As our parents and loved ones age, creating a comfortable and accessible living space becomes increasingly important. Many homeowners are turning to Accessory Dwelling Units (ADUs) as a practical and compassionate solution. ADUs provide a balance of independence and proximity, allowing aging parents to stay close to family while enjoying their own private space. Whether it's a cozy backyard cottage, a converted garage, or a thoughtfully designed in-law suite, an ADU can offer both convenience and peace of mind.
Why Build an ADU for Aging Parents?
Independence with Peace of Mind: ADUs allow aging parents to have their own space while still being near family for assistance.
Cost-Effective Alternative: ADUs involve upfront costs, but offer long-term savings compared to assisted living facilities.
Increased Property Value: A well-designed ADU not only provides practical benefits but can also boost your home’s market value.
Flexible Use: Down the line, the ADU can serve as a rental unit, guest house, or office space.
Designing an ADU for Comfort and Accessibility
When building an ADU for aging parents, accessibility is key. Consider features such as:
Single-Level Layout: Minimize stairs and provide open, navigable spaces.
Wider Doorways & Hallways: Ensure easy movement for mobility aids.
Slip-Resistant Flooring: Prioritize safety with non-slip surfaces in high-traffic areas.
Walk-In Shower & Grab Bars: Make bathrooms safer and more functional.
Smart Technology: Install features like voice-activated lights and emergency call systems.
Financing Your ADU with Unison’s Equity Sharing Home Loan
Financing an ADU doesn’t have to strain your budget. With Unison’s Equity Sharing Home Loan, homeowners can leverage their home’s equity to fund the project while keeping monthly payments low. This innovative loan offers a 10-year, interest-only option, significantly reducing monthly payments compared to traditional loans. Plus, Unison’s Capital Improvement Adjustment ensures that any value added by your ADU won’t be included in the appreciation you share with Unison at the end of your loan.
If you’re considering an ADU for your aging parents, Unison’s ESHL can help make it a reality—providing financial flexibility while ensuring your loved ones have a safe and comfortable place to call home. Learn more today!
About the Author
Unison
We're the pioneers of equity sharing, offering innovative ways for you to gain access to the equity in your home. For more than a decade, we have helped over 12,000 homeowners to pursue their financial goals, from home renovations to debt consolidation, retirement savings, and more.
