Determine if your area is ADU-friendly by visiting your
city’s planning and zoning website, or by calling or
visiting the local office. Some areas encourage ADUs
and others don’t. Even if your city’s regulations seem
to discourage ADU construction, you may be able to
secure a waiver to build one. Ask.
DO A COST EVALUATION
If you want an ADU to bring in rental income, be sure
to look at the total cost for permits, construction, and
the increase in annual property taxes. Compare this to
the monthly income you expect to receive to determine
how long it will take for the ADU to pay for itself
before you realize any income.
CONSIDER YOUR LIFESTYLE AND NEEDS
Important considerations include:
Privacy vs. Company – If you are a private person,
having a renter on your property may present
difficulties. However, if you are looking for more social
interaction, finding the right renter may be just what
you need.
Assistance – If you have special needs, consider
trading maintenance, cleaning, or personal services
for part or all of the rent on your ADU. It may be an
economical way to retain your independence, even
with physical limitations.
Aging in Place – If you want to age in place, an ADU
built with universal design concepts may help you stay
on your property, while simultaneously improving your
financial situation. You could rent out the house that is
too large or unsuitable for aging in place, while staying
in the neighborhood you know and love.
Adult Children – If you have adult children who have
returned home to live with you, an ADU may be an
economical way to keep your children (and possibly
grandchildren) close, while maintaining privacy for you
and for them.
TALK TO YOUR REAL ESTATE SPECIALIST
An accessory dwelling unit may be exactly what you
need. For additional perspectives, talk to an SRES® in
your area to help you determine if this is a good option
for you!