If you’re a real estate investor, you know there are always new and exciting opportunities to explore. One of the most popular options has been accessory dwelling units (ADUs). ADUs are small structures attached to or separate from a primary residence. They can be used for various purposes, including rental property, new construction, or office space. Here are five reasons to consider investing in an ADU for your property!
For more information on how to start investing in ADUs, Dr. Pedram Zohrevand, a distinguished member of the American Society of Civil Engineers with extensive knowledge and expertise on the subject of ADUs, created a video series outlining the basics.
1. Increased property value
ADUs are a great way to add value to your property. They can increase the overall square footage, make the property more livable, and provide rental income.
A property’s value increases with ADUs, so they are worth considering. Not only do they offer more living space for homeowners, but they also tend to appreciate in value more than traditional homes. This is because ADUs offer a unique opportunity for homeowners to increase their rental income, which can considerably benefit selling.
2. Increased rental income
ADUs can be a great way to generate additional income from your property. By renting out the space, you can offset some of the costs of owning the property and make a nice profit.
There are many reasons why ADUs are worth investing in, but one of the most important is that they can help increase rental income. By creating an additional living space on your property, you can accommodate more tenants and charge higher rents. This can be a great way to boost your profits and make your investment even more lucrative.
3. Variety of uses
ADUs are worth investing in because of their variety of uses. They can provide extra living space for a family, a place for a renter to live, or even a studio for an artist. Additionally, they can be used as office space or a workshop.
Additional uses for an ADU can include a place for a home business. An ADU can also be used as a place to stay when visiting relatives or friends. They are a great way to increase the living space in a home without going through the hassle and expense of adding on to the house.
4. Increased zoning options
ADUs are a great way to take advantage of increased zoning options. Many cities now allow more than one ADU per property, opening up new investment opportunities.
The increased zoning options for ADUs are worth taking advantage of. By building more than one property, investors can open up new doors for themselves. This can lead to even more rental income and an overall higher return on investment.
5. Ease of construction
ADUs are typically much more accessible to construct than traditional homes. This can save you time and money during the construction process.
The ease of construction is definitely one of the most appealing aspects of ADUs. By being able to build them quickly and easily, investors can save a lot of money on the construction process. This can lead to even more profits down the road.
Final Thoughts
ADUs are a great way to add value to your property and generate additional income. They are easy to construct, offer a variety of uses, and can be a great way to take advantage of increased zoning options. With so many benefits, it’s no wonder why they are becoming increasingly popular. If you’re considering investing in an ADU, consider all of the advantages they offer!
Be sure to do your research and consult with an expert before getting started. Dr. Pedram Zohrevand’s video series is an excellent resource for learning more about ADUs. With the correct planning and execution, an ADU can be a wise investment that pays off in the long run.
Barry Lachey is a Professional Editor at Zobuz. Previously He has also worked for Moxly Sports and Network Resources “Joe Joe.” He is a graduate of the Kings College at the University of Thames Valley London. You can reach Barry via email or by phone.
