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How to Add Value to Your California Property with an Accessory Dwelling Unit

If you’re looking for a way to add value to your property, consider remodeling it to include an Accessory Dwelling Unit (ADU). ADUs are becoming more and more popular as people look for ways to maximize the use of their space. Not only do they provide extra living space, but they can also be a great investment. In this blog post, we will discuss the benefits of adding an ADU to your property and how you can get started!

An ADU is a small, self-contained living unit that is attached to or detached from a primary residence. They can be used for a variety of purposes, such as an in-law suite, guest house, rental unit, or home office.

There are many benefits to remodeling your property to include an ADU, and a number of reasons why they add value to a property. First, ADUs provide you with extra living space. This can be especially beneficial if you have a growing family or frequently entertain guests. Second, remodeling to include an ADU can also increase the resale value of your property because ADUs are becoming increasingly popular, especially in urban areas.

Besides increasing your property value, ADUs can also be a great way to generate rental income. If you live in an area with high rental demand, you may be able to charge a premium for your rental unit.

If you’re interested in adding an ADU to your property, there are a few things you need to keep in mind. The first step is to check with your municipality to see if an ADU is permitted on your property. If you live in an urban area, it’s very likely that ADUs are allowed. But even in rural areas, more and more municipalities are starting to allow them. Once you know that building an ADU is an option, the next step is to decide if it makes financial sense for you. The biggest factor here is what your property is currently worth, and how much value an ADU would add. If you’re not sure what your property is worth, you can start by looking up recent sales of similar properties in your area. This will give you a good idea of what your property could be worth if you were to sell it today. 

The next step is to estimate how much value an ADU would add; a good rule of thumb is that an ADU can add 20-30% to the value of your property. So, if your property is currently worth $100,000, an ADU could increase its value to $130,000-$120,000.

Then, you will need to obtain the proper permits and approvals from your local municipality. This process can vary depending on where you live, so it’s important to do your research ahead of time. And last, but not least, once you have all of the necessary approvals and permits, you should hire a qualified contractor who has experience with this type of remodel to ensure the remodel is done correctly.

Do you own a property that could benefit from an ADU? Contact us today!

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