Is a multi-generational home a selling point now...yet?

Question

We are planning to finish our basement soon with my mother and mother-in-law in mind. Plans inlcude a full bathroom with walk-in shower, living space, kitchen, and universal fixtures throughout. There are two walk-outs in the basement area. Will this be a good selling point in the future or a drawback? Suggestions to consider?

Miriam Illions · Answer

A Hometalk contractor just posted about this. AK Renovations said it is the biggest remodeling trend in 2012. It's a very informative post, check it out: http://www.hometalk.com/diy/what-s-the-biggest-remodeling-trend-for-2012-multi-generational-homes-157600

AK Complete Home Renovations · Answer

Thanks Miriam.
Stacey check out www.genshiftkitchen.com
Good luck.

KMS Woodworks · Answer

beats a lot of money spent on assisted living space....that is if you and the inlaws / parents can tolerate each other close company.

I heard a joke a while back which follows many family views.

Q:   What is the big difference between Inlaws and Outlaws.?
A:  Outlaws are wanted

HandyANDY - Handyman & All Repairs, LLC · Answer

It can be....you should contact several of the real estate agents operating in your market and get some opinions.  I think for most it will be a good selling point but don't expect a 100% payback on the investment.  At the end of the day, you're doing this for family reasons....if the space is well planned & executed, it should help you sell down the road.

Drprof · Answer

My mom lives with us and we added on/remodeled a space for her. Remember to make the doors wide enough for a wheel chair or a walker. Also we put in a shower, that has a flat floor, nothing to step over. Our realtor told us that we would easily get our money back.

B. Enne · Answer

In Canada it is...Especially if you do it in a way, that future buyers could simply rent it out if they want. ie: blend in grab bars, make it look high end and bright rather than institutional.

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