(StatePoint) Adding an accessory dwelling unit (ADU) to your property can increase the value of your home, become a source of rental income, or help you expand your living space for your adult children or parents.
If you don't know what an ADU is, you're in good company. A 2023 Freddie Mac survey found that 71% of respondents were unfamiliar with the concept. ADUs are often known as in-law apartments, granny flats, carriage houses or secondary suites. According to Freddie Mac, here's why investing in adding an ADU may be worth it:
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