The United States housing market faces several challenges, including low inventory and high prices. As a result, many families are considering
multi-family living arrangements to save money or generate income.
Two main types of multi-family living exist accessory dwelling units (ADUs) and two-family properties. ADUs are smaller units attached to or detached
from a single-family home. They are often used to house family members or to generate rental income. On the other hand, two-family properties are larger units divided into two separate apartments.
There are several factors to consider when deciding whether to create an ADU or a two-family property. These include zoning regulations, the size
of your property, and your personal needs. Suppose you are considering starting a multi-family living arrangement. In that case, doing your research and consulting with a qualified professional is essential.
Benefits of Multi-Family Living
There are several benefits to multi-family living. These include:
Saving money: ADUs and two-family properties can be a way to save money on housing costs.
If you create an ADU, you can rent it to generate income. If you make a two-family property, you can live in one unit and rent out the other unit.
Generating income: ADUs and two-family properties can be a way to generate revenue.
If you rent out an ADU or a two-family property, you can earn a monthly income to help you pay your mortgage or other expenses.
Flexibility: ADUs and two-family properties can provide flexibility. If you have an
ADU, you can use it to house family members, guests, or renters. If you have a two-family property, you can live in one unit and rent out the other unit. This can allow you to move or change your living situation as needed.
Drawbacks of Multi-Family Living
There are also some drawbacks to multi-family living. These include:
Zoning regulations: Zoning regulations may restrict the types of multi-family living
arrangements allowed in your area. You should check with your local zoning office to see what is permitted.
Maintenance: ADUs and two-family properties can require more maintenance than single-family
homes. You must be prepared to handle repairs and maintenance on both units.
Privacy: ADUs and two-family properties can impact your privacy. If you have an ADU,
you will have neighbors living close by. If you have a two-family property, you will have tenants living in your home.
Multi-family living can be a good option for families looking to save money, generate income, or have more flexibility. However, weighing the good
and the bad before deciding is crucial. If you are considering multi-family living, it is essential to do your research and consult with a qualified professional.