Ever thought about turning your garage into a moneymaker?
An accessory dwelling unit (ADU) can convert your garage or outbuilding into a steady rental income—if you follow the rules. If your zoning allows you can transform your garage or add another floor to an existing garage.
According to a national study released by Freddie Mac in 2020, ADU’s are growing in popularity. They found that the demand for ADUs is highest in regions of the country, like California, which are experiencing rapid growth.
While they are easy to build, they must comply with all local zoning requirements and permits must be obtained, and your insurance needs may change. Despite the costs, ADU’s can increase the resale value of the home.
So check your zoning carefully, hire a professional contractor with ADU experience and prepare for being a landlord. The Casita Coalition, here in California, provides information on permitting, floor plans, construction, financing and more. https://www.casitacoalition.org/