Lets talk about the benefits of owning an ADU and all the tax credits and Grants.
Adding Value to Your Home: Very few people are aware of the added value an ADU can bring to their property. As an example the appraisal can be as high as 1 to 3 times the cost of the ADU and that value is added to the value of the existing home. Another reason is the high rental income in California. In fact, the number one reason people are building ADU’s is to live in the ADU and rent out their main home.
Lot Splits Can Bring Value and Income to Your Property:
Besides rental income and increased property value Senate Bill 9 allows for lot splits where you can now have up to 4 units after the Lot split. We are expert developers and can advise you correctly if this is proper for you and your financial goals. Give us a call and we will be glad to assist you.
There are quite a few ways an ADU can be used as they can be Non-Living Space ADUs such as:
Building an ADU can also increase the resale value of your property. detached ADU can increase your property anywhere from about 20% to 30%. This can be extremely helpful in getting a good chunk of money for your property.
Need more information about ADU financing? Find out how easy it is.