5 Benefits of Investing in an ADU at Home
5 Benefits of Investing in an ADU at Home
Did you know that the average home in America sold for almost $430,000 last year? As housing costs continue to rise across the country, homeowners are looking for ways to boost their property value. It also helps to generate extra income. One way to do this is by investing in a modern Accessory Dwelling Unit or ADU at home. Keep reading for the five benefits of investing in an ADU.
1. Custom Accessory Units Generate Additional Income
One of the most significant benefits of investing in an ADU is the potential to generate additional income. Homeowners can rent out the ADU on a long-term basis. You can even list it on short-term rental platforms like Airbnb.
With the popularity of remote work, many people are looking for affordable living arrangements in desirable locations. An ADU is often a perfect choice for renters who want to live close to the city center, but don't want to pay the high prices of larger homes.
2. Custom ADUs Increase Property Value
An ADU can also increase a property's value in the long run, making it a smart investment.
While it depends on your location and other factors, adding an ADU to a home can boost its value by around 25%.
As if that wasn't great enough, having an ADU on your property can make it more attractive to potential buyers. You can count on this to increase the chances of a faster sale.
3. ADUs Provide Additional Living Space
An ADU can give extra living space to homeowners who need it. This can be especially useful for larger families or homeowners who host guests on a regular basis.
An ADU can double as a guest house, a home office, or even a workout area. Having added living space on your property can make your home feel roomier and more comfortable than ever.
4. Affordable ADU Price
Investing in an ADU is often a more affordable option than buying a brand-new home. Not only is building an ADU usually less costly, but homeowners can also finance the project through a home equity loan.
Don't forget that you can hire a custom home builder and have the ADU on an existing property. That way, you can avoid land acquisition costs.
5. Home Additions Allow for Multi-Generational Accommodations
As family dynamics continue to grow and change, multi-generational living is now more common. A custom home addition is a suitable choice for families who want to keep aging parents or adult children close by. You can also maintain a desired level of privacy.
That way, family members can live independently while still being a major part of your loving household.
Ready to Get an ADU at Home?
Now that you've learned about the benefits of investing in an ADU at home, you can boost your property value. Your guests will appreciate your willingness to accommodate their needs.
Els Home Builders specializes in custom home designs. We can make your dream property a reality.
Don't hesitate to request a free estimate. We look forward to working with you.