An accessory dwelling unit is an additional housing unit that can be built on your residential lot. It can be attached to your main home or an entirely separate housing unit. Often referred to as an ADU, the additional housing unit is a beneficial investment into your property. The addition can increase the value of your home and property. It can also be a source of income while you remain in your main home. You may be wondering if you can rent out an ADU. Below, you will find helpful information on the benefits of an ADU.
Can You Rent Out an ADU?
ADUs have become increasingly popular over the last few years, especially in California. This is because there are several benefits to having an ADU. It can be used as additional housing for older family members, housing for a nanny, or even additional space for friends who visit you. An ADU can also be rented out and used as a source of income. Certain regulations need to be adhered to, though. However, a skilled and experienced design and build firm can ensure that your ADU meets the necessary standards.
ADU Standards
Several standards are necessary to rent out your ADU in California. Each state has different regulations, so it is important to consult with professionals about them. This can reduce your risk of delays and other issues. Consider the following standards if you plan on building an ADU on your residential lot.
Local Building Codes:
Similar to the main home, ADUs must meet the necessary and applicable building codes and regulations. Several considerations are involved in building codes and regulations, including safety, accessibility, and habitability. Accessory dwelling unit builders are well-informed about the necessary regulations and can be extremely helpful throughout the process.
ADU Parking Requirements:
This requirement varies from jurisdiction to jurisdiction. However, some require that a parking space be provided for the occupants in the ADU. This is necessary to reduce parking on the street in more overcrowded areas.
Local Regulations and Zoning Laws:
Each locality has its own zoning laws and building codes. These can vary greatly so it’s critical to ensure you understand and comply with each of them. Working with a design and build firm can be highly beneficial. They can help you avoid issues and reduce the risk of costly delays.
Owner Occupancy Requirement:
In many cases, the property owner is required to live on the residential lot. They can live in the main home or the ADU. Be sure to check with your locality to determine the occupancy requirements before building an ADU.
ADU Rental Benefits
For families who have extra space on their residential lot, building an ADU comes with several benefits.
Income Source:
Renting out your ADU is a great source of income. Depending on the size, privacy, and amenities offered in the unit, you can make a substantial amount of money. The investment can yield substantial returns if you execute it properly.
Short-Term Space for Family:
An ADU can serve as additional housing for a family. Many people use it for extra help for their in-laws after having a child. You can also use the space for children who are coming back from college after graduation or for the summer. This allows you to have your loved ones close without any disruptions in your main home.
Increased Property Value:
An ADU can increase the value of your entire property. If you plan to sell in the future, consult with a local realtor about the demand for ADUs. Certain areas have a high demand, which is great if you plan to sell your home in the future.
Design and Build Firm
If you are considering building an ADU, consult with the top design and build firm. The team at RnD Builders has substantial experience in the field. They have helped countless homeowners design and build their ADU with ease. Contact their team today for more information!