ADUs are smaller residential units that can be annexed to the main property. They go under different names such as granny flats, secondary suites, or accessory apartments. ADU constructions have been booming lately in the country, but especially in the California area where the number of units built tripled between 2018 to 2019. But why are so many people building them? Let’s take a look at some of the benefits of building an accessory dwelling unit.
Increase Property Value
One of the biggest advantages of ADU housing Los Angeles is that it will instantly increase the value of your property. One study found that building a 1000 sq ft detached ADU could help increase your home’s value by as much as $407,000. Few buyers will turn down a property because it has an ADU either, so it could allow you to sell your property much faster as well.
One of the most beautiful things about an ADU is that you may not even have to pay for it yourself. With the cost of rent way above the $1800 mark for a median one-bedroom apartment in places like Los Angeles, an ADU allows you to take advantage of the shortage of affordable small units.
More Living Space
Not everyone wants to use their ADUs as a cash cow, however. An ADU could allow you to maximize your lot and have more space for other functions. This could be a great spot for a dedicated office, for instance. Some like the idea of giving guests their own living space. This could also be a great option for parents who would love to see their children leave the nest, but still want to keep an eye on them.
An ADU would make multi-generational senior living much easier as well. A lot of seniors are hesitant about the idea because they want their autonomy and don’t want to feel like they’re disturbing the house’s dynamic. An ADU would provide them with privacy and freedom while still being close to the family.
These are all reasons why ADUs are such a great idea. We suggest that you look into them more in detail and see what kind of investment they would require.