By the time you finish reading this article, approximately seven baby boomers will have reached retirement age. As the U.S.’s largest generation exits the workforce, new retirees should be allowed the freedom to be near family, and live life to its fullest.
In California today, however, housing prices are high and growing higher. 39-percent of Bay Area residents are now considered “cost-burdened”–meaning over 30% of their income is dedicated to housing costs alone–and the problem is far more dire for those no longer in the workforce. With an estimated 8%+ rise in California housing prices over the coming calendar year, grandparents are being left out in the cold, forced to move far away from their children and grandchildren simply in order to afford the costs of living. A dollar today simply doesn’t go as far as it once did, and families are being stretched because of it.
Too often today, getting to see your grandkids requires more than just a short walk down the street or a short drive to the next town over–nowadays it takes hours-long drives or even flights. But is it really so much to ask, that family get to live near family?
Here, finally, is the solution: SonderPods.
SonderPods are the most cost-effective way for elderly individuals to live comfortably, in close proximity to family. And the concept is deceptively simple.
SonderPods are high-quality modular accessory dwelling units: in other words, they’re luxury guest houses, at less than half the cost. You can have your new SonderPod ready to go in just two weeks’ time—a functioning, prefabricated, fully-furnished home, dropped right into your backyard. That means baby boomers can finally live close to family while maintaining the independence of having their own home.
If you’re still not convinced, consider this: the average cost per square foot of constructing a new building in California today averages at around $350. For higher-end and smaller projects, this number can jump as high as $600. SonderPods are built to the same code and standards as any other home, for just $150 per square foot. That’s 2- to 4-times the rate of return on your dollar.
Are you, or a relative close to you, retiring or planning to retire soon? There is simply no better, more fiscally responsible way to start a new life in the Bay Area, nearest to the ones you love, than with SonderPods.
If you are still saving for your retirement, our blog post on how a SonderPod can help you enjoy a better retirement years earlier is a must read. Click Here!
Not all homes meet the criteria to be approved for an accessory dwelling unit so we have created an ADU Approval Checklist that covers the major requirements for approval. Your SonderPod team can also pre-qualify your home in just 48 hours. To find out if your home qualifies, Click Here!
***Certain restrictions may apply, as SonderPods require a predetermined amount of available land, and must qualify under all relevant California law.