What are the Benefits of Building an ADU?
ADUs have gotten very popular within these last few years, but are there any benefits to building one? The simple answer is YES! There are many great reasons you should build an ADU.
There have been multiple studies that have concluded that ADUs generally contributed about 25% to 34% of each property's assessed value. Additionally, an ADU demonstrated an average of 51% increase in resale value.
ADUs provide a potential income opportunity for current homeowners while providing an affordable place to live. Within the last few years, California have seen a major uptick in ADUs. There are multiple reasons why, but the biggest reason is family. Many reasons why are that these days, families are discovering that it is not sustainable for an elderly, disabled, or low-income family member to live independently. In all of those cases, ADUs provide a realistic option for families that want to provide support without being overbearing or in close or dependent. Additionally, it is a great way to start earning another stream of income. You’ll want to check out similar listing within your area to see what the general range of how much rent you can charge.