The definition of ADU
An accessory dwelling unit (ADU), otherwise known as a “mother-in-law” or “granny flat,” is an additional living space located on the same lot as an existing primary home. While accessory dwelling units may be attached or detached, their purpose is to provide their tenants with complete and independent living facilities. The living space must include permanent living, sleeping, eating, cooking, and sanitation. In other words, an ADU is essentially a self-sufficient home that happens to be located on the same plot as a main house.
Lets list the benefits of an Accessory Dwelling Unit in the following:
- An ADU home is perfectly capable of serving as an income producing real estate asset.
- It may increase the occupancy rate of a subject plot of land, allowing more residents to enjoy the same area.
- Higher occupancy rates translate into more affordable living situations for families with multiple incomes.
- The parents of younger families may move into an ADU house in order to be closer to caregivers and loved ones.
- Homeowners who aren’t in need of the vast confines of their original home may be able to move into an ADU house and rent out the primary unit.
- They offer a way for homeowners to optimize the traditional American home.
- As the concept of the ADU home continues to grow in popularity, so too do the forms of financing that facilitate their development and construction.