Disclaimer: This information is meant for educational purposes only and is not intended to be used as or a substitute for professional financial advice. Building an accessory dwelling unit (ADU) and renting it out is now an established way for homeowners to make some passive income. As housing prices continue to climb in North Carolina and [...]
Disclaimer: This information is meant for educational purposes only and is not intended to be used as financial advice. Always seek the assistance of a professional before making such a large financial decision. An accessory dwelling unit has a lot of potential benefits for homeowners. It can provide extra space, add value to your property, and [...]
Disclaimer: This information is intended for educational purposes only and is not financial advice. Always consult a financial professional before making a large borrowing decision. A home equity line of credit (HELOC) is one of the most common ways to finance building an accessory dwelling unit (ADU) on your property. Lenders are increasingly offering this loan [...]
The granny flat is an old idea that is currently experiencing a new life in the U.S. As property values around the country continue to climb, granny flats – also known as accessory dwelling units (ADUs) – allow homeowners to create additional living space for themselves and loved ones, or to use as an income-generating rental [...]
There are many things you can do with an accessory dwelling unit (ADU) on your property. They can serve as an independent-yet-close living space for a family member, a private home office, a professional studio, and many other things. However, one of the most popular uses for an ADU is as a rental unit that generates [...]
With the growing popularity of accessory dwelling units (ADUs) – also known as "granny flats" or "in-law suites" – more building contractors are jumping on the opportunity. But building an ADU is different from building a primary home and other types of construction projects. Even if a contractor is excellent at some types of construction, they [...]
North Carolina is home to one of the hottest property markets in the country right now. Property in most parts of the state is more expensive to buy than ever and rents continue to go up. With a relatively low cost compared to buying or building a traditional home on its own property, building an accessory [...]
As they’ve become more popular in recent years, you may have heard a friend or family member talk about building an in-law suite. Maybe you’ve seen one go up in a neighbor’s property. You may have even considered building one yourself. In-law suites can be a great way for many homeowners to add space to their [...]
