H
ello, friends! Welcome to the newest edition of Senior Spotlight, where we dive into real‑estate topics that matter to older adults.
Last year I explored Accessory Dwelling Units—commonly called granny flats, mother‑in‑law houses, or guest houses. An ADU is a separate living space that can attach to the main home, sit beside a garage, or stand alone on the same lot.
Why the surge in interest? Homeowners seek passive income from unused land, families combine resources while keeping privacy, and seniors often want relatives close yet independent.
**How ADUs are built**
I spoke with Caleb Blair of God’s Country Development, who noted a 30 % jump in ADU inquiries this past year. Their three‑step method starts with a Discovery Call to pinpoint needs, followed by a Site Visit to assess feasibility, and ends with a Proposal outlining the plan. From blueprints to permits, utilities to final construction, they manage the entire process. Clients fall into two groups: investors maximizing property value and lifestyle buyers adding space or rental income. In both cases, the builder tailors the project to exact specifications.
**Meeting senior needs**
When seniors move in with children, builders must balance the homeowner’s wishes with the parents’ comfort and independence. It’s crucial that older adults feel heard and play a key role in design. Choosing a contractor experienced with multigenerational families is essential.
**Financing options**
“How do I pay for an ADU?” is a common question. God’s Country Development partners with lenders who specialize in ADU financing. If you have equity, options include a Home Equity Loan, a Home Equity Line of Credit (HELOC), or a Cash‑Out Refinance. Your realtor can connect you with reputable lenders, and a financial planner can help choose the best strategy for your future.
**Colorado’s new landscape**
Adding an ADU can boost property value and generate extra income. Regulations differ by city and county, so a knowledgeable realtor can assemble a team—lender, builder, planner, CPA—to navigate the rules. Colorado’s HB 24‑1152, effective June 30 2025, relaxes building restrictions, amends HOA rules to allow ADUs, and introduces new financial incentives. This legislation expands opportunities for homeowners across the state.
**Next steps**
Your local Senior Real Estate Specialist is a great starting point to learn what’s available. If you’d like more details or a different topic in the next Senior Spotlight, let us know. We hope you’ve discovered something new today!
