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Buying a home with a guest house for Airbnb rental or multi-generational housing

Looking for a Home with a Guest House?

There are many reasons to purchase a home with a guest house or guest quarters. Some like the flexibility of having extra room for a hobby like an art studio, music studio, or sewing room. Some need the extra room for family members, but like the idea of a little extra privacy and autonomy. Others are looking for an extra income by renting the space to students during the school year or as a short term Airbnb rental.

Art Studio guest house

Airbnb rental, VRBO, or short term vacation rentals

Airbnb rental properties have gotten very popular in the ‘sharing economy’. Some homeowners view it as a good way to make extra money to offset their living expenses. Others enjoy the interaction with visitors from all over the world and are eager to share their hospitality with their guests.

Airbnb rental guest house bedroom

While many areas around the country strictly forbid Airbnb rentals, the Arizona government passed a law in 2016 that prevents municipalities from restricting short-term rentals. The law was also enacted to require renters to pay applicable taxes.

Tucson has about 2,000 active Airbnb rentals, with February being the most popular time for short term rentals due to the annual Gem Show.

Multi-generations living together

With the baby-boomer generation rapidly aging, many buyers in the younger generations are thinking ahead and looking for extra space so there’s room for an elderly parent or family member in the future. Multi-generation living is exploding in popularity in recent years. In fact, 1 in 5 are currently living in a multi-generational home (according to Pew Research Center). Some homeowners view this as purchasing 2 homes for the price of 1 and getting the most bang for their buck.

Multi generational home

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Whatever your needs are, contact Nick Labriola to schedule a time to go over your priorities in your home search. My priority is helping you find the right home for you.

Have a home with a guest house to sell? Nick can help with that too. Please call 520-975-8956 or Nick@RealTucson.com

Nick is Realtor® specializing in the greater Tucson, Arizona area. If you are live in another part of the country or the world, please reach out to Nick. Long Realty has an extensive network and can connect you with a great Realtor® anywhere in the world.

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