Rental income helps pay off the mortgage faster, easing the homeowner's financial burden and providing additional funds for savings or investments. When ready to upsize or relocate, the property can transition into a lucrative investment, potentially yielding 1.5 times higher income than a standard investment property. Multigenerational homes typically command higher rental rates due to their larger living spaces and amenities, offering diversified income streams and long-term financial stability. Additionally, tax benefits and the flexibility of living arrangements make this arrangement a win-win, providing immediate financial benefits while paving the way for future wealth accumulation.
