How an ADU Can Add Value to Your Home

 

Whether you’re an investor or a homeowner looking to add some extra living space, adding an ADU can be a great way to increase your home’s value.

ADUs come in many forms, from a detached garage to an attached guest house or backyard cottage. Regardless of the style you choose, the investment can add value to your home and increase your income.

Additional Living Space

Accessory dwelling units, or ADUs, are becoming increasingly popular in cities across the country as families look for ways to accommodate aging family members, caregivers and young adults who need independent living spaces.

Whether you're looking for additional living space for yourself, a family member or to generate rental income, adding an ADU can be a great way to boost your home's value.

However, creating a properly permitted and thoughtfully designed ADU is important. Otherwise, it could be a costly hassle that you live to regret!

The type of ADU you choose will depend on your property's size, location and zoning requirements. An interior conversion, for instance, is less expensive to build than detached or attached ADUs.

Additional Income

An ADU can increase your home’s value by adding additional living space and/or rental income. This is especially attractive for homeowners who have parents, adult children or other family members who need more space.

While building an ADU can be a costly endeavor, it can also be a rewarding one. The extra income is a great way to pay down your mortgage, cover utilities and more.

If you plan on renting out your ADU, make sure you’re aware of your local regulations and are prepared to meet the responsibilities associated with owning investment property. This includes screening potential tenants, drafting lease agreements, handling repairs and more.

Additional Space for Storage

ADUs come in a wide variety of shapes and sizes. They are a popular choice for homeowners because they offer many benefits.

Aside from the extra living space, an ADU can provide additional storage as well. This can include items like bicycles, ski gear, and more.

This type of storage can be a little more difficult to find, but it is possible to maximize it in a number of ways.

In some cases, ADU owners are able to make use of the garage space above their homes. This can be a valuable space for additional storage and an excellent way to increase the value of your home.

These units are becoming increasingly popular in cities and communities as more and more people want more housing options, especially in densely populated areas.

Additional Privacy

If you have elderly parents or in-laws that live on the property, an ADU can be a great way to provide them with additional privacy and independence without them having to share your home.

This also gives you a chance to get some extra income from renting out the space. This can help you with your living expenses, debts, or savings.

Another great advantage of having an ADU is that it conserves land on your property. This means that you won’t have to develop more land in the future. This can also help to preserve natural habitats and green spaces in your community.

Additional Flexibility

Adding an ADU to your home is an excellent way to create extra flexibility. It can be used for a wide range of purposes, including as an in-law suite or granny flat, or as an additional dwelling space for rental income.

ADUs are becoming increasingly popular as a result of a shortage of affordable housing. They offer a lot of flexibility to homeowners, and can be an excellent choice for families with young children or elderly parents who need a little extra space.

A well-planned ADU can add between 20-30% of the property’s value to it. This amount of value can greatly increase the overall value of a home, but it’s not something that’s easy to achieve.

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