The cost of housing is rising across the nation, leading many people to explore alternate living arrangements. One of the most popular alternatives among Americans is multigenerational living. Reports indicate that nearly 20 million households, or 16.7 percent of all households in the United States, are currently participating in living arrangements with two or more generations or live with an extended family household member.
Accessory dwelling units, or ADUs, are one way to make multigenerational living a reality. ADUs are self-contained, additional living spaces added to existing properties and often used for housing extended family members. Reports indicate that these arrangements can help limit housing costs by utilzing otherwise under-utilized space, while adding an extra income stream for property owners, allowing them to benefit financially from their additional dwellings.
• Rising housing costs: Spiraling housing costs are leading many people to explore alternate living arrangements
• Growing Popularity of Multigenerational Living: Nearly 20 million households are already participating in living arrangements with two or more generations or live with an extended family household member
• ADUs: One of the most popular solutions is the use of Accessory Dwelling Units (ADUs), self-contained additional living spaces added to existing properties
• Lower Cost and Benefits for Owners: ADUs can help limit housing costs by utilizing otherwise under-utilized space and represent an extra income stream for property owners
You can read this full article at: https://www.housingwire.com/articles/61-percent-of-adus-are-built-for-multigenerational-housing-survey/(subscription required)
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