As the vibrant and picturesque state of Montana attracts more visitors each year, the idea of owning a property with a dedicated guest space becomes increasingly appealing. Whether that space is a full on-site guest cabin or an attached suite with its entrance, this space can provide an opportunity for homeowners to embrace the spirit of hospitality and comes with a multitude of benefits for both personal use and investment purposes.
One compelling reason to purchase property with a guest home or guest apartment is the flexibility it provides. Having a separate space specifically designed for hosting visitors ensures their comfort and privacy, allowing them to fully enjoy their Montana experience. This dedicated area can also be utilized for extended family, and friends, or even as a potential source of rental income during periods when it is not in use. The additional space also allows you to expand your horizons when it comes to furnishing and decorating — that color scheme or paint that didn’t seem to fit in your home? Let your guests enjoy a different side of your style in their own space. The possibilities are endless!
With summer approaching, bringing with it a busy season of hosting guests who love visiting Montana, an additional on-site residence offers convenience and a sense of exclusivity. Friends and family will appreciate having their own space to relax and unwind after a day filled with outdoor adventures or explorations of local attractions, but at the same time will be close enough to pop by anytime.
Moreover, as Montana continues to be a sought-after destination for travelers, it’s possible to generate additional income by renting out space to tourists seeking an authentic Montana experience. Montana’s popularity as a vacation spot just keeps skyrocketing: the Institute for Tourism and Recreation Research at the University of Montana reported that more than 12.6 million people visited the state last year! All those visitors must stay somewhere and having an accessory living unit with its own entrance and all-in-one amenities is appealing to visitors who are looking for a homestyle vibe to their vacation as opposed to booking a generic hotel. It also offers a chance to share some of your local insight — writing a quick visitor’s guide to your piece of Montana perfection could make their trip to Big Sky Country the highlight of the year! Using your extra space as a prime opportunity to capitalize on Montana’s identity as a top-notch destination could also help offset the cost of property ownership.
The presence of a guest home can significantly increase the overall value of the property. Prospective buyers are often drawn to the versatility and potential income stream that comes with having a separate living space for guests. It adds an extra layer of desirability, making the property stand out in a competitive market.
At PureWest Montana, we understand the allure of owning a property with a guest residence on site. If that’s what you’re looking for, reach out to us today! Whether your ideal property is a secluded mountain retreat or a riverside oasis, our experienced agents can guide you through the process of finding the home that fits your needs.
