There is every reason to believe that ADUs can do great in a recession. Rationale players may realize that ADUs are one of the safest places to invest their money in a recession.

The latest sudden and dramatic economic crisis may threaten far greater economic consequences than the housing crash of 2008. If so, these economic impacts are catastrophic and life-changing, which will affect us all.

The Covid-19 has already impacted supply chain, restaurants, stores, venues, gyms, and theaters that may never opening back up and for those who will open back it is unknown how they will do as their business plan just got thrown out the window, whole sectors of the retail economy have just gone extinct overnight. Potentially millions of working people will need to transition to new jobs in non-retail sectors. These economic impacts will be deeply personal and emotionally wrenching for all of us.

This Coronavirus Recession will continue to impact our economy for a long time. Even with a record-breaking stimulus package, some degree of economic collapse is where we are likely headed. When we talk about solutions, we must consider shifting whole sectors of the economy.

Hence ADUS

ADU development is an incredibly self-serving thing to do with your money. With an ADU, you are investing directly into your future self. Once rented, you add substantial extra monthly income. That income will in most cases be greater than the costs of the payment on a construction loan for your ADU. Furthermore, you are adding significant long-term resale value to your property.

The next couple of years is the timeframe to act on the idea of developing an ADU. With the Coronavirus Recession, homeowners should start to consider it a civic duty to putting an ADU (and JADU) on their property.

ADUs offer something new, critical and timely; a chance for us to help our communities save themselves from the approaching economic outfall of the Coronavirus.

ADU development is not something that the state would or should mandate. But if you are a California homeowner, by developing an ADU in Los Angeles you are not only investing in yourself, but also helping the affordable housing crisis and stimulating the economy.

This new time we have entered will generate a bigger demand on ADUs and we are already seeing it, main reasons are:
1. Los Angeles housing costs too much for most people.
2. Demand for housing in Los Angeles is bigger than supply.
3. Small units are in bigger shortage.
4. Most developed urban land is dominated by single family residential zoning.
5. Most People prefer to live in residential areas.

Invest in an ADU, now. If you are a homeowner in Los Angeles area, and have been sitting on the fence about developing an ADU, the next couple of years is the time to do it for your financial security.

Featured Posts

Legalizing Unpermitted Garage Conversion in Los Angeles

Unpermitted garage conversion is very common in Los Angles and the surrounding areas and are on every block. Now that accessory dwelling units (ADU) are legal, cities are cracking down on unpermitted additions, and especially on those illegal garage conversions. When...

The Purpose Of An Accessory Dwelling Unit (ADU)

An accessory dwelling unit (ADU) is a small, habitable building place on a property that has pre-existing, main structures. The purpose of an ADU varies for one to the other. But, as many of the sobriquets - granny flat, mother-in-law-apartments, guest houses, etc. -...

Things You Should Do Before You Start Building An ADU

There are many reasons why people build accessory dwelling units (ADU). Some build them to house members of the family while others build them to earn additional income through rent. Regardless of the reason, the fact remains that an ADU is an excellent investment....

What to Consider When Planning a Home Addition

Consider these factors before planning a home addition. Every year, thousands of homeowners decide to add an addition to their home for increased living space, more functionality, or simply to add a new look to their home. But before you give the home addition the go...

7 FAQs For Your Home Remodeling

7 FAQs your home remodeling contractor should answer before you hire them. When it comes to home remodeling or room additions, there is no magic solution. As homeowners, there is nothing we would appreciate more than having all of our upgrades be automatically done...

What is an ADU: Accessory Dwelling Units Explained

If you’re a homeowner in Los Angeles, you might have heard the term “ADU” or “accessory dwelling unit” lately. An accessory dwelling unit, usually just called an ADU, is a secondary housing unit on a single-family residential lot. When you’re considering on taking on...

Dos and Don’ts of Home Additions

Building the Best in Home Additions As families grow and needs change, a home can start to feel compact and inadequate. While the option of moving home isn’t available for everyone, there are some great home additions that can help improve the existing living space....

Questions to Ask Before Adding On to Your Home

What to consider before beginning a major home renovation. You may have done your research and know exactly what you want out of home renovation. You may have a clear goal, budget, and perhaps clippings of inspiration. Even so, there are some essential questions that...

ADU Office Spaces: What You Need To Know

An increasing number of people are choosing to work from home these days, and while there are many benefits to working from home, there are also some difficult challenges. The biggest challenge of working from home is simply finding a reliable office space in which to...

Garage Conversions: Dos and Don’ts

You can add space to your home by converting your garage into a living space to accommodate your extended family members. Whether you have a one-car garage or a two-car garage, turning it into an ADU is a wise option since it adds space and increases your home's...

The Right Choice

Contact us now and schedule a free consultation.

Reach Us

Schedule your free consultation with us today.

21118 Vanowen St, Canoga Park, California 91303

Leave A Message