This 750 sf flexible space can be used as a guest house and home office, place for older parents or adult kids, or as a rare rental that can house a whole family.
*30 year, 4.7% APR, 680+ credit score for primary residence cash-out refinance. Your Loan Estimate terms may differ.
As you are now working mostly from home you need additional space. This helps you to set up your work table and a way to separate your work and family lives. This will help you focus more on your work and have fewer distractions than working form your home.
The pandemic has brought in a sense of insecurity in the minds of all. This is more so in the minds of the aged people. You may have to accommodate your aged parents or in-laws who want to have you near them
There is a serious housing crisis in California. You can rent out your ADU to earn substantial rental income. Former condo tenants who want to avoid crowded high-rise buildings are your market.
When you have constructed your ADU, you can rent it out for a good amount. This can take care of a major part or the entire mortgage payment.
Modern-day detached ADUs are versatile. In California, you can legally build them to as big as 1200 sq. feet. This gives a comfortable two-bedroom living space with all modern features.
With the right home addition design, the ADU will be able to add to the resale value of your house. A future home buyer will be interested to buy a new house with an accessory dwelling unit for all the above mentioned reasons.