Accessory Dwelling Units (ADU)
New California laws that allow homeowners to add an ADU (Accessory Dwelling Unit) also known as a Granny Flat, or backyard Casita to their existing property. These laws allow homeowners to build a smaller, independent residential dwelling unit (ADU) located on the same lot as their single-family home. For developers, investors, and homeowners these laws have opened up a range of investment possibilities and increased the potential to earn supplemental, reoccurring income. California has essentially required all cities to permit ADUs as long as there is enough space on the existing lot to add the structures. The new laws make it easier to obtain permits for ADUs and are favorable to individuals who wish to build them.
Extra Monthly Income
ADUs are a popular way to bring in extra income each month. Whether your ADU is interior, attached or detached, renting the space out is a great way to generate a positive and passive revenue stream.
Affordable housing
The growing popularity of ADUs provides more affordable housing options to renters.
Land conservation
ADUs are incredibly eco-friendly. They conserve land usage by building on spaces already zoned and used for residential housing and can be built to blend in with the current aesthetic.
Construction cost savings
Building an ADU is significantly cheaper than new construction because the land is already developed and access to utility hookups already exists.
Family Benefit
Another popular reason for building an ADU is to house a family member — an adult child or an aging parent