#1
#1 out of 1204.5K est. views
business14h ago
A couple bought a house with a finished basement for their daughter and her husband to live in. It's helped the newlyweds save $20,000 for their own home.
Mrf.lu and 1 more
- A Maryland couple uses a finished basement as a practical, low-cost apartment to save for a future home, supported by extended family.
- Rent remains intentionally low—initially 1,000 per month and later reduced to 500—to maximize savings for a down payment.
- The basement was renovated into a functional one-bedroom with a dedicated dining area and compact kitchen, using an induction cooktop and air fryer instead of a stove.
- A privacy-minded setup includes a door with keys connecting the spaces, preserving autonomy for both sides.
- The couple aims to buy their own home by May 2026, marking a two-year milestone in the basement as they continue saving for a down payment.
- Multigenerational living is framed as financially beneficial and emotionally supportive, with mutual care and teamwork.
- The renovation sequence shows intentional customization, including converting a bar area into a true kitchen with Ikea cabinets.
- Maryland restrictions on basements led to a stove-avoidant setup, using an induction cooktop and air fryer to stay compliant and affordable.
- Built-in travel and emergency support, including dog-sitting and closer family help, enhances their lifestyle and flexibility.
- Cultural norms in South American Latino communities around staying close to family underpin the choice to live with parents.
- The arrangement reduced out-of-pocket costs for utilities and repairs, such as a basement pipe repair covered by the homeowners.
Vote 2