Real estate has always been the best way to generate passive income. Most people invest in the real estate business. However, buying real estate, because the risk is almost non-existent. Of course, it is not an easy process. It involves multiple parties, it takes a long time and you need a lot of money for something like that. Fortunately, there are great alternatives like ADU. And you get a lot more than that. This living space allows you to bring your loved ones to live with you or to visit you.
You can also create a personal space that you will use for different purposes. However, the interest in ADU is huge, especially when it comes to California residents. However, most people are not sufficiently informed about this process. Keep reading if you want to know more about ADP.
ADU in California
Another name for ADU is a secondary house or apartment. It usually consists of a kitchen, living room and a special toilet. The source of water and energy is the primary house. This space divides the building land of the primary home. You can buy it or sell it separately, but it is mostly used for rent. So, ADU is a good choice if you need extra income. In addition, it can serve as accommodation for other family members. For example, people who have older parents and cannot see them often choose ADU and for more information, you can visit adulosangeles.com/. It is an opportunity to live very close to your parents even though everyone will have their own home.
In this way, you will avoid moving your parents to a nursing home, which is a very painful experience for everyone. However, the new living space is located on the same plot as your primary home. Depending on where you live, using ADU involves different rules and regulations. When it comes to California, there are more and more renters every year. This housing unit has several variations. For example, you can opt for a separate variant or a unit that is separate from the primary structure. You can also choose a unit that is attached to the primary structure or turn the existing space into an independent living unit.
The size of the housing unit
Size limit depends on jurisdiction. Read the list of jurisdictions and find yours if you are not sure which one you belong to. When it comes to the minimum size for ADUs, 150 square feet is allowed. It is a limit that should be respected by all California residents and it is based on the Health and Safety Code. However, this rule has an exception just like most rules. If you apply for discretion, you can move this limit.
Advantages of ADU
ADU is generally much cheaper to build while offering many other benefits that affect environmental quality and affordability. One of the most obvious advantages is that it does not require payment for new land, dedicated parking or any other infrastructure that involves high construction costs. Since the construction is located inside the family home, the costs are very low. It is a high level of flexibility that you can unlock if you opt for ADU. Whether you are renting or owning a home, we are sure that this space will be very useful for you.
It’s not just an opportunity for extended families to stay together while maintaining privacy. You can use the space for many other purposes. For example, you can save on shipping costs. If you are going a long way to the company where you work, simply opt for ADU. In that case, you will work from home and no one will disturb you while you are doing your work, because your office will be isolated from the rest of the home. Insufficiently used premises are a big problem that most owners face. To refresh the look of the room and do something useful, you can turn this part into an ADU. You can use it for guests, family members or renters who will pay your rent.
Who benefits from ADU?
If you want to invest your money in the right thing, and you do not want to take risks with a certain business, then try ADU. It is an opportunity to earn passive income, and when you change your mind, simply rearrange this space into something else or use it for your own activity. This is just one of the reasons why homeowners choose ADU. Today, it is not difficult to find new and creative ways to earn passive income, and ADU is definitely one of the more popular ways. The fact that there have been fewer and fewer houses built in California in the last few years also contributes to this. Even if you stop using this source of income, you will permanently increase the value of your property. Most new homeowners will pay more for the property, because they get many benefits with the ADU option. These are flexibility, privacy and lower monthly costs. Think of this as an opportunity to host family or guests living outside the city.
If you like spending time with them, and you rarely see an additional housing unit, you will spend a lot more time together. Your loved ones will be close to you and you will be involved in their daily lives. Research shows that a large percentage of young people live with their parents after college. It is not easy for adult children to find a new place to live, because most of them cannot afford something like that. With ADU, you can help your children, because you will provide them with conditions for independent living until their financial situation changes. Physically active people often lack space to exercise at home. Whether it is meditation, bodybuilding or some other recreation, ADU is the ideal solution. Thanks to privacy, you will feel as if you are on a deserted island alone with your thoughts. These are great conditions for exercise, hobbies or some other activity.
So if you live in a popular part of town you can get a lot of money from ADU renters. However, if you do not want a stranger to live near you, you can always make extra personal space for little money. All you need to do is abide by all the rules required by California law.