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Builders and electrical contractors are finding more demand for in-law apartments (typically called mother-in-law suites whether mom is the sole resident or not) as part of new additions or basement makeovers.
According to the National Association of Home Builders, 62 percent of builders surveyed were working on a home modification related to aging.
Another shift among the generations in some households that are adding suites to their existing homes are Baby Boomers whose grown children (and their families) are landing back at mom and dad’s place because of a soft job market and the recession.
Given these recent demographic trends, the investment in remodels have resale potential and are no longer seen as a burden or deal-breaker for prospective buyers. This trend is another indicator of people shifting to more practical yet comfortable lifestyles.
4922 Port Royal Rd, Suite C-11
Spring Hill TN 37174
Phone: (615) 261-4800 or (615) 599-9595
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Category: Southern Electric-Energy Smarts