Is a "Granny Pod" a Good Option for My Parents?

Granny pods can provide independence and proximity.

Your parents are getting older.

They want their independence.

But they also need your help.

You will be the one providing their care.

According to a recent AARP article titled “Granny Pods Are Becoming a Popular Housing Alternative,” you are not alone.

In fact, about 23 million Americans are providing care for their aging parents.

This often means your parents will need to move closer to you.

What if they cannot afford a home near you?

What if you do not have room in your own home?

What if you have room in your home, but it is not designed for accessibility?

Do you have option?

Yes.

One such option is a Granny Pod.

What is a Granny Pod?

A Granny Pod is a micro-home.

These can be small enough to fit into a backyard but can also include a family room, kitchen, bedroom and bathroom.

They are designed for accessibility.

How much would one of these houses cost?

This depends on the features.

The price can range anywhere from $50,000 to $250,000.

One of these cottages may be a great idea for your parents.

Even so, they are not desirable for everyone.

Be sure to discuss all options with your parents and, of course, your local zoning folks.

Communication is important to creating the best plan for everyone involved.

Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.

For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.

Reference: AARP (September 11, 2017) “Granny Pods Are Becoming a Popular Housing Alternative”