Shrink your home for retirement by adding an ADU!
It wouldn’t be very cost efficient to tear down part of your house to get a smaller, more affordable house to fit your retirement budget! But an ADU might be the answer.
Most areas now allow an “Accessory Dwelling Unit (ADU) to be created on the existing property. ADU’s can be attached or detached (DADU) from the primary structure. They can be used by the property owner, a relative or rented out.
You can section off an area of the main house, convert the garage, add an addition or create a separate living space. The options are almost unlimited, depending on the zoning of the property.
You can create a space that fulfills the new living requirements of your retirement. The existing space can be rented out to provide cash flow. Tenants can be friends, relatives or complete strangers.
The Main thing is having a space, you can afford, meets your needs and is in the location you want to live in!