While her house is paid off, her home-related costs, including insurance, property taxes, and maintenance, have risen.
In 2019, her home insurance cost about $890, but last year, according to her record-keeping, she paid almost $1,500.
Increasingly, cities and states across the country are legalizing and even incentivizing ADU construction as a way to boost the supply of smaller, more affordable homes.
Courtesy of SylviaThis comes as older people, including homeowners, are struggling with rising housing costs in communities across the country.
But property taxes and insurance costs are also way up, making it hard for many homeowners to afford their payments.
Persons:
—, Sylvia, She's, who's, I'm, it's, ADUs —, Sylvia ADUs, ADUs, Policygenius, Beverly Dashnaw
Organizations:
Service, Business, BI, Harvard Joint Center for Housing Studies
Locations:
Arizona, Missoula , Montana, California, Montana, Missoula, ADUs, In Montana, Helena