Homeowners turn to a general contractor to help them build an accessory dwelling unit (ADU).
More and more homeowners are seeing the value of adding guesthouses, often called accessory dwelling units (ADUs), practically in California where the property is often expensive. Guesthouses serve many purposes and can fit around financial challenges and land shortages. Why would so many homeowners turn to ADUs? We take a look at why homeowners build these guesthouses on their property.
#1: Generate positive cash flow.
If there is some time when you won’t be using the ADU, you can always use it to generate passive income. You can open it to short-term renters or even live in the ADU yourself and rent out the main house, depending on your needs.
#2: Provides shelter for family.
Young and old, a guesthouse can suit many people. If your children are old enough to leave the nest but not ready to buy their own home, the guesthouse can provide them with temporary housing. If your in-laws are visiting the area, they can stay in the ADU instead of a hotel. It also works particularly well for elderly parents who don’t want the responsibility of owning their own home but want to avoid the high prices of senior retirement communities.
#3: Increase the property’s resale value.
The added income than an ADU can produce increases the assessed value of a home by an average of 25 percent. That additional income will also be a factor in pricing your home if you choose to sell it in the future.
#4: Temporary living quarters while your home is being remodeled.
Due to high California real estate prices, many homeowners are choosing to remodel their current house instead of moving. Living in ADUs while the main house is being remodeled is ideal to maintain their daily lives while making major improvements to their property. This saves money as homeowners don’t need to find temporary housing while the main house is uninhabitable.
#5: Build a home office or art studio.
If your job allows you to work from home, you may want to consider using the ADU as a home office. This space would be uniquely yours, meaning that you won’t have the distractions that would likely plague you if you work around family members in the main house. This space could also be turned into an art studio, gym, man cave…you name it!
Skip the search of finding the right construction crew for your home addition – contact Levi Construction today. We serve Los Angeles, Santa Monica, Calabasas, and neighbouring cities with reliable, professional construction services. Visit us today to learn more.