How can an ADU be beneficial for the future?
These compact areas, known as Accessory Dwelling Units (ADUs), are incredibly practical, cozy, and convenient if you need more space but don't want to move entirely to a new location. Here are a few good reasons to add an ADU to your home if you've been considering doing so:
Building an ADU can increase your home’s value. Potential buyers will see your ADU as an asset; they might choose to utilize it as an extra living space, a home office, or a guest house for friends and family. Over and above the cost of construction, adding an ADU to a property can increase its value by thousands of dollars. Prior to the pandemic, multigenerational households, businesses, and side jobs were all on the rise. It will quickly pay for itself and continue to generate cash for decades. Whether you are leasing an ADU for a long or short period of time, it can be a very rewarding investment.
Although still reasonably independent, your parents may require a little help as they become older. They also don't need the hassle of maintaining a sizable plot of land. By constructing an ADU for your elderly family members, you can keep them closer to home and be more involved in their daily activities while also long-term saving money.
Raising the value of a home is one of the really common reasons for homeowners to build an ADU. When compared to the value added to the entire property, the cost of building the ADU may be small. It can make sense to build an ADU on your property if you're trying to sell your home and are not getting any competitive offers.
Even if you decide not to rent it out and instead use the additional room for yourself and your family, ADUs are still quite advantageous. It may be easier for you to stay focused if you set up a workshop or office that is separate from your primary residence.
Questions and Answers:
Q: What downsides does an ADU have?
A: Loss of Storage: Whether it's a new bespoke ADU or a garage conversion, if you decide to create an ADU, you may lose space for a car and/or other items.
Q: Why are ADU’s important?
A: Homeowners have the option to share independent living spaces with relatives and can be looked at as an asset.
Q: Is an ADU worth the investment?
A: ADUs are a great option for accommodation for you and your family, long-term investment, and potential passive income!
A full-service design/build, engineering, and construction firm, SKS Construction was established in Los Angeles, California, in 1987. SKS Construction is recognized as a leader in engineering and construction of New Construction, Seismic Retrofitting and Balcony Repairs. The SKS team is composed of in-house designers, licensed contractors, and experienced engineers around the clock to attend to your every engineering and construction needs.