Downsizing to an ADU Often, when retiring, many parents find their current home too large. It was perfect for bringing up a family, but if everyone has left home, why spend so much maintaining a property that is not fully occupied? Instead, why not sell your home and buy a new, smaller one? Or better still, build your own steel- framed home to your specifications and build a second ADU with the remainder of the proceeds from the family home to bring in extra income? The advantage of investing in an ADU is that you not only get a return on capital through rent, which is appreciably more than you would get if the money were earning interest in a savings account, but you should also get an increase in the value of your ADU over time as the property increases in value in the long term. A change in financial circumstances It is an unfortunate fact that today we no longer live in a world where a job is for life, as it was back in our grandparents’ day. What happens if you lose your job and can’t pay the mortgage, or any other loan secured on your home? Well, thanks to FrameUpNow and affordable steel-frame homes, the situation needn’t be as dire as it might seem at first. If you have lived in your property for many years, chances are that selling it could release a good chunk of capital that would enable you to pay off any loan and temporarily downsize by building a steel-frame home, helping to keep your foot on the property ladder and avoid throwing money down the drain by paying rent. By keeping your money invested in property, when your financial situation improves you have the option of moving home again—or, as is becoming a popular option, designing and adding a new steel-frame extension to increase the size of your existing steel-frame home.
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