Is an ADU a good investment? Yes, ADUs can be a good investment if built properly. If you are looking for the trusted San Jose ADU builders, then you should contact ADU Construction. Now, let us understand whether an ADU is a good investment or not.
A safe home for elderly people
Elder people need our attention in their old age. So, if you have elder members in your house, a Backyard apartment can be a great addition to your home. If you want to take care of them by keeping a close watch on their health, you can think about building an ADU on your property.
This way your parents can have a separate unit to live in without compromising their privacy.
Additional unit to welcome your guests
ADUs help you get more space whether you build only a living space or a separate house with all the amenities available in it. You can store your valuables and make the most use of this unit.
You can use this extra space for so many purposes. Moreover, this will increase the value of your property. Buyers will get attracted and interested in buying your house by paying the desiring amount.
It provides extra Square Footage and helps increase your home value
ADUs help you get more space whether you build only a living space or a separate house with all the amenities available in it. You can store your valuables and make the most use of this unit.
You can use this extra space for so many purposes. Moreover, this will increase the value of your property. Extra square footage means increased resale value.
You can estimate the increase in your property value based on the current value of your property. If your ADU unit is well-planned and features all the amenities, then it can add 30 % to your property value to it.
Hence, this can significantly increase the value of your existing home and yield you financial benefits. On the other hand, a junior ADU might not add that much value to your existing property.
So, you can ask the experts to estimate which type of ADU can yield you the maximum benefits so that you can include one in your property.
It can be an additional source of income
ADU can bring you additional income for you s you can give this house on rent to others. So, it can be financial support for you and help you pay your loan amounts if you have taken it during building your ADU unit. An ADU unit can also help you pay your other bills if you give it on rent.
It yields tax depreciation benefits
You can have tax benefits with an ADU unit. Several states have a law that allows tax depreciation for people who build ADU on their property. In this way, it can be a good investment also.
Use this place as a home office or a workshop
If you are working from home or running a home-based art business then you will need a lot of space for this. So, you can convert your backyard apartment into an art workshop or a home office to work from home or run your home-based business.
This will also ensure that you concentrate more on your work if you have a separate workspace in your house.
Conclusion:
There are some places where ADUs are not in high demand. If you are staying in such places, then you can use your ADU unit to fulfill other needs such as using your ADU unit for home offices, study units, art workshops, etc.
We recommend you contact a trusted ADU contractor in your location to understand the type of ADU that is in demand among the local buyers.
This will help you build your ADU unit so that it can add value to your property. If you are unaware of the ADU rules of your location, then our professionals will make you understand all the necessary information.
