property could be rented out to generate additional income. The property would become even more affordable to build, as you will only have to pay for the structure – you already own the land it will be built on! 4. Helping out your family financially – In many countries, the value of property has risen so much in the past 20 years that getting on the property ladder can be very difficult, if not impossible. Because the younger generation has so many options where work is concerned, many choose to live in a town or city a long way from home, sometimes even abroad. Local planning laws may allow you to build an independent ADU on the existing plot of your home, create an independent entrance, and then sell off the main home. The proceeds would comfortably pay for your ADU and allow you to help your children buy rather than rent. 5. Staying with your family – It may be tradition where you live that the family stays together under the same roof. That may have worked out well when it was you, your wife, and two children. Once those children marry and start their own families, it is likely space will become a premium. Then, when their children become teenagers and require their own bedrooms, you may then be forced to look at the costly option of moving to a larger property or they may have to consider living elsewhere. However, with the low cost of construction, you could easily expand the square footage of the existing property with steel-framed extensions to provide additional bedrooms and living space. If you work out the finances involved, you will find this is one of the most financially viable options. And what are the two things all of the above five scenarios have in common? First, each option adds capital value to the principal residence. This makes perfect sense if you have children you wish to leave a legacy to. Second, no relocation is needed. No changing towns, no saying goodbye to neighbours, no
massive upheaval at a time in life when you least need it. An ADU makes perfect sense in so many different ways. When a PRADU can be a godsend
Sometimes we have to be honest and look at all the circumstances where an elderly person may want to live in an ADU. In truth, perhaps for many, there isn’t a choice and worse still, there is a distinct sense of urgency about the situation.
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