Construction of this pool house with benefits was completed at the end of 2018. The basic structure cost about $350,000, Mr. Bearak said, which is exactly what the couple budgeted. The pool, however, ended up costing more than $200,000 — far more than they anticipated. Along with the cost of the site work, a hot tub, the smart-home system and finishing touches, he said, they spent a total of roughly $1 million.

When the pandemic struck New York in March, Mr. Bearak and Mr. Moore stayed put in Manhattan with their children — they now have three daughters: Madison, 4, Lily, 2, and Margaux, 1 — in part because they had rented their house out on Airbnb.

“There was this really nice couple, and they were just supposed to stay there for a weekend,” Mr. Bearak said. The guests were expecting a baby, so he and Mr. Moore were loath to end the rental when they asked for an extension. “They ended up staying for two and a half months.” (The couple are currently working with Mr. Bearak’s firm on a home of their own.)

As for Mr. Bearak and Mr. Moore, with a growing family, they already need more space. This spring, they plan to begin construction of the guesthouse, so they can host overnight visitors, and the stand-alone office, for working from home.

The plan is to take their time completing a compound that will expand over many years. Construction of the main house, Mr. Bearak said, is “probably 15 to 20 years down the road.”

For weekly email updates on residential real estate news, sign up here. Follow us on Twitter: @nytrealestate.

Source: | This article originally belongs to Nytimes.com

You May Also Like

Why a small China-made EV has global auto execs and politicians on edge

LIVONIA, Mich. — A small electric vehicle is having a big impact…

Former Disney CEO Robert Iger to Join Venture Firm Thrive Capital

Robert Iger, the former chief executive of Walt Disney is joining venture-capital…

Sanderson Farms Nears Sale to Continental Grain, Cargill

Sanderson Farms Inc. is nearing a deal to sell itself for around…

Police fatally shot her husband after they went to wrong house — then detained her for hours

The wife of an armed New Mexico homeowner whom police officers fatally…