If your home has a large backyard, you may have wondered whether you should add something to enhance the space and increase your property value. Some homeowners install an inground pool, while others choose a lavish outdoor kitchen.
Something you may not have considered is an accessory dwelling unit (ADU), a compact, efficient home that can transform your property. These buildings have multiple functions and can provide additional income for your family.
One question may be on your mind as you learn about backyard ADUs. Does it add value to your home? Learn all about ADUs and the advantages they can bring in this guide.
What Are ADUs?
ADUs are secondary housing units built on the same lot as your primary residence. Sometimes, they are referred to as in-law apartments or secondary suites. These buildings are smaller than traditional homes but offer many of the same amenities, such as:
- Kitchen
- Bathroom
- Living space
- Separate entrance
It can share walls and utilities with the primary residence or be a stand-alone structure. Some homeowners convert the garage, basement, or attic into an accessory dwelling unit.
Benefits of Adding an Accessory Dwelling Unit
Accessory dwelling units are gaining in popularity throughout the United States. This is no surprise because of the multiple benefits these unique additions bring to your home.
Passive Income
Passive income is a great way to keep money flowing into your bank account, and an accessory dwelling unit can provide you with such a cash stream. You can rent the space to tenants who want affordable housing. Additionally, you can use it as a vacation rental if you live in an area that attracts tourists.
More Space for Guests
An accessory dwelling unit is good to have in your backyard when you live in a small home. You can use it to provide housing to guests when they visit. It gives them some privacy, and you won’t have to make space for them in your main residence.
Space for Adult Children Returning Home
There are many reasons adult children may return home to live with you. Whether they need to take care of aging parents or a family member with mental or physical limitations, ADUs give the adult child a space of their own.
Space for a Home Office
More people are working from home today than ever before. Finding a quiet space in a house with multiple people can be challenging. A backyard ADU is the perfect space to set up a home office. You’ll have a dedicated space to focus on your work without distractions.
Increasing Property Value
A newly built ADU adds instant appeal and resale value to your home. Rental units are attractive to buyers because they help offset the cost of their purchase.
How much the value increases depends on how much square footage the ADU adds to your property. It also varies based on how the ADU is categorized, such as a home office or a rental property.
Experienced Accessory Dwelling Unit Builders
Are you convinced that it’s time to add a backyard ADU? If so, you need help from an experienced team of builders. Contact StreamHome Construction LLC today to learn more about our services.
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