What to Do with an Aging Parent: Consider an In-law Suite

What to Do with an Aging Parent: Consider an In-law Suite

The rising costs of assisted living facilities and long-term care have forced the children of aging parents to consider another option: The In-Law Suite.

An in-law suite, also known as a granny flat, guest cottage, or Accessory Dwelling Unit (ADU) is not a new idea, but they have become more popular in recent years because they allow parents to “age in place” with their adult children instead of moving into an assisted living arrangement, saving both cost and worry for all involved.

Generally, an in-law suite is a private space for parents that is part of, attached to, or on the property of an existing home. They can be a converted garage or basement, a renovation of existing rooms, a custom-built addition, or a small cottage or “tiny house” depending on the home’s footprint, the homeowner’s budget, and the needs of the parent. They also include safety features for current or future needs, like wheelchair accessibility, grab bars and shower seats in the bath, room for a hospital bed, and limited steps (if any at all).

The cost to build an in-law suite varies by the type of space and how much work is needed to make that space livable. A safe budget range would lie between $125,000 and $250,000. Although that may seem expensive at first, the one-time cost to build an in-law suite can be significantly less than other assisted living arrangements over the long-term. According to a Genworth Financial Cost of Care Survey for 2020, the median national cost for community assisted living is $51,600 a year, $93,072 a year for a semi-private room in a nursing home, and $105,852 a year for a private nursing home room. Meaning, according to the survey numbers, a five-year stay can cost a median of $250,000 up to $6,351,120!

The cost savings alone is enough to see that an in-law suite is the wise choice for many. The added benefit is having the peace of mind that parents are aging in place in a safe, comfortable setting. And being surrounded by family contributes to the parent’s happiness and well-being, as well.

To discuss options to house an older parent, feel free to call and set up an appointment. We are always more than happy to answer your questions and help you “Dream it. Build it. Love it”.

Nick Kornea, President / Designer at Luxury Bath and Kitchens

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