Hello everybody! Welcome back to Suburban Snacks, where we not only inform you of current Real Estate topics but also review a different food item every month! This month’s snack is… sour punch bites! Before we review the snack, we’ll be informing you on whether or not ADUs are becoming a game changer for housing! ADUs, or accessory dwelling units, have been recommended for providing affordable housing solutions, while also helping to alleviate inventory shortages. For anyone who doesn’t know, what is an ADU? An ADU is an additional housing unit built onto an existing property, whether as a standalone structure or an attachment to, say, a converted garage. They typically average around 400 square feet but could be larger. About 100,000 ADUs are being built every year, according to a 2021 analysis by Porch.com. Properties with an ADU are in demand: In the largest metros, homes with ADUs have priced an average of 35% higher than homes without one. As multigenerational households grow, ADUs are expected to continue to increase in demand. Eighteen percent of buyers between the ages of 41 and 65, many of whom fall within the Generation X age segment, purchased a multigenerational home during the past year, according to the National Association of REALTORS®. Further, homeowners may consider ADUs for rental opportunities and a possible income stream. As we learn all the different ways we can use an ADU and how it provides incredible flexibility, the market will only continue to grow. So, if you are a buyer who is interested in purchasing a home or utilizing an ADU then we at Suburban would love to help! Do you like sour punch bites? Let us know in the comments below. That’s going to do it for us here at Suburban Snacks. If you have any questions or would like to get into contact with us feel free to check out our website at suburbanrealestategroup.com. Also, make sure to click the link below to follow us on Facebook. Thanks for watching, my name is Cheri Malozsak and we will see you in the next one!