Accessory Dwellings Offer One Solution to Housing Affordability Issues
As our population continues to expand and individuals live longer, affordable housing options are increasingly strained. With housing prices soaring beyond the reach of many middle-income Americans, many cities, like Charleston, are moving to create more affordable options by significantly expanding currently built dwellings to include additional spaces, commonly known as accessory dwellings, over the garage apartments, in-law or AirBnb/VRBO suites.
Home prices are rising faster than wages in two-thirds of housing markets, according to the 2020 Rental Affordability Report by ATTOM, a real estate and property data company. Affordable housing advocates promote ADUs as a way to modestly increase housing stock without drastically altering the neighborhoods that surround them, and a steady stream of new city, county and state regulations is making them easier to build.
Gracen Tilton | Marshall Walker Real Estate | 582 Rutledge Avenue | firstname.lastname@example.org | 803-549-6318