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Why Should You Build An ADU In The Bay Area Property During The Current Housing Crisis?

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Millie Ellis
Why Should You Build An ADU In The Bay Area Property During The Current Housing Crisis?

There is a housing crisis slowly developing here in the Bay Area and the state of California in general. However, this crisis is completely contrasting to the subprime theme that impacted the real estate industry in 2008. In those days there was no demand for homes, but today there is a lack of proper living space. This is the difference and there is something, which you can do here. If you have spare cash, one can always get hold of an ADU Specialist contractor in the Bay Area and erect the granny flat. If you have space in the backyard one can erect this additional residential unit within the property. Here are the benefits of having this unit erected in your backyard. 

 

A rental income to derive 

 

It could be a crisis for proper living space being felt and this is precisely the reason why the authorities are offering easy sanctions for the ADU. There is no harm if you can legally exploit this situation. An ADU constructed in your backyard offers the scope to derive rental income opportunities. You need to incorporate some bit of luxury, privacy into the granny flat. There is also a need to offer the tenant direct access to the street. These are things, which you must offer, and this way there will be demand amongst tenants for your ADU space. Hiring an ADU is a better option for a tenant than a full-scale property. 

 

This can be an additional living space for the family

 

Let us focus on the sole purpose as to why the authorities are granting easy sanctions for this unit to be in place. The idea is to create more living space within a property and right at this moment, you might not need it. However, a few years down the line, one may have more family members to accommodate and that is when this unit will serve its purpose. In those days the permits may not be easy to gather and one may make use of this opportunity. Right now, one can look to derive rental income and when you need the space, one can always ask the tenant to leave. 

 

You can allocate this space to elderly parents 

 

This is one more reason why you can construct an ADU within the property. Mom and Dad are growing old and they need more care. It is by having the granny flat you can bring them closer but not invade their privacy. In case there is an emergency, you are nearby to offer a quick response. 

 

The place can be allocated to guests who intend to stay overnight

 

You could always have guests at your home. A friend could stay at your place overnight and at times a caregiver might just be forced to stay. In the case of a caregiver, the stay could be more than one night. Someone in the family may have fallen ill and the person may take some time to recoup. This is just the reason why a caregiver may need to stay for a rather long time. The bed-sharing may not be proper and the person may desire privacy. These things will be smoothly handled if you have an ADU in place. 

 

Conclusion

 

These are some of the benefits of having an ADU in place and the list of positives is a long one. The presence of this unit enhances home value. This is one more reason why you would be eager to have the construction in place. This is the best way you can use the spare cash at your disposal 

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Millie Ellis
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