Accessory dwelling units remain in high demand as homeowners look to increase their living space. The number of permits granted has more than tripled in the last few years. The units can help improve the quality of life by providing extra usable square footage. The fact that ADUs continue to grow in popularity shows that people are enjoying their benefits. 

Increasing Property Value

Building an ADU can increase the value of your property. It is a good investment if you are planning to sell in the future. Increasing the potential resale value means that the money spent constructing the unit is an investment. 

Research suggests that if you spend between $250,000 to $300,000, you can increase the resale value of your property by almost $600,000. Getting the permits and constructing the unit can take 12 to 14 months, making it a great ROI. 

Generating Rental Income 

An ADU can generate rental income from your property, providing short- and long-term benefits. You can use the structure to generate money to offset your construction expenses or pay your mortgage.

Depending on your location, you can also use the unit to generate income from people on vacation. Using a service such as Airbnb, you can rent the unit for weekends at a premium. Note, however, that some cities do not allow this form of rental arrangement.    

Private Guest Accommodations

If you have guests visiting from out of town, having separate accommodations can be convenient. An ADU with a private entrance, separate living space, kitchen, and other amenities will provide desired privacy. 

The unit will ensure minimal disruption to your normal routine. You can house elderly parents or grandparents, allowing you to spend time with them while maintaining privacy. It can be a more convenient option than placing them in a nursing home.

Dedicated Home Office

A home office can be convenient and practical in a world where remote working is increasingly popular. Turning the ADU into a dedicated office will reduce distractions, allowing you to focus. Having a separate space for work can help increase your productivity. 

You can create a boundary between your personal and work life, resulting in a more balanced and healthier mental state. You can work on your projects uninterrupted without leaving home. 

Housing for Adult Children

Studies show that more adult children are living at home, which can make living arrangements crowded. At a time when rents are extremely high, you can provide affordable housing for your adult children. 

Whether they are in college or just starting out, your children can have a space to enjoy their independence. An ADU provides a great way for them to save money while transitioning into the next stage of their lives.   

Building an ADU can give you more space on your property. Whether or not you rent the unit, you can use the space to suit your family’s needs. If you require health care support, having an ADU to house the support staff can allow you to age in your home. You can access the help you need while still maintaining your privacy. 

For more long-term benefits of building an ADU, visit Amazing Homes at our office in Burbank, California. Call (888) 409-0091 to book an appointment today.