This week I heard from a woman interested in buying a house with a mother-in-law (also known as in-law) arrangement in the near northwest suburbs. She and her 90 year-old mother are currently sharing a one bedroom condo. No matter how much someone loves their parent, that’s a challenging situation.
With our current economic situation, I expect I’ll be hearing from more people looking for a home for themselves and a parent or two. Homes with in-law arrangements provide extra privacy and autonomy.
The good news is that homes with in-law arrangements typically don’t cost more than comparable size homes without in-law arrangements. Yes, there’s the added cost for a second kitchen, but it’s usually a modest kitchen and for families without a need for a 2nd kitchen, it may make the home less desirable.
Houses with in-law arrangements span the Chicago metro area price range from less than $200K to millions of dollars.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
