What is an accessory dwelling unit (ADU)?
This is a second building/structure on the same grounds as your property or attached to your property.
It may be in form of:
- An apartment built on top of a garage
- Basement apartments
- Detached garages
- A backyard cottage etc.
Despite the form it takes, an ADU is legally considered part of the same property as the main house; meaning the owner of the home is also the owner of the accessory dwelling.
What Are the Benefits?
There’s so much you can gain from adding an ADU to your compound. Below are some of them:
1. Extra rental income
Do you need extra income? Building an ADU can give you that. If you reside in a vacation destination town, you can use your ADU as an Airbnb at premium rates.
The rental rates can help you cover some monthly mortgage. So, if this idea makes sense to you, always check with the city rental restrictions for this kind of short-term rental program.
2. Guest accommodations
When you have some family members or guests over for an extended period of time. An accessory dwelling can act as private guest homes. With all the utilities a home needs, an ADU offers privacy and privilege to your guests.
3. Increases property value
Most homeowners would consider an ADU so as to improve the home’s value. Constructing an ADU is potentially a great investment especially if you’re looking to sell your home in the future.
4. Offers a separate working space
If you have a home business, detached housing enables you to work from a separate space as well as hold client meetings hence creating a more professional setting compared to an in-home office.
Having an art studio, office or workshop within the premises of your property is also a great opportunity to avoid paying rent in commercial set-ups.
Before considering the project, you first need to determine if your lot can support an ADU. Check with the local building codes and find an experienced contractor.