When it comes to the humble Accessory Dwelling Unit Los Angeles is really rediscovering its love for these simple and very functional abodes. To those of you who are unaware, an accessory dwelling unit is an idea which has been used for many years now, but around the 1990s many stopped building these properties. An ADU is very simple in that it is a second property which is built on the same patch of land, and the reasons why it has come back into fashion is for both style and function reasons.
If you have space on your land and the means to do so, here are just some of the benefits of building an ADU.
Low Investment, Big Yield
Despite what many may believe the cost of an ADU is nothing like what they would imagine, the reality is that for between $75-$90,000 of investment, you could construct a great looking property on the land. The reason why this is a smart investment is that you can find big yield form it with regards to rent and with regards to appreciation. The reason why somewhere like Los Angeles has seen a boom in the construction of these properties is because we are seeing people living in areas where they may not have previously been able to afford, thanks to the rental of an ADU.
Great Use of Space
Even if you do not plan to rent out the ADU, but instead look to use it for family members or guests, it is a fantastic use of space. What we are seeing with some of these modern designs is that they are able to really pack a punch with the sleek design of an ADU and the way that designers are able to play with the space is simply astonishing. If you look at the land around your property, ask yourself what else you could do with it.
This is a building which will offer you an enormous range of flexibility through the years. For example it may be that right now you decide to rent out the space, but in the coming years it could be used for your teenage child to gain some level of independence. Further down the line it may be a space where you house an elderly family member in their later years. The point is that this is a one-time construction which brings with it a multitude of ideas and possibilities.
Ultimately this is a great investment to consider and it is one that will certainly appreciate in the coming years. The building will appreciate on its own and it will also make the sale of your property more attractive when that time comes. This is a smart way to invest your cash and the benefits of having an additional dwelling on your property are incredible.
Why not take a look at some designs and see for yourself just how great this could be.