420 - 1200 SqFt
The baby boomer generation is facing a retirement income shortfall and according to U.S. census data, the average 65-year-old couple has only about $100,000 saved for retirement.
Applying the 4% withdrawal rule to this $100,000 of savings, the couple could only generate $4,000 a year safely over the course of their retirement. That's just not going to cut it and while this couple hopefully has Social Security, which will provide the majority of retiree income, they will likely need more income. This leaves the couple with two choices: continue to work or use their largest asset – their home.
House prices are staying high and no signs of a bubble anywhere!
* 2/3 rds of all property in USA is owned by Baby Boomers who have at least 50% equity in their family home.
* 90% of BB's over 65 want to stay in their home as long as possible.
Tapping into the family home equity to extend the home, retrofit the garage or add a detached accessory dwelling unit will not only increase the value of your property but also generate additional passive income - all by using the equity in your family home.
Time for a Granny Flat ?
There is no time like the present to go forward with your goal of getting a Granny Flat, Companion Unit, or Guest Quarters. Listed below are the criteria, either for an addition or detached accessory dwelling.
Did you know you can leverage the equity in your existing home to either build an addition or a stand-alone Granny Flat and then make additional income while increasing the market value of your home? Call us at 310-359-5143 or email us here
Costs to build vary by country, region, climate and building codes. Therefore any prices shown here are indicative only and must be calculated in accordance with local building costs and prices. Hemp Technologies accepts no liability for materials purchased from other suppliers.