Got Space? Why Build An ADU On Your Property

If you own your home, it's time to look at your property. If you have unused space in your yard, you could be putting it to good use. One way to do that is to build an ADU, or accessory dwelling unit. An ADU is a smaller dwelling that can get used for a variety of purposes. One of the great things is that many communities are embracing ADU construction. If your community allows ADU construction, read the list provided below. Here are four reasons to build an ADU in your yard. 

Open Up a Revenue Stream

If you're looking for an easy way to make money, it's time to build an ADU on your property. You might not realize this, but you can rent out your ADU for extra cash. There are a couple of ways to do that. You can rent out the space on a long-term basis. This ensures that you have long-term tenants for your ADU. Or, you can turn the property into short-term housing. This allows you to rent your ADU on a daily, weekly, or monthly basis. Either way, you'll make money from your investment. 

Create Home Office Space

If you work from home, it's time to give yourself some space. You could use a corner of your home or your bedroom for office space. But, that doesn't give you the privacy you need to conduct business. Plus, you might not get the tax write-off when you use your bedroom as office space. That's where an ADU comes into the picture. An ADU gives you the office space you need for your work-from-home business. Plus, because it's a stand-alone structure, you can claim the space on your taxes. 

Make Room for Teenagers

If you're tired of sharing your living space with active teenagers, you need to build an ADU. You can turn your ADU into a living space for your teenagers. Or, you can turn the space into your own space for entertaining, or relaxing. If you have adult children who have returned home, you can use your ADU as an apartment for them. 

Prepare for Aging in Place

If you're responsible for an aging parent, now's the time to invest in an ADU. One of the benefits of an ADU is that you can design it to accommodate an aging parent. This includes adding safety features throughout the unit. You can also design the space for your aging needs. This will allow you to age in place once you reach that phase of your life. 

For more info, contact a local contractor about ADU floor plans.