🏡Tips for Buying a San Diego CA Home with Your Parents

Homes for sale with guest house are more prevalent now than ever in the U.S. As home prices continue to rise, more and more families choose to share a two or three-family house, where grandparents get to live with their children and grandchildren.

Finding a property that is able to meet the needs of multiple generations is tough, and it takes a lot of patience and some luck to find the home that is perfect for you. With proper research and preparation, however, it can be done.

Here are some tips from families who are now living happily together in multigenerational homes:

Before You Begin Your Search

1. Be realistic with your goal as a family. Making the decision to buy a home where you can all live together is not easy. To avoid future misunderstandings, make sure you talk things out before getting started with the home buying process.
2. Create a list of property requirements and make sure that you discuss with every family member the absolute must-haves in the home that you are going to buy.
3. Make sure everyone agrees on sharing the work of house hunting.

During Your Search

1. Look for a broker who knows the area well. If you are looking for homes for sale with guest house in San Diego CA, find a broker in that area who is familiar with the multifamily market there. He will help you decide on which type of home to buy.

Before You Sign

1. Find a lawyer who can help you figure out potential zoning issues. Since multifamily homes often come with tricky regulations when it comes to zoning, insurance and taxes, it’s better if you have a lawyer to discuss these things with you before you sign anything.

As You Move In

1. Discuss with your family members how you are going to divide among yourselves the administrative work that comes with your home purchase. This will help you avoid having only one party doing all the work.
2. Know where to invest more money during remodeling.

In the Long Term

1. Always choose to live together happily by actively looking for ways to make life harmonious for all.  
2. Make sure that everyone feels comfortable in their own space, and that everyone has the freedom to do whatever they want with their own space. Establish boundaries early on so the parties know which part of the property they own.

While living in a home with your parents may sound stressful, living a happy life in this type of home is possible if you apply these tips. As you look for homes with granny flats for sale in San Diego CA, talk with all the parties involved and discuss among yourselves the ground rules to avoid future troubles.

Looking for homes for sale in San Diego or Carlsbad CA? Call me at 760-212-8225 and I’ll help you find the property that suits you and your family best. I am Dennis Smith, your top real estate agent in San Diego and Carlsbad CA.

In case you can not view this video here, please click the link below to view Tips for Buying a San Diego CA Home with Your Parents on my YouTube channel: https://www.youtube.com/watch?v=1yRThXW_6BU&feature=youtu.be

🏠 What are the Benefits of Having a Granny Flat in Your Home?

Potential homeowners consider purchasing a home with a granny flat for a host of purposes. Although the most common reason for having a granny flat in one’s home is to accommodate an elderly parent, there are a lot more reasons why it is great to have this living space in your home. 

Lets You Take Care of Your Elderly Family Member While Giving Them Privacy

The most common benefit of a granny flat is that it allows you to move your elderly parents close to you so you can take care of them even when you already have a family of your own. With a granny flat, you are able to look after your elderly parent or family member while giving them the privacy and independence that they need.

Gives You Extra Income

Just because you do not have a granny to take care of doesn’t mean that your granny flat is useless. If your home has a granny flat but you do not have an elderly family member to occupy it, you can still use the space as a rental property. Since nobody is staying in the flat, you can use it as a source of additional monthly income by renting it out. The extra income you get from it can help you pay your mortgage faster.

Adds Value to Your Home

If an investor has to choose between a property with a granny flat and a property without one, he is more likely to choose the first. Family members living in a house with a granny flat may simply see this living space as an extra room, but in the eyes of an investor, a granny flat is more than just that. In fact, investors are more likely to spend more on San Diego homes for sale with granny flats than those without. If you are a homeowner, you can also sell your property for more considering that it’s not just a house that you are selling but a house with a potentially profitable rental property.

Whether you are selling your home or looking to buy one of the homes with granny flats for sale in San Diego, you can never underestimate the value of a granny flat in your home. If you want to know how much value this living space actually adds to your property, you may contact me now at 760-212-8225 so I can discuss with you more of its benefits. I am Dennis Smith and I am excited to share with you what I know about how having a granny flat built on your property can help you!

​In case you can not view this video here, please click the link below to view What are the Benefits of Having a Granny Flat in Your Home? on my YouTube channel:
https://www.youtube.com/watch?v=a7U91bbLzTc&feature=youtu.be