House Hacking in Utah: How Buyers Are Living for Free – Q&A with Realtor Doug Cary

House Hacking in Utah: How Buyers Reduce Costs and Live for Free

Q: What is house hacking, and why is it becoming so popular in Utah?

Doug Cary: House hacking is a real estate strategy where you buy a property—often a multi-unit home or a house with an accessory dwelling unit (ADU)—live in one part, and rent out the others. The rental income helps cover your mortgage, sometimes allowing you to live for free or even make a profit. In Utah, with rising home prices and a strong rental market, house hacking has become a smart way for buyers to enter the market, build equity, and offset living expenses. It’s especially popular among first-time buyers and young professionals looking to maximize their investment.

Q: How does someone get started with house hacking in Utah?

Doug Cary: The first step is to connect with a real estate agent who understands the local market and the ins and outs of house hacking. You’ll want to get pre-approved for financing and identify properties that allow for rental units, like duplexes, triplexes, or homes with basement apartments. I guide clients through the process, from analyzing cash flow to navigating zoning laws. For a list of available properties, check out our Utah Home Search page.

Q: What types of properties work best for house hacking in Utah?

Doug Cary: Multi-family homes, duplexes, triplexes, and single-family homes with separate basement apartments or ADUs are all great options. Utah’s diverse neighborhoods offer plenty of choices. The key is finding a property where the rental income can cover a significant portion of your mortgage. Explore our Buyer Resources for tips on evaluating potential house hacks.

Q: Can you share a success story from a Utah buyer who’s house hacked?

Doug Cary: Absolutely! One of my clients purchased a duplex in Salt Lake City. By renting out one unit, their monthly rental income covered nearly their entire mortgage payment. Not only did they build equity, but they also gained valuable landlord experience. Stories like these are common and show how house hacking can transform your financial future.

Q: What are the biggest challenges house hackers face, and how do you help clients overcome them?

Doug Cary: Challenges include finding the right property, understanding local regulations, and managing tenants. I help my clients by providing up-to-date market insights, connecting them with trusted lenders and property managers, and guiding them through every step. For more in-depth guidance, visit our Buyer Resources page.

Q: Where can I learn more about your experience and what past clients say?

Doug Cary: I’m proud to have helped many Utah buyers achieve their real estate goals. You can read what my clients have to say on Google, Yelp, and Zillow. Their stories speak to the results and care I bring to every transaction.

Q: What advice do you have for buyers considering house hacking in Utah?

Doug Cary: Start by educating yourself and working with a knowledgeable agent who can help you spot opportunities and avoid pitfalls. House hacking isn’t just about saving money—it’s a pathway to financial freedom and long-term wealth. If you’re ready to explore your options, contact me and let’s find your perfect house hack in Utah!

Ready to start your house hacking journey in Utah? Contact Doug Cary with The Cary Group @ Century 21 Everest to find your ideal property and live for free!