There are many benefits to building an ADU, or accessory dwelling unit. Perhaps the most obvious benefit is the extra living space that an ADU can provide. This is especially beneficial for growing families or families who frequently have guests staying with them.
Another benefit of building an ADU is that it can be used as a “mother-in-law” suite. It is a perfect place for elderly parents to live, while still maintaining their independence. This can be a great alternative to assisted living facilities or nursing homes, as it allows aging loved ones to age in place. ADU’s can also provide that extra private residence for adult family members.
An ADU or Accessory Dwelling Unit can also be a great source of income, as it can be rented out either long-term or short-term. Monthly income can average $1,500 -$2,000 a month. Local municipalities have different rules for length of rentals so check with your local laws.
BEST BENEFIT is an immediate return on investment as property value has now increased proportionately per sq ft. Example: An 800 sq ft ADU costing approx. $180k ($225 per sq will increase your property value based on current market sold comparable in your neighborhood. New value approx. $240k ($300 per sq ft.) and will appreciate each year.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.