property maintenance of their existing home is becoming more of a burden. Assisted living can cost from $30,000 – $60,000/year, an investment that has no future return.
An in-law apartment is a one time investment and will appreciate in value over time. Its greatest value is helping families cope with many financial, emotional, physical, and social challenges. It produces a win-win solution for the whole family.
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