Living With the Whole Family
A big trend in real estate these days is making space for your in-laws, according to the Wall Street Journal. And it could potentially increase your home value as much as 60%.
More commonly known as "in-law suites" or "granny flats" and formally called "accessory dwelling units" (ADUs), these little homes, usually are somewhere between 300 and 800 square feet, are being built in backyards across the country. The multigenerational living trend has been becoming more popular due to the Great Recession, both as millennials return to their parents' homes and as baby boomers and their parents age.
The biggest obstacle is that cities tend to restrict the number of residences that can live on a property. But there are…