Mother builds $200,000 home addition at daughter's house
Updated
Updated · Business Insider · May 3
Mother builds $200,000 home addition at daughter's house
3 articles · Updated · Business Insider · May 3
After selling her 1,200-square-foot Hudson, New York, home for $300,000 cash, the 68-year-old funded a 900-square-foot suite completed in March 2024.
Town rules barred a separate structure, so the family added living space and a garage to their 2,700-square-foot home after a year-long zoning and construction process.
The multigenerational arrangement brought childcare and household help, while lifting the property's value by about $75,000, though property taxes rose and school taxes increased by nearly $2,000.
An in-law suite added $75k value for a $200k cost. When does this popular home addition make financial sense?
She spent $200,000 on an addition to her daughter's home. What protects her investment and her future?
Is multigenerational living a solution for eldercare, or a new burden for unpaid family caregivers?