If you're looking for a new home, you may have noticed there are quite a few homes with guest houses or what are commonly referred to as "in-law quarters." There are so many great things about purchasing a home with this extra living area that you may want to seriously look for a home with a guest house included. Here are some of the many uses for a guest home that you want to know about:

College kids can stay at home

You will have it available if one of your kids stays at home while they are attending college and everyone decides they should still have their own space. This can help them to learn more responsibility by taking care of the place while keeping them where you can be there to oversee they are making good choices through the transition into adulthood.

Company can have their own space

You may also find it to be great if you have family come to visit you from out of town. While it can be hard to find free space in your home for an entire family, a guest house can allow you to get in plenty of visiting without everyone being on top of one another.

An older loved one can stay close

You might have an older relative who would do best staying very close to family. They will be able to hold on to some of their freedom, but you can check in on them and will be close if you do things for them, such as cooking for them or taking them to their doctor's appointments.

Long-term renters can mean extra income

You can even decide to rent it out to someone if you want to make a small amount of money off it. You will have a better chance of knowing the place is being cared for.

Air B & B possibilities are great

If you aren't into having someone rent the place on a long-term basis, then you may find renting it as a B&B to be better. This allows you to make a large amount of money off people who rent it for a few days or even a bit longer. But, you will be able to choose when it is rented and when it is vacant, so you can have access to it for other purposes like having company come stay for a visit.

For more information, talk to a realtor in your area.