Get income from accessory dwelling units

During retirement, sources of retirement income typically come from Social Security and a retiree’s own savings. But seniors around the country are finding that adding a second, independent living space to their homes can provide welcome extra income as rentals. Called accessory dwelling units, or ADUs, these in-law units or cabins can also serve as private living quarters for aging parents or an adult child in transition.

Michael Litchfield, a certified green building professional and author of “In-Laws, Outlaws, and Granny Flats,” a primer on planning and building ADUs, calls them an intelligent solution to the problems of urban sprawl.

Continue to full article: http://www.bankrate.com/finance/retirement/get-income-from-accessory-dwelling-units.aspx

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