Considering converting your garage into an ADU but are not sure what you would use it for? Let us help! Here are some great ideas for garage conversions.
Rental Income Opportunity
A huge advantage to having an ADU on your property is that you have the option to rent it out long-term. Renting your unit long-term can provide you with additional passive income while providing an affordable housing option to people in your area. As the housing crisis grows, renting out ADUs is becoming a clear solution to helping keep low-income families off the streets.
House Hacking
One of the best ways to use an ADU is for house hacking. House hacking is when you live in your ADU and rent out your primary home to pay off your mortgage faster. Since your primary home is larger than your ADU, you can rent it out for more money. Once your mortgage is paid off, you can move back into your primary home and begin renting out your ADU for additional income.
House For Aging Parents
Putting your parents into assisted living can cost you a lot of money. However, having them move directly into your home with you and your family can cause tensions as privacy and independence are lost. To prevent this, you can have your aging parents move into your garage conversion for free. They maintain a level of privacy and independence while still being near if they need assistance.
House For Adult Children
Are your kids 18 or over and ready to move out but can’t afford to yet? Having them live in the garage conversion can offer them a taste of independence without breaking the bank. It also lets you keep an eye on them if they need any help.
Home Office
If the pandemic showed us anything, it is that people love working from home. However, working in your house can be difficult for those with children or pets that like to distract them. With a garage conversion home office, you can have your own space while still being able to walk back into your house whenever you want.