In today’s tough economy and slow housing market, many families are being faced with a difficult decision – a decision to combine households due to financial strains, tighter budgets, a higher cost of living, and inflation.

Seniors living month-to-month on fixed incomes are choosing to move in with their children. Adult children are returning to Mom and Dad’s house with grandchildren in tow. College students who cannot find steady employment or earn a sufficient income on their own are faced with returning home to their parents or moving in with other family members.

Across the US, people are grappling with similar situations every day. 

Why Build a Garage Apartment Plan?

Building a garage apartment plan is a housing solution that makes sense in today’s sluggish economy. Though typically compact in size, the apartment delivers all the housing essentials. Garage apartment plans range in size from a simple studio apartment with a full bath and kitchenette to larger living quarters with one or more bedrooms and baths plus a full kitchen, laundry closet, and gathering space.

You will be able to rest easily knowing your loved ones have a private and comfortable place to live during these tough economic times. And the best part is that you will benefit from having extra parking and storage space in the garage!

Are Stock Garage Plans Sealed or Stamped by an Engineer or Architect? – Check if you need professional stamping based on local building codes.

What Advantages Do Garage Apartments Offer?

There are many reasons to build  a garage apartments. They accommodate basic housing needs now, and you can put them to good use well into the future.

Garage Apartment Plans Provide Privacy

As families combine, homes become crowded and lack privacy with several people or generations living under one roof. This can be tough on everyone in the home.

Choosing to build a garage apartment plan is an ideal housing solution for families who are running out of room for everyone who needs temporary housing. They provide a safe, private, and comfortable living space for those who cannot afford a house payment or monthly rent while keeping the whole family together.

Flexible Parking and Storage Space

Think of the garage portion of the structure as a bonus. While you are providing housing for a family member who is under financial strain, you will enjoy the benefits of having extra unfinished space.

The garage area is versatile enough to provide additional parking, a workshop, or storage space for an ATV, kayak, tools, or lawn care items. When you consider the flexibility of extra garage space, a garage apartment plan cannot be beat!

Increased Property Value

In addition to providing a private and comfortable living space for family members and sheltered parking for your own use, garage apartments will increase the value of any home or property.

When the time comes to sell your home, the extra usable space will significantly increase the selling price resulting in a greater profit.   

Adaptable for Future Endeavors

When the economy picks up again and everyone finds themselves in a financially sound situation, they will move into their own homes, condos, or apartments. This will leave you with finished living space that you can use any way you wish.

Do you dream of having an art or yoga studio? Would it be beneficial to create a game room giving the grandkids a place to hang out during family get-togethers? Do you want a peaceful office for your home-based business?

Just use your imagination and turn the apartment into whatever type of space will accommodate your dreams or future endeavors.

Rental Income

When a family member no longer needs a place to live and there is no need for a private studio, office, or man cave, sometimes homeowners choose to rent out the apartment.

This option generates rental income that will contribute to retirement funds and financial security. It can also help you save for unexpected expenses or changes in life circumstances. Using your garage apartment to generate revenue makes financial sense.

Your Practical Housing Solution for Today’s Challenges

While current economic conditions are causing housing issues and taking a financial toll on some, it is easy to recognize that building a garage apartment plan is an ideal solution for homeowners who have the space and financial security to construct one.

The Garage Plan Shop offers a wide range of garage apartment plans. You are sure to find one that fits your style, needs, and lot!