Accessory dwelling units, or ADUs, are a great way to add some extra living space to your home. They can be used for a variety of purposes, such as an office, studio, or guest room. If you’re thinking about adding an ADU to your home, there are a few things you need to know first. In this blog post, we will discuss the in’s and out’s of accessory dwelling units so that you can make an informed decision about whether they are right for you!
An accessory dwelling unit is a secondary dwelling unit that is attached to, or detached from, a primary residence. ADUs are often referred to as granny flats, in-law units, or secondary suites.
What are the in’s of ADUs?
There are many benefits to having an ADU, such as providing extra income, accommodating elderly parents or grown children, and adding value to your home. Remodeling Magazine’s 2017 Cost vs. Value Report found that the average return on investment (ROI) for an ADU was 70%.
Another pro is that ADUs can help to ease the housing shortage. In many parts of the country, there is a severe lack of affordable housing. By adding an ADU to your property, you can provide more affordable options for people looking to rent.
ADUs also have the potential to generate income. If you decide to rent out your ADU, you can bring in extra money each month to help cover your mortgage or other expenses.
If you’re considering adding an ADU to your property, there are a few things to keep in mind. First, check with your local zoning laws to see if there are any restrictions on building an ADU. Next, make sure you have the financial resources in place to cover the costs of construction and any necessary permits. The permitting process for ADUs can vary depending on your jurisdiction. In some areas, you may be able to build an ADU without a permit. However, in most cases, you will need to obtain a permit from your local planning or building department before beginning construction. Finally, consider hiring a professional contractor to help you with the project.
What are the out’s of ADUs?
There are several cons to having an ADU on your property. The most common is the cost. It can be expensive to add an additional living space to your home, especially if you need to do significant renovations. Additionally, you may need to obtain special permits or zoning approval from your city or county in order to build an ADU. This can be a lengthy and expensive process. Finally, it’s important to consider the impact an ADU may have on your property value. While an ADU can provide you with additional income, also make it difficult to sell your property in the future. This is because potential buyers may be concerned about the impact an ADU may have on their privacy and quality of life. You should speak with a real estate agent or appraiser to get an estimate of how an ADU may impact your home’s value.
If you build an ADU on your property, you will likely need to share outdoor space with your tenant. This can include things like yards, driveways, and patios. Additionally, you may need to deal with increased noise and traffic.
Overall, there are both pros and cons to having an ADU on your property. The main things you need to consider are the costs of construction and permits, the impact on your property value and the increased noise and traffic. If you’re prepared to deal with these things, then an ADU may be a good option for you. Otherwise, you may want to reconsider.
If you are ready to start building your own, book an appointment now! We would love to assist you with your project.