Accessory dwelling units (ADUs) are increasingly becoming popular among homeowners and real estate investors like office pod, as they offer plenty of unique benefits that other types of home improvement projects simply can’t offer. If you’re interested in building prefab accessory dwelling units, you might be wondering what the advantages are, which is where this list comes in handy! Keep reading to learn more about five of the biggest advantages of accessory dwelling units!
1) An ADU is Legal
In many cases, building an ADU is perfectly legal. You might need to obtain a permit from your city, but as long as you follow the guidelines, you should be able to build one without any issue.
An ADU Can Increase the Value of Your Home: If you’re thinking about selling your home in the future, an ADU can increase its value. Because they are becoming more and more popular, potential buyers will be willing to pay more for a home that already has an ADU built on it.
An ADU Can Be Used as Rental Income: Another great reason to build an ADU is for the rental income it can provide.
2) They provide affordable housing options
In today’s economy, many people are struggling to find affordable housing. Accessory dwelling units can provide a more affordable option for people looking for a place to live. They can also be a great way to generate income if you rent them out.
They offer the potential for lower maintenance costs: When you build an accessory dwelling unit on your property, it is easier to stay on top of maintenance and repairs because they’re in the same location as your main home. They help with population density: As our population grows and becomes denser, these units are necessary to meet this demand.
3) They help increase the housing stock
One of the big advantages of building an accessory dwelling unit is that it helps to increase the housing stock. This is especially important in tight housing markets where there is a lot of demand for housing and not enough supply.
By adding an extra unit to your property, you can help to alleviate the housing shortage and provide a much-needed home for someone. They are cheaper than many other forms of new construction:
They are cheaper than many other forms of new construction, and when done correctly, they should have minimal impact on your existing property. They help you save money: Some people worry about spending money on an accessory dwelling unit because they think it will be expensive.
But most ADUs cost far less than most types of new construction because all the costs are being incurred by one household instead of two households. They allow us to live more sustainably: Many communities struggle with climate change impacts such as flooding and wildfires because they have become too dense or there isn’t enough space to grow food locally anymore.
4) ADUs are a good alternative to garage apartments
- They can be less expensive to build than garage apartments, since you may already have the necessary materials and infrastructure on your property.
- They can provide additional income since you can rent them out to tenants.
- They can be a good way to accommodate aging family members or adult children who want to live independently but close by.
- They can be used as short-term rental units, providing you with flexibility in how you use your property.
5) There’s not a lot of competition
When you build an accessory dwelling unit, you’re not competing with as many other units on the market. This is because most people don’t know about them or think to build them. This gives you a unique opportunity to enter the market and stand out from the competition.
For example, you could get more rent for your ADU than a typical apartment in the area because of its lower supply. And because ADUs are typically smaller and cheaper to construct than traditional homes, they may be perfect for those just starting in real estate investment.
Conclusion
If you have room on your property, you may want to consider building an accessory dwelling unit (ADU) or granny flat on your property. An ADU, sometimes called a granny flat or garden apartment, can provide extra income and space without sacrificing land or the views you love about your home.