Is ADU housing a necessity? That is a question you’ll have to answer yourself; however, I think they are an excellent investment for most people. ADU stands for an accessory dwelling unit and is also known as an in-law suite, granny flat, secondary house, backyard cottage, and secondary apartment. ADUs can be built above garages, behind homes, or freestanding on their lots.
What is ADU housing?
ADUs may be the perfect solution if you’re looking to downsize from your current home but want to stay in the neighborhood/area where you live. ADUs may be beautiful alternatives for families that wish to build equity while helping out another member of the family that needs some extra space while transitioning into independence (college).
ADU housing may be friendly if you are your elderly parents who need extra care but don’t want to go into a nursing home. ADUs seem like they are becoming more of a necessity if only because the cost of living continues to rise. ADU’s give people an opportunity to supplement their income while still using their current property. Several different types of housing can be used as the main house or as an extension type addition.
How do you incorporate an ADU into a house?
ADU housing is fantastic for everyone! ADUs can easily fit into any size of home design, even within certain multi-unit buildings, making them perfect for urban settings with limited land space. ADUs may also find themselves in traditional single-family homes where large backyards exist to accommodate additional facilities such as ADU housing.
ADUs are also great for elderly or retired people who wish to stay in their current homes. Still, they need some extra assistance, whether it be caretakers/home health aides or simply the presence of younger family members that might want to build stronger bonds while freeing up some space at home.
Why should you build an ADU?
They can be an excellent source of income if you rent them out every month, daily, weekly, or even by the hour, depending on where you live. Many older ADU’s sit empty because landlords can’t find tenants due to location and poor condition, so why not take advantage of this problem? With just a few updates, ADU’s that were previously used as guest houses or nanny suites can be rented out to help you pay down your mortgage or even generate income that might give you some extra spending money.
ADU’s are also wonderful for investors, especially in high-cost markets where ADU housing is in demand and living costs are prohibitive. ADUs aren’t just for regular homeowners, though; if you’re not planning on staying at home yet still want to occupy it, ADU housing would be an excellent investment!
ADUs can be an IRA-approved form of self-directed retirement plans, which means that they allow you to diversify your investments. ADUs may provide tax benefits whether they’re rented out or not, depending on your local laws and regulations. ADU updates may increase the value of your home, and may be a wise consideration if you want to increase the potential of your current home.
ADUs also provide an excellent opportunity to help another member of your family that might be facing some transitional challenges such as moving out on their own for college or transitioning into independence. ADU housing is the perfect solution for parents looking to help their children transition more easily into adulthood without sacrificing too much space in the family home. ADUs can also enable homeowners near colleges/universities, military bases, and other large establishments (factory towns) where ADU housing may be desired! ADU’s make a living easier on everyone.
ADU housing is the perfect solution for everyone! ADUs are nothing like traditional homes; ADU’s typically offer less square footage than the main house, and ADU housing may be a great alternative if you want to get started on building your own home without breaking the bank.
They enable homeowners that find themselves in a transitional period to build equity while having somewhere for their family members or employees to stay without giving up too much space. They are a fantastic way of making some extra cash and enabling people to transition more easily into adulthood or independence while still being able to continue living at home.
ADUs can often become an independent source of income for single-income families so that ADUs might provide everyone with some extra financial breathing room! ADU housing is perfect whether you’re looking for a different place for your kids/employees/friends/family members to stay or you’re looking for an ADU to rent out on a monthly, daily, weekly, or hourly basis!
For more information on homebuilding, energy efficient housing, multi-family units and more, please contact McCall Homes today! We serve the Billings, Montana, area with multiple communities featuring family-friendly residencies, recreation, and amenities. Call today to tour one of our beautiful model homes, or browse our available lots if you’re feeling inspired to build your own!