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John Askins


Royce Realty

More Buyers Seek Mother-in-Law Suites

By John Askins    Feb 22,2014    Askins Online Real Estate Blog

The economic factors are encouraging more families to consider homes that accommodate multiple generations.

According to a survey by Coldwell Banker Real Estate, 37 percent of practitioners surveyed saw an increase in home buyers looking for space for parents and grown children. Nearly 70 percent of practitioners say they expect an increase in this kind of demand.

Coldwell Banker recommends that sellers highlight their “mother in-law suites” or similar spaces that could accommodate a family interested in multi-generational living. Whether it’s a garage apartment or refurbished basement, this separate space can help such a home stand apart from others on the block.

Also, if you are considering adding such an extra space, here's a great video from Bob Vila.

source: Coldwell Banker Real Estate 

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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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