In 1960, there were 6.9 million single-person households in the States. In 2017, that number rose to 35.25 million. Yet it may be questioned whether there’s been a significant enough shift in how we design and build houses to accommodate this rising number of single-person households. So what do these statistics mean for the average homeowner? Today, we’ll look at some of the benefits of incorporating an ADU (additional dwelling unit) into your upcoming home remodel in Atlanta, GA.
The Benefits of ADUs for Aging in Place
Did you know that constructing an additional dwelling unit may enable you to age in place? There are several reasons for this. Aging in place is often very difficult to do without help close at hand, and building an ADU gives you the option of having a caretaker on premise while still allowing both parties to maintain privacy.
Alternatively, it may even make sense for you to design your additional dwelling unit specifically for aging in place so that you can move into your ADU while you rent out your primary home, supplying supplemental retirement money and funds for medical expenses. This option works particularly well for retirees whose homes are designed with level changes and tight spaces that can become increasingly challenging to navigate.
The Benefits of ADUs for Generating Supplemental Income
Building an ADU can also be an easy way to generate extra cash flow. Since there is a recorded rise in single-person households, there’s also an increased need for small and affordable living arrangements. Of course, you’ll need to do some research to discover how much of a financial boost you can expect to receive from your ADU.
Start by soliciting bids for building your ADU, researching going rates for single-household rentals in your area, and discovering how much extra you may need to pay on property taxes. Remember to consider long-term pay-offs as you run your calculations since many financial investments pay large dividends down the road.
The Benefits of ADUs for Housing Family and Friends
Of course, it may also make sense to build an ADU for non-financial reasons, particularly to accommodate family and friends. More and more, college graduates are moving back in with their parents or relatives, retiring parents are moving in with their children, and single friends are looking for ways to split finances and enjoy one another’s company while retaining their privacy. In any of these scenarios, having an ADU on premise is the perfect way to make long-term hosting doable for homeowners and guests alike.
Checking Codes and Zoning Laws
Finally, as you consider constructing an ADU during your upcoming home remodel in Atlanta, don’t forget that checking local zoning laws is an essential first step. As you research local laws, don’t forget to explore all your options for ADUs: for instance, if you happen to be restricted from building a separate small home on your particular property, you may still be able to build one above your garage, in your basement, or as an addition to your main home. The forms ADUs can take are as multitudinous as the benefits they offer!