Should you Add and ADU to Your Property?

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Top 4 Benefits to Adding an ADU to Your Property

With the real estate market the way it is these days, there’s more of a need than ever for affordable housing. This is especially true in the San Diego area.

And because of the limited housing opportunities around here, there is a solution going around that’s been steadily increasing in popularity throughout the years.

ADUs.

You’ve probably heard of them before. They’ve been called many things: tiny homes, casitas, granny flats, guest cottages, you name it.

Whatever you call them, we’re just geeking out about how ADUs are such an efficient solution for homeowners and real estate investors alike, and not just for housing.

So, should you consider adding an ADU to your property? We think you should.

What’s an ADU?

ADU stands for “accessory dwelling unit.”

They provide extra livable space, right on your property, that you can either rent out to tenants or use for your own needs. If that sounds pretty convenient, then you’re right!

ADUs can range in size from a 150 sq. ft. studio apartment to a 1,200 sq. ft. home. There’s a variety of construction types as well, depending on what works best for your budget and your property.

Here are some examples of all of the places on your property where you can construct an ADU:

Your ADU can be a single or multi-story unit, it’s all up to you and your vision.

 

"Actually, your vision and your local zoning and ADU allowances."

Those will determine what kind of ADUs will be allowed on your property. What’s the zoning in your area? Well that depends on where you live and any limiting factors your property might have. If you aren’t sure about the regulations where you live, don’t worry.
You can leave that to us, it’s kind of our specialty.

So, if you’re on the fence about putting your very own ADU on your property, here are some reasons why you should:

Monthly Rental Income

Whether you’re an investor or a homeowner looking to add income property, ADUs are the perfect fit for your needs.
An ADU can net you some extra, consistent income every month. Use the money to build another ADU, use it to pay off your mortgage, send your kid to college, or just to pad your savings account.
It’s your money and it comes to you every month that your unit is occupied.
Homeowners, that car sitting in your garage could be costing you rent money every month. Park the car on the street, convert your garage, and start cashing in. And investors, think of all the possibilities a big, empty lot can bring you. You can construct multiple, separate ADUs or build a multi-story ADU neighborhood. Either way, there is a lot you can do with the space and once it’s all finished, you’ll be sure to quickly find willing tenants to move in and make themselves at home.
And if you think the extra taxes will be too much, then we’re here to put that worry to rest. Adding an ADU to your property will not increase the taxes on your primary residence. Those will determine what kind of ADUs will be allowed on your property. What’s the zoning in your area? Well, that depends on where you live and any limiting factors your property might have. If you aren’t sure about the regulations where you live, don’t worry.
Taxes will only be based on the appraisal of your new ADU, not your existing home. Any monthly income your new unit nets you should have no problem negating the costs of taxes.

Increase Your Property Value

An ADU doesn’t just add to your monthly income, it also increases the property value and the equity you have in your home.

This can really take a load off of your mind if it ever comes time to sell your home.

A property with more space will certainly sell much more quickly than other properties. And a property that comes with rental units? It won’t be on the market long.

And don’t be surprised if you’re inundated with offers soon after you list too.

Having an income property on your lot is a surefire way to sweeten the pot and draw in plenty of interest to your listing, ensuring that you get top dollar for your home.

A Place for Mom and Dad

And if you don’t want to rent out your home, you can always make it available to some friends and family.

This gives you the joint benefits of having someone that you trust maintaining your larger home for you, while also providing you with loved ones close at hand should you need assistance.

No one wants to admit it but, as we age, we will need more help with things that used to come easily to us.

With loved ones staying nearby, you can have the help you need without the inconvenience of the long drive that separated you before.

Additionally, having loved ones living in your larger residence can give you the peace of mind that your beloved home is being cared for in the way you’d want it to be.

Do it for the Community

We’ll just come out and say it.

San Diego is in the midst of a housing crisis and has been for years. With a booming population and limited housing opportunities, tenants are lining up for places to stay.

ADUs are an excellent and efficient way to help combat this need.

Construct an ADU and be part of the solution.

Building an ADU will not only benefit you but, in a community desperate for housing, your new rental unit will be a dream come true for some lucky tenants who will finally get a place of their own.

It’s a win-win situation.

Are You Convinced? Call the Geeks

So, if you’ve got the space and the desire for an income property, a place for Mom and Dad, or just some extra living space for you and your family, then we want to hear from you.

ADU Geeks can take your ADU projects from conception to completion. We’ll handle all the details for you including site prep, design, permitting, and construction.

All that’s left is for you to enjoy your brand-new ADU.

Book a consultation call with us today. It’s free and in only 15 minutes, we’ll be able to determine the ADU potential of your property.

Do you have questions? We love questions.

Write them down and be sure to bring them up during your 15-minute call. We’re looking forward to hearing from you and putting you on the path to the ADU of your dreams.

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

Popular Posts

Attached ADUs vs. Detached ADUs: What’s The Difference?

Popular Posts Should you Add and ADU to Your Property? With the real estate market the way it is these days

How ADUs Help Alleviate The San Diego Housing Crisis

Popular Posts Should you Add and ADU to Your Property? With the real estate market the way it is these days

Renting An ADU: How To Manage Your ADU Tenant Relationship

Popular Posts Should you Add and ADU to Your Property? With the real estate market the way it is these days

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ADU Marketing: How to Promote Your ADU to Renters

Popular Posts Should you Add and ADU to Your Property? With the real estate market the way it is these days

Understanding The ADU Timeline: From Planning to Construction

Popular Posts Should you Add and ADU to Your Property? With the real estate market the way it is these days

Common Challenges in ADU Construction

Popular Posts Should you Add and ADU to Your Property? With the real estate market the way it is these days

ADU Usage Ideas: How To Maximize Your ADU’s Potential

Popular Posts Should you Add and ADU to Your Property? With the real estate market the way it is these days

ADU Conversions: How To Renovate Your Existing Structure

Popular Posts Should you Add and ADU to Your Property? With the real estate market the way it is these days

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