And ADUs might not have enough space or adaptations for a wheelchair, walker or other necessary accommodations. There can be unexpected costs in building an ADU, such as upgrading existing utilities, readying your yard for a new outbuilding, the interior design of the ADU, and if construction takes longer than expected.ĭownsizing is also often required to fit a smaller place.
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One con to ADUs can be how to manage the legal and financial impacts of building a separate dwelling on your property.įor instance, a recent New York Times advice column addressed the issue of who would own the stake in an ADU paid for by a mother-in-law on her child and spouse’s property if the couple got divorced. While the average cost of an ADU can vary widely, they typically cost close to half that of building a single-family home.
It can also mean the difference between having to sell a longtime family home. Sharing expenses can save money and an ADU often leads to an increase in a property’s value. Either way, having a private space that keeps Mom and Dad close by can mean not having to send them to a retirement facility. “And so, having multigenerational housing allows them to continue to have that daily interaction.”Įither adult children can live in an ADU on a shared property with their older parents or vice versa. “When you think about those that are aging, they typically become more isolated over the course of their life,” Genevieve Waterman, director of financial and economic security for the National Council on Aging, told U.S. Twenty-five percent of that group said it was for adult caregiving and 12% said it was for child care.Īnd caregiving is indeed a big upside to granny pods as they can help people “age in place” both logistically, financially and emotionally. adults gave “caregiving” as the reason why they live in a multigenerational home. The same data indicated that a third of U.S. If you’re interested in adding a “granny pod” or ADU to your home, check your state and city regulations to see what is required.Ī recent Pew Research Center analysis showed that between 19, people in multigenerational family households quadrupled in number. Presumably, this number is even higher in 2023, especially since the COVID-19 pandemic which found different generations of the same family joining together for living situations.
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Freddie Mac also put the number of ADUs in U.S. In 2019, Freddie Mac estimated that 70,000 properties with ADUs were sold compared to 8,000 in 2000. The west coast in particular has seen a boom in ADUs recently. Only in more recent years have states and counties started to change laws to make it more feasible to add an ADU to your property.
However, by around WWII, restrictions made it much harder. One potential solution to finding homes for more elderly people when there is less housing is to build on existing single-family home lots.īefore 20th-century zoning laws, it was easier to add outbuildings or additions to your property. This is happening at the same time as the continuing U.S. residents will be retiree-age in that year. Census Bureau shows that as baby boomers age, there will be more older people than children for the first time in recorded American history. By 2060, that ratio is expected to switch to 2.5 to 1 with working-age versus retirement-age Americans.īy 2030 there the U.S.
Census Bureau estimates that as of 2020 there were 3.5 working-age adults for each retirement-age person. They and their families need to figure out housing arrangements that can support them as they get older. One reason for more ADUs today is that the large baby boomer generation has all now crossed over into retirement age. ADUs share utilities with the primary home and usually have a kitchenette, bathroom, bedroom and living area. Sometimes these are separate buildings, sometimes they are attached, and sometimes they are within an existing home, such as in the basement or on an upper floor. Whether you call it a granny pod, an Accessory Dwelling Unit (ADU), an in-law suite, a granny flat, a casita, or a number of other names, having a private living space on a single-family home’s lot has become more common. Visiting grandma’s house could just mean a quick walk across the yard for many Americans as retirees end up living out their golden years in smaller units on family property.
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