An accessory dwelling unit is a small, independent space that can be lived in on the same lot as the primary home. An accessory dwelling unit (ADU) could be over a garage, attached to the primary home, or even a stand-alone detachment. Here are the top 5 reasons you should look into building an ADU on your property:
Extra Income
One of the most compelling reasons to build an ADU on your property is to earn extra income. Whether you choose to rent it out long-term to tenants or use it for short-term rentals, like Airbnb, homeowners can create a consistent revenue stream that can significantly offset mortgage payments or contribute to household expenses. ADUs can help increase overall household income.
Increased Property Value
ADUs can increase your property value. Properties with ADUs tend to sell for more than similar properties without ADUs, as additional living spaces offer more versatility. Having an ADU will make your home more attractive to a broader range of potential buyers, such as multi-generational families or investors.
Housing Flexibility
ADUs offer exceptional housing flexibility, as their purpose can change over time as your priorities naturally shift. For example, this could start out as a rental space and eventually be transitioned into a home office or guest house. The adaptability of an ADU is a practical solution to problems you may face as your needs change over time.
Aging Close to Loved Ones
As families grow older, it may be important for you to live close to your loved ones. An ADU allows family members to live close by while also maintaining independence. Loved ones can quickly check in on one another without giving up privacy, making it a great choice for multi-generational households.
Privacy
Having an ADU allows for close family living while still allowing for separation. ADUs are valuable for multi-generational families, where both want to maintain privacy and remain nearby. Since an ADU can be detached from the main home, it is easy to maintain privacy, as it can have its own kitchen, bathroom, bedroom, and more, allowing residents to enjoy their lives without intruding on each other’s.
Building an ADU is a strategic decision that will amplify your living space, financial situation, and family dynamics. Interested in learning more, check out this resource.
Reach out to our team at McDonald Contracting to get started on building your own ADU!
Thanks,
Ed