Making space for aging parents is a hot real estate amenity that can boost your home’s value.

The term mother-law-law apartment doesn’t necessarily mean your wife or husband’s mom is going to be living in the backyard. It could be a guest house, entertainment facility, or rental property.

A “mother-in-law addition” is generally a detached building that has all the amenities of a full home in a smaller space, including a kitchen area, bathroom, bedroom and sometimes more.

Here are a few benefits to making room for your parents by adding a mother-in-law apartment to your property.

• Increases Property Value: No matter what the purpose of the addition is, a home addition that promotes more usable space will always increase your property’s value.
• More Home Usability: If you love to entertain then perhaps you are just looking to expand your ability to host guests. Adding a mother-in-law with something along the lines of a living room with a pool table and TV, kitchen and bathroom will provide endless fun for your friends, and with an attached bedroom it becomes a great place for guests to stay over after hours of fun in the Florida sun.
• Added Revenue: Another great idea for adding a mother-in-law is to create a rental property within your property. This will help pay for the addition while providing you with extra income for other expenses. Before considering this make sure there are no local laws prohibiting this and that there are no additional certifications necessary.
• Keep Family Close: The best part about a mother-in-law is that it’s a great way to keep aging parents close, or a way to allow other family to stay nearby for extended visits.