West Hills has one of the most competitive housing markets in the country, making affordable housing and additional space hard to come by for most. If you find yourself looking for the same, an ADU (accessory dwelling unit) is a great solution that can help you not just save money but make money as a homeowner. ADUs are much more affordable to maintain and they are typically small homes that can be built in backyards or on lots near existing houses. They do not require anything like the same upkeep that traditional housing does. ADUs allow homeowners to generate income while still living in their larger homes. There are many reasons why it might be right to build an ADU in your backyard.
ADUs Provide Additional Living Space
If you live in a small house or an apartment, then having your own ADU in your own backyard can be exciting because it will give you additional living space and is also perfect for homeowners who like to host guests or need a place where they can retreat during the day if needed. ADUs can make your existing residence more spacious and comfortable. If you have family members who you’d like to keep close yet offer privacy, an ADU is an excellent option.
It’s also great for those with growing families who want their kids, teens, and even adult children to have an additional area and it can also be used as a guest room or home office. When you are thinking of starting a business, an ADU is a fabulous idea for a workspace or office.
With an ADU on your property, you will have additional security because there is another entry point to the unit which makes it harder for possible burglars to access the property.
Affordable Housing Option
A typical ADU project can be built at a reasonable cost, compared to designing and building a new single-family home with pricing depending on various factors. The size and location of the property, the design, and the complexity of construction, whether any existing structures need to be remodeled, and if any permitting will be necessary and finally the cost for materials can affect the cost of an ADU. Building an ADU offers an excellent return on investment even if you do not rent out the space. For a reasonably minor initial investment, you can significantly increase the value of your home, particularly if you add a detached ADU.
Additional Income For Homeowners
ADUs are an excellent source of rental income for homeowners who want to ensure their living expenses can be paid while still allowing them to stay in their house. Constructing an ADU for lease can generate steady income for years. Best of all, there are incentive programs that can further lower the cost of construction if you build an ADU as an affordable housing option.
Los Angeles County and West Hills have a housing crisis. With so many people living in poverty, the need for accessible and affordable housing is significant. The best solution is to build an ADU, referred to as second units built onto existing properties with separate entrances from the main house on a lot. An ADU can be designed as an independent unit complete with its own kitchen, bathroom, and bedroom; but they also make great multi-generational homes when created adjacent to each other. This type of structure can be built onto existing properties; it is a relatively quick and inexpensive solution to the housing problem.
Building an accessory dwelling unit in West Hills is a great strategy for both increasing the value of your residential property and also generating additional income. While the construction of an ADU might seem like a huge undertaking, it may be one of the most profitable investments you’ll ever make in your life.
MDH Builders makes it easy for West Hills homeowners to construct beautiful, efficient accessory dwelling units on diverse properties. If you have a property in West HIlls, you can reach out to learn more about building your own ADU.