It’s increasingly common for multiple generations of families to live together in a shared space.

This is especially true when parents or grandparents require full-time care, a member of the family has serious medical issues, or you simply want to consolidate in an effort to save money by living under the same roof.

Whatever the case, you need to make sure there’s enough space in your home for everyone. That’s why you might want to consider investing in a basement remodel. But is this the right option for your family? Here we take a look at the reasons why you might want to create a mother in law suite. Keep reading to learn more.

It Helps Save Money

Let’s start by talking about the cost of placing elderly parents in an assisted living facility. The simple truth is that full-time care is incredibly expensive. In fact, quality full-time care can drain your loved one’s savings very quickly.

Fortunately, investing money in a basement renovation to create an in law suite costs far less than a senior care facility. Plus, a basement renovation is a one-time expense. Thus you’ll save money while ensuring that your elderly parents continue to receive the best healthcare possible.

It’s More Cost-Effective Than Building a Room Addition

Many people think they need to build an addition to their home to make space for an elderly loved one. But if you have an unfinished basement, this makes the expense of a room addition unnecessary. 

That’s because the structure is already in place. A basement renovation finishes out the space so that elderly parents will have all the modern conveniences to maintain a comfortable standard of living. 

It Increases Your Property Value

It’s also important to remember that investing in a mother in law suite in your basement increases the resale value of your house. After all, you are creating additional living space that will help attract potential sellers when you’re ready to sell.

It Helps Bring Your Family Together

There’s something very special about multiple generations of a family getting the chance to live together. It gives you the chance to deepen relationships, strengthen familial bonds, and create memories that will be cherished for a lifetime.

It Provides Peace of Mind

Having everyone under the same roof provides peace of mind, especially when elderly parents or grandparents are involved. You will know where they are at all times, and that they are receiving the quality of care they need and deserve.

A Guide to the Value of Investing in a Basement Remodel

It’s never easy dealing with loved ones who are again in place. That’s why you need to understand the value of investing in a basement remodel to ensure every member of the family is as healthy and happy as possible.

Be sure to check out these common signs that your elderly parents would benefit from home care.