where work is concerned, many choose to live in a town or city a long way from home, or 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 a property. 5. Staying with your family – It may be traditional where you live that the extended family lives together all under the same roof. That may have worked out well when it was two parents and two young children. But once those children marry and start their own families, space will be at a premium. Then, when their children become young adults, you may be forced to consider 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 costs involved, you will find this is one of the most financially viable options. And what are two things all of the above 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 required. 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 ways.
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