Build an Attached ADU with a Garage Conversion for Retirement Planning
If you or an older family member is approaching the age of retirement, you can plan the conversion of your garage to an apartment space. This is one of the best investments you can make for your home. It is an excellent strategy, both for protecting your family and providing you with the retirement security you need in the long run.
Consult professionals for the attached ADU
As you or an older family member reaches retirement age, you must have a retirement fund. To increase these funds, the idea of building an attached ADU to your home with a garage conversion is a great idea. In this way, you can earn funds for the retirement account in the future. In addition, this extends your savings as this conversion gives you apartment space you can rent out for money. It can also give you the resources you and your partner need in your lives later.
Boost the value of your property with an ADU
If you live in Southern California and come from a middle-class family, it is really hard for you to buy a new house as the real estate prices are quite high. If you are a homeowner already, boosting the value of your property gives you the financial security you need in the future. If you already have kids, the construction of an ADU gives you a completely independent space for them to come, stay or live with you whenever they want.
A garage conversion is a great investment for your home
There is estimation that about one-quarter of people aged between 23 to 37 years has moved back to their parents’ homes in recent times. This is why a garage conversion into an apartment space is an excellent investment for both parents and adult children.
Adult children can grow and develop their finances for the future while boosting their home’s property value. They, at the same time, provide considerable income for their families in the future as well.
It is affordable as an investment
At the same time, a garage conversion is one of the most affordable investments you can make for your home. If you consider the time and construction costs, it is a win-win situation all the way. The biggest advantage being homeowners do not have to build a new structure from scratch. Instead, the present infrastructure they own is refurbished with new apartment space that later serves as a completely functional area for living.
Last but not least, if you have an elderly relative who needs constant care, building an attached ADU is a prudent choice. It helps your loved one to live independently and in the proximity of loved ones. To get the best ADU for your home, consult professional companies with experience and proven track records in garage conversions. Call them over for a free home qualification so that they can help you assess the space and guide you with the construction process of the ADU with success!