Often known as granny flats, in-law apartments or cottages, these small units have a variety of uses for housing, work and play.
An ADU is a small unit either attached to a main home or a freestanding unit on the main home's property. Sometimes they are converted garage or attic space. They are generally 600 to 1,000 square feet and have one or two bedrooms, a kitchen and a living room. Common occupants are college students, grown children, extended family, senior citizens and onsite caregivers.
There are many financial benefits of accessory dwelling units.
Rental Income- This can be an option to help pay the mortgage on the main home or a way to get some extra cash.
Reduced Expenses- An ADU is considered part of the main home; it cannot be bought or sold like a condo. There is no cost for the land, major infrastructure or structured parking.
Increased Property Value- The ADU's kitchen, bathroom and bedrooms are viewed as additions to the primary home. In some cases the value can rise by 35%.
Other Benefits- Many workers are still working a hybrid schedule. An ADU can be a private, quiet place to work from home. It could also be a small, comfortable space to work out or pursue a hobby away from the main house.
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