Author Archives:Michaelangelo R.E.G.

Tips to Finding a Roommate

A larger apartment or one in a more exclusive area can suddenly be affordable. But sharing an apartment isn’t always that easy. With some tips you can make this transition into roommate life a pleasurable one. read more

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In-Law Suites for Sale in Bucks County

In-law Suites / Multi-Generational Houses

For Sale in Bucks County

 

Buying, Selling or Creating
Michaelangelo Greco Realtor
215-470-1983

     

Understanding the Mother-in-Law Suite:

Originally known as the Mother-In-Law Suite, it continues to evolve to fit a variety of individual family needs.  There is no strict definition of this term and therefore with today’s lifestyles it’s more than just the typical old fashion Mother-In-Law suite.  Today, In-Law Suites is the term commonly used, are driven by a number of reasons including and not limited to budget stress, health reasons or the love of being close and caring for a family member or members.  Also, more Americans are converting their unused space to multigenerational households to share expenses or into income-producing properties to help the cost of owning a property.

Steps in Understanding and Determining an In-Law Suite:

  • Define priorities
  • Meeting the needs of a senior member(s),
  • For family members with shared expenses or as a rental,  
  • Understanding municipal requirements,
  • What to afford and beneficial types of financing available,
  • Do you have the right utilities,
  • Benefits of an Estate Plan, know the pitfalls of no planning,
  • Types of In-law suites available, is there a preference:

mother-in-law room, also known as the mother-in-law suite or in-law suite is usually a private suite with a bedroom, bathroom and kitchenette. These rooms if not originally built with the house were a conversion of a garage, basement remodel or ad-on. 

mother-in-law suitethe most common, involves adding on to an existing house.  Also known as the in-law suite it will usually contain all the basic elements of a living quarter, such as a bedroom, living room, private bath and in some cases a kitchenette and a laundry room and may include a private entrance.

mother-in-law home is a detached in-law suite.  An example is a small cottage that is erected on the property. The cottage is completely equipped with everything. This suite home may be near the main house and connected with a breeze way or covered walkway, or be constructed at a distance on the property and connected with the main house by a footpath.

  • Tips to Remember & Make Plans !!!

* Buying a house with an in-law suite is not your typical house purchase and should not be treated as such.  An in-law suite purchase requires special attention to details in specific areas of applications.  For more information contact a specialist, Michaelangelo at 215-470-1983.

For a Free Consultation Contact:

Michaelangelo Greco, Realtor
Direct Ph: (215) 470-1983
E-mail: michaelangelo@kw.com
Website Contact page: contact

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