Accessory Dwelling Units are a popular way to invest in your existing property. Here are some potential uses for an ADU.
- Support Family Members
To meet today’s alternative family arrangements, you need to use alternative housing options. ADUs make great in-law quarters and provide families with a place to care for their aging parents. An ADU allows you to give them a greater amount of independence than they would have in a retirement community/assisted living community/nursing home. ADUs are also a popular way to give adult children a place to live while respecting their privacy.
- House On-Site Caregivers
If your family relies on an on-site caregiver – like a live-in nurse or nanny – an ADU will give them the privacy and independence they need, while also giving you the on-site convenience you are looking for.
- Additional Rental Income
Accessory Dwelling Units are the perfect fit for short- and long-term rentals. If you live in a popular community, you can Airbnb your ADU and get additional rental income. Or, you may choose to live in your ADU and rent out your main residence to short- or long-term tenants.
- Man cave or she shed
If you ever find yourself with an empty nest (finally) and do not need the rental income, the extra room in your ADU suddenly opens up a world of possibilities. It’s like having a blank canvas just waiting for your personal touch. Whether you’re itching to create a cozy “she shed” or place to work away from the house where you can let your creativity run wild or envision the ultimate “man cave” for kicking back and relaxing, the extra space becomes your haven.