Written by: Julia Aldrich
When people buy a home, they do so keeping the number of rooms in the home in mind. For example, if you have a family or want a family, you’ll probably choose a home based on the number of people who plan to live there. However, while the home might be large enough for your family or situation at the time, you might find yourself in a spot where you need extra space. That’s where ADUs, or accessory dwelling units, come into play. If you’re a homeowner thinking of ways to expand the space in your home, we’ve put together all of the ways an ADU can benefit your home.
What are the Types of ADUs
ADUs can come in all types of shapes and sizes, but some of the more popular ADU options include basements, attics, backyard cottages, and attached spaces. Depending on the layout of your property and the size of your home, some of these types of ADUs might work better than others. Choose something that will work within your budget and that makes sense with your living space.
Adding Property Value
Homes with well-done ADUs are going to increase the value of your home. Use a free home appraisal tool online to get an estimate on just how much value this might add. The additional square footage along with the fact that it is a separate space from the main area will definitely increase its overall appeal. In fact, it could also make your property stand out from others and can be useful for a set niche of buyers––like families with aging parents. When creating your ADU, make sure that it’s done well and that all of the electricity and plumbing are functioning.
More Space For Yourself and Guests
One of the most obvious pros of adding an ADU is the fact that you’ll have more space. Additional rooms in the house or on the property help for storage purposes and for additional areas in the home to relax in. Even if you don’t have someone immediately living in there, it’s always nice to have another room in the house for visitors and guests to hang out in.
A Space for Family and Friends to Live In
If you have aging parents or grandparents who need some assistance, having a built-out ADU is a great way to give them a nice and comfortable spot that’s close to family. Because ADUs are meant to be more private and separate from the house, they can alleviate some of the feelings that might come alongside having family members move into your space. It’s a win-win!
Opportunity to Make Money
Having an ADU attached to your home is guaranteed a good return on investment if you ever decide to rent it out to someone. Some ideas for using your ADU to make a profit include renting it out long-term or using it as an Airbnb. Regardless of what you decide to do, you can surely make the money back that you used to build out the spot in no time.
ADUs are an excellent option for your home for a variety of reasons. Whether you want some extra space for you and your guests, or you’re thinking about renting it out for a profit, start building one out today. Not only will it make your home more comfortable now, but it can also help you sell your home fast down the road.