Is It Really Worth It to Build An ADU?

The idea of building an accessory dwelling unit (ADU) is becoming popular in many cities across the U.S., and for good reason: ADUs can provide a place to live for family members, help you pay off your mortgage faster and give you more options if you decide to rent out your home or sell it someday. But before you start drawing up plans and talking with contractors, make sure this housing option is right for you. Read on to find out if it is really worth it to build an accessory dwelling unit.

An ADU Adds Value To Your Property

ADUs are a great investment for many reasons. A home accessory dwelling unit adds more value to your property than you might initially think, and it can be a good alternative to selling or renting out your extra space. If you’re trying to decide whether an accessory dwelling unit is worth doing, here’s how they add value:

• It’s simple math that having another housing space on the land will increase its overall price. In some cases, there have been studies done showing that accessory dwellings actually increase property values by as much as 40%. So if you were going to sell in two years’ time, this would translate into hundreds of thousands of dollars! That’s definitely worth building one over.
• Accessory Dwelling Units can be an alternative income stream. Some homeowners choose to rent their accessory dwelling units because they don’t want to move but still need an additional income stream for retirement or other reasons. This type of rental situation is perfect in terms of both providing extra cash flow while renting out a separate space in the meantime.

ADUs Can Serve As A Guest Room

An accessory dwelling unit can be an accessory bedroom or a guest house on the property of your primary residence.

For accessory dwelling units, you could potentially create a separate apartment for guests to stay in. It may not have all of the amenities that your primary residence has, but it can certainly offer a safe and comfortable place for visitors to lay their heads at night.

You Can Rent Out An ADU And Have Extra Income

If you don’t plan on living in this secondary residence yourself or if you want an extra income from renting out the unit through vacation sites like AirBnB, accessory dwelling units are an option worth considering! If you decide to build an ADU and rent it out as short-term accommodation or through Airbnb, the added income could help offset your mortgage payments.

Accessory dwelling units could provide additional rental revenue as well as help offset costs for homeowners with high property taxes or those who need another source of income since home prices vary by region.

Provides Low-Cost Housing For Family Members

They can provide low-cost housing for family members or rental income, but they have to meet local zoning requirements.

It can be an independent living facility that can be attached to the main house or built as a stand-alone structure next to it. This type of housing has gained widespread popularity in recent years, especially in expensive areas like California with high real estate prices and limited availability of affordable housing options.

It Can Be Used As An Office Or Craft Room

In addition to the benefits listed above, some people use accessory dwelling units as a place for home-based businesses. This can be advantageous because it does not require them to rent office space from outside parties and allows them more time with their families.

Accessory Dwelling Units Are Good For Aging Relatives

As people age and their children begin to leave home, they may wish that someone was still there just in case of an emergency. This has led many homeowners to build accessory dwelling units (ADUs) for aging relatives or for a future rental income source if necessary. Budgeting becomes much less stressful when compared with paying rent somewhere else while your house provides housing expenses too under one roof!