A guesthouse is undoubtedly useful when you have overnight visitors. However, there are other advantages to having this type of building on your property. If you're thinking about having a home builder construct a guesthouse, consider the benefits of the project in the guide below. 

Why You Should Add a Guesthouse to Your Property 

1. Provides a Comfortable Area for Guests 

A guesthouse offers your visitors privacy, comfort, and a home-like atmosphere. With a fully built-out guesthouse, friends and family members will have bedrooms, bathrooms, a kitchen, and a living room to enjoy during their stay. Additionally, you won't have to stress about preparing your home or having less privacy when friends or relatives come into town.

2. Increases Living Space

A guesthouse adds additional living space to your home. In general, guesthouses are between 600 and 1500 square feet. However, the building can be smaller or larger depending on local zoning regulations, the lot size and layout, and your preferences.

When the guesthouse isn't being used for an overnight stay, you can utilize the extra space to store furniture and other belongings to reduce clutter in your home. You can also use the area as an additional entertainment area or relaxation zone. 

3. Generates Income

Instead of letting your guesthouse sit vacant, consider renting it out for extra income. Short-term rentals in high-demand areas can command high nightly rates. 

It will take some work to prepare and advertise the space for guests, but once it's all set up, you can host people year-round. If you don't want to worry about cleaning and prepping the guesthouse between rentals, or if the goal is to generate a consistent income off of the space, advertise to potential renters who want to stay for a while. 

4. Boosts Property Value 

Whether you use the guesthouse as extra living space for yourself, comfortable accommodations for visiting family members or friends, or an income-producing rental, having the additional square footage will boost your property value. If you ever decide to sell, your home will stand out from others and attract buyers who want or need a separate space. 

If you're interested in adding a guesthouse to your property, Santoro Home Improvements will help. Based in New Haven, CT, this home builder has more than 25 years of experience with all types of building projects, from additions and renovations to new construction projects. The home builder maintains an A+ rating with the Better Business Bureau®. See their projects online, or request a consultation by calling (203) 287-9787.