If you and your family are interested in expanding your living space or generating some extra income, building an Accessory Dwelling Unit (ADU) on your property could be the solution you've been searching for! ADUs, also known as granny flats, mother-in-law units, or backyard cottages, are secondary housing units or buildings that can be built on an existing residential lot or property space. Over the years, and especially in recent times, ADUs have become a popular housing and building option for many people and families due to their many practical benefits. At Emerald City Construction, we’re here to help with top-quality ADU construction services, so keep reading as we explore the advantages of building an ADU on your property.
The Benefits of Building an ADU on Your Property
The Benefits of Building an ADU on Your Property
Increased Property Value
One of the most sought-after benefits that homeowners and property owners seek when adding an ADU to their property is the potential increase in the value of the space. With an additional living space, the functionality of the unit can make your property more attractive to potential buyers, especially in areas where housing is in high demand. Because of the additional space, functionality, and the quality of our ADU construction, homeowners can expect a notable increase in their property's value with the addition of an ADU. Not only will you have a new, comfortable space added to your property, but your investment could also prove to be a smart financial decision in the long run.
Extra Income
Aside from adding value to your property, an ADU can also provide an extra source of income. Many homeowners choose to rent out their ADU to long-term tenants or use it as a short-term rental through platforms like Airbnb. This can be a great way to supplement your income and cover the costs of building the unit, as well, so your investment pays for itself.. In some areas, ADUs are even allowed under a short-term rental ordinance, allowing homeowners to make even more significant profits. Before you choose to rent out your ADU to those outside of your family, it's important to check with your municipality's zoning and rental regulations to ensure that you’re not breaking any laws or violating any ordinances in your area.
Multi-Generational Living
For families with aging parents or adult children, building an ADU on the property provides an excellent option for multi-generational property sharing. The separate unit allows for the right balance of independence and support for both parties. Aging parents can have smaller, more manageable, and more accessible spaces while staying close to their loved ones for support, monitoring, and safety. This housing option can also save money in the long run, as aging adults and elders can avoid the high cost of senior living communities and also be able to age in place.
Flexible Use of Space
Having an ADU on your property can provide a lot of flexibility in terms of function for your space. Some homeowners choose to use an ADU as a home office, studio, creative space, or guesthouse, increasing the overall function and livability of their property. The additional space can also serve as a buffer for noise or provide privacy for guests or family members.
Building an ADU on your property can bring various practical and financial benefits, whether you’d like to increase your property value, generate extra income, or create a space for multi-generational living, an ADU can be the perfect solution for your needs! At Emerald City Construction, our team is here to help you build the property and home of your dreams, so contact our team today to learn more about our ADU construction services and to get started with our team!