Over the last decade moving home has become a norm in the United States. Life changes and unexpected circumstances like the recession in 2008 and the pandemic in 2020 have shifted the ways that we live and support one another. According to research done by Zillow Group, about 2.9 million adults moved in with a parent or grandparent last spring, and according to Pew Research 52% of young adults, ages 18?29, are currently living at home with their parents.
When family members, particularly children, move back home it can bring back a sense of community and closeness, but there are some difficulties that may arise. Accessory dwelling units (ADUs) are the solution that provides families with the support they need and the closeness they crave while maintaining boundaries and bringing some added financial benefits to the property owner as well.
Get More Space with an ADU
A multi-generational living arrangement has many positives like more interpersonal time, connection, and space to create more memories together. Making this happen with the extra living space provided by an ADU has many benefits, including:
Individual Independence with Communal Living
Accessory dwelling units allow everyone to have their own space. You could really think of them more like modular apartments on your property. Space to retreat or unwind at the end of the day is important. Having that space that is really completely separate can keep the peace and allow everyone to feel independent yet still connected.
Increase in Property Value
Opting for a modular ADU addition on your property can impact the value of your home in a positive way. Over time, the extra living space and aesthetic provided by an ADU will increase your property value. The careful design and durability of modular ADUs are great selling features, should you ever decide to put your property on the market.
Potential Rental Income
If your child or family member does ever move away from home again, an ADU addition can be rented out. You could easily find a local college student, couple, or adult to rent it out to. Over time this extra income could even potentially end up covering the original cost of your ADU.
Space for Guests with a Modular ADU Apartment
When the space is open again in the future, if a traditional rental arrangement doesn’t suit you, you could always use it to accommodate guests or for occasional overnight rentals with Airbnb. Having some extra space to invite friends and other family members to stay always feels good. With the modular apartment, you have the benefit of space and boundaries in this situation as well.
Whether boomerang kids or another family member has moved in with you recently or not, an accessory dwelling unit is a great way to provide security and support to your loved ones now and in the future.
