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I don’t know about you, but there is nothing better than being close to family, especially during this period in our history when the pandemic crisis has separated so many families and loved ones. Never has home felt so important as it does today. I am blessed to live with my parents, but not all families have that luxury.
If you are considering moving in with family (or having family move in with you), space may be an issue. However, as a homeowner, you may be able to consider something called an accessory dwelling unit in order to make this a more pleasant experience for all involved. In fact, it may be the perfect option to ensure that everyone has their own space, but the extended family still feels connected.
For those of you who are not sure what this type of housing is and if it is even right for you in your current situation, it might be a good idea to understand what is intended by the term ADU, as these are often called. In its simplest terms, this type of dwelling is merely a separate living space either attached to your main home or on your property. It could be something as simple as a basement apartment and something more complicated as a second house in the backyard. Accessory dwellings can take on a variety of forms, but they tend to serve similar purposes. Either they are intended for your family members to come and live with you, or you may decide to use it as a secondary income by renting it out.
As you go through the process of deciding whether this type of dwelling fits in with your current environment, there are many things to consider.
Before you decide to jump in and add this to your property, finances should be a critical deciding factor. Chances are this will be an expensive addition to your home, but it can also add incredible value to your home and property as well. Ensure that you have the money or can procure it before making plans for this addition.
The next thing you will need to consider is what is required of you to add this structure. There may be zoning regulations that will prevent you from going forward. Perhaps the cost that will be added to your insurance or property taxes is cost-prohibitive. You may even discover that maintenance, upkeep, and the sheer headache of filling out your taxes with this added dwelling are just too much for you to consider. Make sure you weigh all pros and cons before going ahead.
If this is something you are committed to pursuing, know that the benefits are beyond amazing. Not only can you provide a place for your parents to live out their golden years or a spot for your kids to live until they find their footing, but you can earn some serious money if you receive and follow sound advice. The possibilities are practically endless, and more than likely, in the end, this addition to your home will be something beneficial that is well worth the time, money, and effort invested.
