Benefits & Affordability of ADUs Add to Growing PopularityBy jh_admin In Real Estate
Working from home continues to be the new normal for many people, meaning extra space is often needed in these homes. Combine this need with the ever-increasing cost of housing and rent, and it’s easy to see why Accessory Dwelling Units (ADUs) are rapidly growing in popularity. Not only are ADUs and manufactured housing an affordable housing option, but it is also against the law here in California for a city or homeowner’s association (HOA) to prohibit a homeowner from putting an ADU on their property.
Home buyers, as well as existing homeowners, are discovering that ADUs can be perfect to create a home office, providing multi-generational housing for in-laws or college graduates returning home, or used as an affordable rental option and passive income stream. In California, where land is limited, backyard ADUs provide invaluable flexibility for homeowners.
Governor Gavin Newsom also signed legislation last fall that committed the state to creating more affordable housing, faster and cheaper than in years past. The goal is to boost housing production, remove barriers to the construction of ADUs, and streamline state laws to maximize housing production. Options for financing are also changing, so owning an ADU or manufactured home may be easier than in years past.
Because ADUs add square footage to a property, they can also increase property values, without the time and expense of a complete addition or remodel. The myriad of uses for an ADU also out-weigh a traditional remodel, benefitting homeowners from the beginning.
For homeowners looking for environmentally friendly options for their new space, ADUs are also considered eco-friendly since the units don’t require additional land; they use fewer resources to build and maintain than a site-built structure; they often make use of existing infrastructure, and they use less energy for heating and cooling. Other energy-saving features may be added, depending on the manufacturer.
As ADUs continues to gain popularity and construction barriers continue to ease with cities and HOAs,
HomeQuest encourages you to explore this dynamic and affordable solution for housing and home additions. If you have been considering an ADU or would like to learn more about the options available, please reach out to us here at HomeQuest.