Now is the right time to hold on to your home and property, especially with a housing recession predicted for 2020. Instead of buying and selling, homeowners are now finding different ways to change or expand their property to suit their constantly evolving housing needs.
For some, redecorating the interiors of the rooms is top priority, while for others, it’s adding new structures such as an outdoor deck to their home. If you want even more space and versatility, it might be time to add a cabin or summerhouse to your property. Here are some of the benefits of having a cabin addition to your home.
A Guest House for Visiting Family and Friends
If you love throwing parties as well as hosting family and friends from out of town, you can add one of those home built cabins in your property and have it serve as a guest house. This is especially useful if your main house doesn’t have enough space for visitors.
Another option would be to have your cabin as the designated party area while the main house can serve as the staging area as well as provide accommodations to the group. Adding on to your property might seem like a big undertaking, but there are a lot of options available for adding a cabin quickly and efficiently.
A Separate Home Office
The concept of working from home might not have been that well-established yet when you first purchased your house. However, if you now find yourself working from home frequently, you might want to have a separate home office in your property.
Setting up a cabin as your office makes the boundary between your personal and work lives clearer. You’ll have fewer distractions while working in your cabin, while the rest of your family is casually lounging inside or outside the main house.
A separate home office inside the cabin will be an even better option if you are currently running a business with employees from the comforts of your own home.
Extra Living Space For Your Children
The thing about growing kids is that they also develop a lot of hobbies and interests, and your main house might not have enough space to house all of them at one given time. Thus, a cabin expansion would be a great addition to your property. The cabin can serve as your new family room and different areas can be assigned to their many hobbies.
You can also turn the cabin into their study area, especially if you’re homeschooling your children. Apart from that, you can also turn the cabin into a games room, fitness area, an art studio or even just additional storage space for their belongings. If your children’s needs change, it’ll be easier to redecorate the cabin instead of the main house.
An Indoor Garden
A cabin expansion in your property isn’t just limited to livable spaces. If gardening is your passion, the cabin can also be built as an indoor garden. This can be very useful if your area is prone to unpredictable weather changes.
Aside from providing your plants with a safe haven, the cabin can also be a space for relaxation and meditation. Your indoor garden can provide you with a calming aura and you’ll be able to just sit, relax and enjoy the views of your property.
Building Your Dream Home on A Smaller Scale
Most homeowners will choose a practical and functional home, especially with how real estate prices have been for the last decade or so. However, it can’t be denied that you will still have that dream house at the back of your mind. If you have extra space in your property, why not attempt to build your dream home — albeit on a smaller scale.
After all, tiny home living is a booming trend nowadays. As you finally have your dream house as a cabin addition, you’ll gain more appreciation towards your property even after living in it for many, many years.
Earn Additional Income From Your Property
You might have decided to expand your property with a cabin for any of the reasons listed above. Even if your housing needs change, this cabin will not go to waste. If you and your family don’t have any use for it anymore, you can decide to rent out the property. Thus, you’ll be able to earn additional income from your property. The money you gain from this can help ease the burden of your monthly expenditures.
You can choose to rent it out as a bed and breakfast, more so if your property is located near a tourist attraction. On the other hand, you can also rent it out to a family member who is just starting out. Or, if you’ve recently committed to tiny house living, you can choose to live in your cabin and earn significantly more money by renting out the main house.
Add More Value To Your Property
If you’re still planning to sell your house in the future, a cabin addition will also add more value to your property. The cabin gives your home more versatility and this can be a very attractive selling point for potential buyers. So, you’ll be able to enjoy the additional space that a cabin provides while you’re living in your property.
You might be spending more money now on that cabin expansion but it’s time to sell the house and property, you’ll be able to recoup those expenses. A cabin also adds more allure to your property, especially if there is a fantastic view overlooking the cabin.
If you’ve had your home and property for quite some time now, you might be feeling the itch to move to someplace new and exciting. However, the current housing climate might prohibit you from doing so.
Thankfully, you can have that new house feeling without having to leave your property. Adding a cabin to your home will provide you with more living space that can suit your current needs.