Hottest trend in real estate: tiny add-on homes for in-laws or millennials
Posted by Lauren Spencer on
The hottest trend in real estate these days is carving out some space for your in-laws, the Wall Street Journal says.
And it has the potential to lift your home value as much as 60 percent.
Known informally as "in-law suites" or "granny flats" and formally as "accessory dwelling units" (ADUs), these little homes, usually somewhere between 300 and 800 square feet, are going up in backyards across the country. The multigenerational living trend has been picking up steam through the Great Recession, both as millennials return to their parents' homes and as boomers (and their parents) age.
To skirt zoning rules, in-law units often lack stoves. Click here for a slideshow.
The main obstacle is zoning. Cities generally restrict the number of…
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