Jacksonville Homes With Mother In-Law Suite
Looking for a home with a mother in-law suite in Jacksonville, FL. Featured here are all Jacksonville Multi-Generational homes for sale and Jacksonville Multi-Generational real estate. If you’re interested in any of the Jacksonville Multi-Generational home listings that you see below, just click the "Ask a Question" button when viewing the details of that property. Our Jacksonville real estate agents can provide you with disclosures, past sales history, dates and prices of properties recently sold nearby, and other details related to the Jacksonville Multi-Generational home home market.
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Jacksonville Homes With a Mother In-Law Suite Market Statistics
Jacksonville Homes With a Mother In-Law Suite housing market statistics: As of September 26, 2023 there are currently 51 properties for sale in Jacksonville Homes With a Mother In-Law Suite, with an average asking price of $486,990. The highest-priced property is $1,150,000 and the lowest-priced property can be purchased for $129,900. Jacksonville Homes With a Mother In-Law Suite listings have an average price of $222 per square feet, based on listings with 4 beds, 3 baths, and 2,233 square feet of living space.
If you’re looking for a Jacksonville home with some extra living space but don’t necessarily have the budget for something with a full fledge guest house, option for a home that has a mother in-law suite might be the perfect solution. In short, an in-law suite is a commonly used name for a small dwelling or section of a home where older family members, or even friends and house guests, can stay for an extended period of time without sacrificing privacy and independence. Most mother in-law suites have a separate bathroom and living space, and in some cases a small kitchen or kitchenette.
Sometimes you might see an in-law suite referred to as an accessory dwelling unit, a granny flat, or even a casita. But typically these names refer to a detached dwelling separate from the primary home, which doesn’t always apply to an in-law suite. Whatever the name, it’s important to note that home buyers will likely pay a premium for a home with an in-law suite give they provide substantial extra square footage. And in a market like Jacksonville, which is popular among retirees and empty-nesters, homes with a mother in-law suite always seem to be in high-demand.
Alternate Uses For an In-Law Suite
The beauty behind buying a home with an in-law suite is that home owners don’t necessarily need to use the space as a multigenerational living quarters. In fact, ways to use an in-law suite for an alternate purpose are almost endless, and with remote work being significantly more common in today’s modern work environment, we’re seeing many home owners convert that space into a spacious office suite.
Parents with older children might also find the space useful for kids just out of high school or college who are still trying to establish financial independence and a career path, and perhaps its worth exploring the idea of charging them a little rent as well. Depending on the home’s layout, we’ve also seen mother in-law suites used as either a short-term or long-term rental, which of course has added financial benefits as well.
Things to Think About Before Buying a Home With an In-Law Suite
Buying a Jacksonville home with an in-law suite can certainly has its advantages. Regardless of your situation, having extra living space is almost never a bad thing, especially when it comes to the resale value of a property. But keep in mind there might also be some downsides to buying a home with an in-law suite as well.
As alluded to above, buyers will undoubtedly pay a premium for a home that already has a modern, updated in-law quarters. Experts suggest adding an in-law suite to an existing home will cost anywhere from $30,00 to $70,000, and if you’re building a brand new structure that figure could jump up to as much as $125,000 or more. Existing home owners who have already done the work will surely want to get that investment back during a resale, so keep this in mind. Along with that, it’s also important to understand local zoning ordinances and regulations as they relate to an in-law suite as well, especially if you plan on using the space as a rental. Or if you plan on adding a mother in-law suite yourself, you’ll likely need a building permit, which will add out of pocket costs.