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by sburl
2530 days ago
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We build units that are just as nice as your existing home. With proper upkeep, they'll last just as long too. This was something the article didn't quite get right. You're able to pass this agreement on to a next of kin or new buyer. We'll even lower the priority of our lien to allow a mortgage to be issued. You're right that one of our hopes is to enable people to stay in their homes amidst the rising cost of living. The income from this unit can be used to hire a caretaker or even enable the homeowner to downsize in place -- moving into the ADU and renting out the main home. In this scenario, the homeowner would just need to pay us half the market rent. Finding a balance between renter and homeowner is a big concern of ours. The scale of the difficulty depends a lot of times on how much space there is on the lot. Most of the time we'll build as far from the main home as possible to help preserve privacy and independence but there's still a balance to find. We have an expectation for homeowners and renters alike to be reasonable and we don't want to need to enforce that with a contract but setting clear expectations and methods of recourse are important. I don't think I've ever seen Brian wear a tie ;) |
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