The interest in Accessory Dwelling Units, or ADUs, is growing rapidly among city officials, homeowners, and real estate investors for various reasons. They occupy a rarified space in our society where, for the most part, everyone finds them beneficial as home prices soar, property taxes increase, and housing shortages escalate. Here are five reasons why ADUs have burst on the scene and why you should consider building one in your backyard.
1. CREATION OF RENTAL INCOME
As detached structures in desirable residential areas, ADUs are very profitable as short, mid, or long-term rentals. This is why in some cities, ADUs are referred to as mortgage helpers. “Our tenants find a huge value in having four walls to themselves and having a yard” - Molly, ATL ADU Client
2. MULTIGENERATIONAL LIVING
ADUs provide a separate but nearby housing option for boomerang kids or aging parents. “I was able to sell my home, pay for the ADU, and have money left over to invest. Now I can provide free childcare for my granddaughter, with my family close by if I need help” - Carry, ATL ADU Client
3. ADD VALUE TO YOUR HOME
By adding square footage and transforming your home into an income producing asset, you will immediately increase its value. Potential buyers see the opportunity to earn income, house their aging parents or guests, and work from home. All very attractive features in today's market.
4. MEET DEMAND
"One and two person households now represent 62% of the country's households. Small housing options in residential neighborhoods are in huge demand to meet the needs of this burgeoning housing demographic." - Kol Peterson, Backdoor Revolution
5. SOLVE A PROBLEM
In Atlanta and countless other cities around the country, demand for housing is outpacing the supply, especially for affordable and workforce housing. ADUs provide much needed housing that is efficient, environmentally conscious, and requires no additional parking or rezoning.
INTERESTED IN BUILDING AN ADU?
The challenges ahead will include navigating complicated zoning and permitting, finding an architect who is familiar with ADUs, finding a contractor who is able/willing to build small, and finding time to become a project manager. ATL ADU is a turnkey solution to all of these challenges. Our service includes everything from surveying, zoning, site planning, permitting, project management and construction, all the way to the certificate of occupancy. For a free consultation, contact us here!