Accessory Dwelling Units (ADUs) are becoming more common in a lot of areas and we’re ready to help if you are interested in purchasing a home with one. ADUs can provide independent housing within a property’s existing footprint, often requiring minimal construction and no additional land. They can be a part of the main home, such as a converted basement or above-garage unit, or a detached structure on the main home’s lot.
ADUs present a great financial opportunity for homeowners: an investment that enhances the value of your property. Whether used for renting long term to tenants or as short-term stays through options like Airbnb, ADUs are additional revenue streams. Furthermore, you can apply the rent earned toward your mortgage payments, it can assist with home upkeep to help sustain homeownership, or to pay down your other debt.
They are also a great option for multigenerational households as they allow an independent living space for relatives which is becoming more and more popular as the population ages.
To ease the housing shortage, many governments are loosening regulations and offering financial incentives to promote the development of ADUs. Prefab and modular building are innovations that are increasing the affordability and efficiency of ADU construction, which will make them even more common.