More Buyers Seek Mother-in-Law Suites

The economic recession is encouraging more families to consider homes that accommodate multiple generations.

According to a survey by Coldwell Banker Real Estate, 37 percent of practitioners surveyed saw an increase in home buyers looking for space for parents and grown children. Nearly 70 percent of practitioners say they expect an increase in this kind of demand.

Coldwell Banker recommends that sellers highlight their “mother in-law suites” or similar spaces that could accommodate a family interested in multi-generational living. Whether it’s a garage apartment or refurbished basement, this separate space can help such a home stand apart from others on the block.

Source: Coldwell Banker Real Estate (02/22/2010)

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Neil D. Lyon CRB, CRS, GRI Cell: 505.660.8600 Direct: 505.954.5505

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