Colorado Springs ADU Ordinances
The 3 new Colorado Springs ADU ordinances make building an Accessory Dwelling Unit (ADU) possible for many homeowners. These Colorado Springs ADU ordinances went into effect on July 3rd, 2020. The greatest impact of these zoning changes will be permitting single-family-zoned homes (“R-1” zoning) to have attached ADUs. So, owners of these properties have the opportunity to build an ADU and rent out the space to generate extra income. Alternatively, ADUs can be used as guest suites for friends or family.
Colorado Springs ADUs as Affordable Housing Solutions
Since the new Colorado Springs ADU ordinances have passed, many homeowners are looking to build now. It is no secret that the cost of owning and renting in Colorado Springs is on the rise. Building an ADU is a great way to offset rising housing costs, while also increasing the supply of rental units. So, both homeowners and renters can benefit from the zoning changes. One benefit of Accessory Dwelling Units is allowing more people access to housing in areas with limited supply. This means that more people can live closer to Downtown Colorado Springs and other areas where housing is scarce, without having to build apartment complexes or other large housing units.
There are multiple ways to add an attached ADU to your Colorado Springs home. One method is converting extra, existing space in your home. It is common for ‘empty nesters’ to feel that the extra space in their home is underutilized, once their children have moved out on their own. By converting unused space into a rental space, homeowners can generate passive income – up to $1,000 per month, or more. This extra income can help homeowners save for retirement, travel more, and prepare for unexpected financial circumstances. This is just one of many reasons people are looking to build an ADU on their Colorado Springs property.
Building a Colorado Springs ADU Addition
On the other hand, an addition is a good option for adding an ADU to your home. Additions can be customized to fit your needs and maximize the rental income of your Accessory Dwelling Unit.
While single-family-zoned properties were most affected by the new ordinances, the ordinances also eased the regulations on building detached ADUs on duplex and multi-family-zoned properties. You can read more about detached ADUs here.
StreamHome Will Help You Build Your ADU
StreamHome specializes in building Colorado Springs ADUs, and offers free consultations to evaluate your property and the best way to maximize its value. Call or text us @ 719-644-6777, or schedule a free consultation to take advantage of these new zoning rules and start generating passive income today.
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