Rising Popularity of ADU’s a Blessing for Retirees
Category: Family and Retirement
February 23, 2023 — One of the hottest acronyms in the real estate world is ADU, which stands for Accessory Dwelling Unit. Demographic shifts from Covid, exploding real estate prices, and a shortage of affordable places to live has suddenly put them in the spotlight, prompting more states and communities to encourage and approve them. Their rise is a bonus for retirees, who can benefit from them in a multitude of ways.
The idea behind ADUs is pretty simple.
ADUs provide a secondary building unit on one lot. So right off the bat they are less expensive – they don’t require any extra land. They can take the form of a small detached building, a second floor, basement, or other addition to the main home, or a conversion of part or all of a garage into a small home or apartment. Typically they are between 600 and 1,000 sq. ft. They usually have a bedroom, small kitchen, bathroom, and living area. Or they are just a small studio apartment. Prefab models are available, or they can be custom built. Normally they have a separate entrance. An example of “gentle density, they are often called granny flats, in-law apartments, carriage houses, casitas, etc.
Comments on "Rising Popularity of ADU’s a Blessing for Retirees"
Admin says:
My daughter just bought a home that has an ADU on the lower floor. It is one big room including the kitchen, plus a bathroom. There is a separate entrance. It is a really nice thing to have. They have used it for a nanny apt., and we stay there when visiting when they don't have a nanny. My daughter jokes that if anything happens to my wife she is going to make me move in there. But I don't think that is going to happen.
Bill Bamber says:
It is amazing how Daughter's tell their Father what he should be doing or not doing!! & as a Good Father you are suppose to listen!! Guess that is why I haver never won "Father of The Year" award!!