After their parents put a roof over their heads for years, some adult children may consider returning the favor. Creating a distinct space at home for an aging parent to move into — whether it’s a separate backyard unit, a converted basement or bedroom or an added-on suite — is a major undertaking. But with its added peace of mind, potential savings and investment value, flexibility and emotional reward, it’s an undertaking that may be worth the effort for the right family.

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