When people are making an investment in an Accessory Dwelling Unit (ADU or granny flat), they are receiving the opportunity to generate rental income, a comfortable place for aging relatives, or even utilize the space for personal use. A two-bedroom ADU can be more than a money-maker. Two more rooms mean more income potential, more space to live, or more room for your loved ones.
Lets see what are the benefits of Accessor Dwelling Units:
Like all legal granny flats, the ADU also can be rented out. The only difference is more space means more income. For example, renting out the ADU can also provide long-term financial security during retirement. Right now, there is a booming rental market and an ADU is a great living option for students, young professionals, or anyone else looking for a long-term rental who works in your area.
ADUs can keep your loved ones close. The ADUs are the perfect space to house friends and family. Families are also foregoing nursing homes and live-in arrangements for ADUs for their aging parents and grandparents. It makes a comfortable option much more affordable and realistic.
For many people, work has changed dramatically due to the pandemic. ADU will become the quiet space for work, for taking video conference calls and etc.. And the workcpace will only be a few steps away.
An ADU is one of the safest investments you can make – besides rental income, an ADU increases your property value as well.
ADUs are created to maximize space, generate rental income, and increase property value.