SmartMoney Monday: Ohana units vs. ADUs
HONOLULU (HawaiiNewsNow) - Are you looking after your elderly parents, and finding it difficult to keep an eye on their property, as well as yours? You may want to consider building an Ohana Unit. A lot of families, especially those with aging parents, are discovering the benefits of an Ohana Unit. An Ohana Unit is a second home permitted on a lot where the zoning normally allows for just one. They're perfect for families looking to create a multi-generational living space that's both practical and functional.
But how is an Ohana Unit different from an Accessory Dwelling Unit, or ADU?
Accessory Dwelling Units are living spaces with a full kitchen, bathroom, and sleeping facilities. Ohana units, on the other hand, can only maintain a "wet bar," and not a fully functional kitchen. An Ohana unit also has to be attached to the roof of your existing home, not detached. You'll also have to sign a restricted covenant agreement, which is a promise that you'll rent the new space only to a family member. You should consult a home contractor regarding any other requirements and restrictions. Consult with experts such as contractors and financial representatives who can advise and help you transition your Ohana to an income property legally and efficiently.
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