An ADU is another word for granny flat, or guest home. Here is why you should consider building one!
An accessory dwelling unit or ADU is known by many names. Many call it a granny flat, two-family house, in-law suite, carriage house, granny cottage, or auxiliary dwelling unit. It is basically just a small house you build in your garden, but it can be used for many purposes. Many think it would be a waste of money and pace to build an ADU, but here I’ve discussed why it’s actually a smart decision.
Increase the Value of your House
A house with an ADU is more likely to get sold. It is also sold for a higher value because people recognize its value. If you have a granny flat, you will see that more people will reach out to you and they will make better offers. Just make sure it’s built by professional ADU contractors who can make a cost-efficient, sturdy, modern cottage.
You can instantly increase the overall value of your property simply by building this tiny cottage. Anything you invest will return with profit. When they evaluate the price of the house, they will count how much it would have cost to design ADU in addition to how it increased the value of the entire house. This means you can invest rest assured that you are not wasting any money. You will get value from it and a complete monetary return when you sell the house.
Usually Doesn’t Need Approval
Depending on the country where you live, you might not need any approval from the development authority before you build an ADU. It is usually a very hectic process where you have to take permission before building a house. Most governments don’t require you to take their permission to build this extension to your house. This means you can build it any time you want without any worries. There is also no need to wait for anything.
You Can Rent it Out
If you are not sure how it is going to be beneficial for you, here is the best way a granny flat pays off its worth. You can simply rent it out. It’s exactly inside the main residence, so no one in your family will be disturbed.
Instead of keeping it empty, renting it out will get you the rent of a full house. It might not be as big as your main house, but it has all the same facilities such as a bedroom, kitchen, and washrooms. This is everything a person can need from his house.
It won’t be very difficult to rent out because it’s a complete house and people prefer them over a flat. If you are in a good neighborhood, it can get you a very good monthly passive income without doing anything.
Live with Your Parents with Privacy
Many people are not very thrilled about the idea of living away from their parents. They raise us our entire lives and make us what we are today. We wouldn’t have been able to achieve anything and the world would take advantage of us if they weren’t there for us. We were weak and they protected us.
Now they are weak when they are old. They might not have any financial issues but they need emotional support and love for the family. They can also get depressed and they have many health issues and need a family to look out for them.
Many are worried that they won’t get enough privacy with their wives with their parents around. You can build an accessory dwelling unit and have your parents settle there. They will be living in the same house as you without compromising any privacy.
This will make them very happy and give them all the support they need at their age. They will also get to spend some time with their grandchildren, and your kids will learn a great deal from them. Not to mention you will have the best babysitters in your house so you can go anywhere you want.
A Place to Live for Nomads
If you are a nomad who likes to travel around and rarely visits his house, you should build an ADU. You don’t need an entire house for yourself if you don’t even live there. You would be wasting all that space when you can earn from it.
This is why you should rent the main building and settle in this small house for yourself. You will get a very good rent and will be able to finance your nomad lifestyle. The few days you spend in the house can be easily spent in the ADU where you will keep all your stuff. Having the house on rent will also keep it safe from theft and other issues.
Use for Professional or Recreational Purposes
You can use a dwelling accessory unit for multiple personal uses. For example, you can build an amazing home office. We all need silence and privacy when working. It can be difficult to find in the house, especially when you have kids.
With a granny flat, you will be able to work with focus. Even if you don’t have to work, you can use it for other recreational purposes. Build an art studio and bring your inner artist out. There are also many other things you can do depending on your hobbies and interests. It would not be a very bad idea to build a gym. It can also be a gaming room where you can invite your friends too.
Adjust Your Boomerang Kids
Millennials have many opportunities but life isn’t exactly easy for them because of the tough competition in every industry. They have to leave their parents’ house when they go to college or turn 18. You can give them support by providing a place to live.
They won’t feel like they are becoming a burden on you when they are in the same house but living separately. They will also get the privacy they need and work on their startups without any interruptions.