Accessory dwelling units (ADUs) have become wildly popular throughout the United States in recent years, and these types of units have become a part of countless properties throughout several decades.
We all know how inflation and other economic factors have made home improvement investments less feasible for a lot of families, so sometimes it’s difficult to answer the hard question: Is an ADU a good investment?
We’ve partnered up with Casita Floor Plans by The Dryve Design Group to develop this article oriented around answering this fundamental question. So if you’re thinking about investing in an ADU on your residential property, keep the below sections in mind to better understand how this type of home improvement opportunity can truly benefit your livelihood!
First You Need To Know About The Different Types of ADUs
ADUs are always 100% unique, because every property has a unique lot layout and dimensional needs. The good news is that you can invest in an ADU that’s specifically tailored to you, and the following are a few examples of the common types of ADUs:
- A converted basement
- Converted garage
- Adding space to your primary residence
- Building a new structure (which is often prefabricated)
So How Exactly Is An ADU A Good Home Improvement Investment?
Each type of ADU provides unique benefits and overall investment potential, but every ADU does the same thing by adding to property values and providing additional dwelling spaces. ADUs are also great for tax purposes, particularly when you decide to sell your home.
But it has been proven that ADUS significantly add to property values, and this is partly because they make a home much more desirable for potential buyers. A lot of people these days also utilize their ADUs as an income-producing unit, which typically means renting short or long-term to tenants.
So it’s always a win-win situation when you invest in an ADU at your property!
Important ADU Investment Factors To Keep In Mind
There are always many different factors that ADU investors need to keep in mind, including the following:
- Local zoning laws and regulations
- Construction costs
- Potential financing options
- Potential rental income
- Overall quality of ADU construction
- Repair and maintenance costs
- Insurance coverage
- The ADU’s long-term value and ROI
Each of these investment factors need to be carefully analyzed by homeowners, and the good news is that ADU construction companies typically help you with this type of data and preparation work so you don’t need to worry so much about these finer details!
Common Benefits Of Investing In An ADU
As is easy to imagine, there are plenty of awesome benefits associated with ADU investments. One of the main reasons why ADUs are becoming so popular in recent years is because more people are becoming aware of the many benefits they provide.
Here are some of the common ADU investment benefits you should know about:
- Additional source of income
- Flexible living options for guests, aging parents and adult children
- Increasing your property value
- Improving your household’s quality of life
- Creating a cutting-edge home office
- Eco-friendly construction processes
- And A LOT more!
Reach Out To The ADU Design Experts At The Dryve Design Group To Learn More About Investing In ADUs at Your Property!
There are many reasons why you may be considering home improvement investments like an ADU at your home, and it’s absolutely true that these investments can greatly benefit you and your entire livelihood.
The best thing you can do to capitalize on these investments is to partner up with a reputable ADU construction business, because industry experts can let you know how to cut costs and create a custom ADU that’ll work to meet your unique needs.
You can learn more ADU investment tips by going through the link at the top of this page to the Dryve Design Group’s website!