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

Save Space with These Small Kitchen Remodeling Ideas

Kitchens are often the center of activity in most homes. However, kitchen remodeling may seem like a tricky task if you have a small space, which makes you feel like giving up before you even start. Here are some tips to make kitchen remodeling for your small kitchen...

ADU Development Cost

Most people are amazed at what it costs to build an ADU. We come across articles all the time that get the wrong impression about the actual cost of ADU development. We want to make this clear and in the next few articles starting with this one we will review the...

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...

Money Saving Tips for Your Home Remodel

Save Big on Your Home Remodel Everyone, from Millennials to millionaires, is always looking to save money. While a home remodel is not always cheap, homeowners can get reap a lot of benefits of remodeling their property. Even if money isn’t an issue and there is no...

11 steps for a kitchen remodel in Los Angeles – Contractor Tips

A kitchen is probably the most emblematic area in a home; it gathers family members and friends, hence its functionality, space, and comfort play a pivotal role in the quality of your kitchen. But the truth is that although many of the kitchen appliances are...

How to Refine Your Renovation Vision to Fit Your Budget

When you plan a home remodel that’s in line with your budget, expect to review and revise it. It can sometimes feel like an uphill battle matching your renovation dreams to your budget, and it may feel like you have to pick one or the other. However, there’s a lot you...

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...

Home Additions To Explore

Space is an ongoing challenge in today's real estate market, as many houses have small square footage with outrageous pricing. Getting a home that can fit your family, furniture, and other belongings is difficult unless you are willing to go over budget. Luckily, home...

Complete Home Rebuild Case Study

Studio City Complete Home Rebuild - [Case Study] Complete Home Re-Builds, especially in Los Angeles, are always our favorite projects. Not because we do not enjoy a home addition, or a complete house remodel, but because it gives us the opportunity, with our client,...

Is Investing Into ADU During Pandemic a Right Decision?

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...

The Right Choice

Contact us now and schedule a free consultation.

Reach Us

Schedule your free consultation with us today.

6520 Platt Ave #115, West Hills, CA 91307

Leave A Message