Have you been dreaming of creating a flexible space in your home for aging parents, visiting family, or even a source of extra income? Or are you a renter looking for something more private than an apartment? Accessory Dwelling Units (ADUs) might be the perfect solution for you. These innovative housing options are redefining how we think about home and space, offering versatile and sustainable solutions for modern living.
In fact, in 2022, ADUs made up 19% of California’s new housing permits. Curious about what an ADU is and if you should build or rent one? This guide will help you understand the ins and outs of ADUs!
What Is an Accessory Dwelling Unit?
An Accessory Dwelling Unit, or ADU, is a smaller, independent residential unit located on the same lot as a primary residence. ADUs can take many forms, including:
- Detached ADUs: A separate building, often referred to as a backyard cottage or guesthouse.
- Attached ADUs: A unit connected to the main home, such as a converted garage or basement.
- Interior ADUs: A space within the primary residence, like an attic or basement, retrofitted into a livable area.
These units are gaining popularity as cities look to address housing shortages by encouraging homeowners to build additional living spaces on their properties. For homeowners, an ADU can provide rental income, accommodate family members, or serve as a home office or guest house. Renters might find ADUs appealing because they are often more affordable than renting a whole house while still offering the benefits of living in a house over an apartment.
Junior Accessory Dwelling Unit
A junior accessory dwelling unit (JADU) is a smaller, more limited version of an ADU as defined by certain jurisdictions, such as Los Angeles, California. Typically no larger than 500 square feet, JADUs are often created by repurposing existing space within a home, such as a spare bedroom or a portion of the garage.
Unlike a standard ADU, a JADU may share some utilities with the main house and often doesn’t require a separate entrance. However, it must include basic living amenities like a kitchenette and access to a bathroom, although that bathroom may be shared with the primary residence. If you’re considering building a JADU, check local regulations to understand the requirements and restrictions in your area.
Accessory Dwelling Unit Cost
The cost of building an ADU can vary widely depending on its size, location, and features. Detached ADUs tend to be more expensive because they require separate utilities and new construction, while converting an existing structure (like a garage) may be more affordable. Typical costs range from $50,000 for a simple conversion to $200,000 or more for a detached unit with high-end finishes.
When calculating the costs of building an ADU on your property, remember to include building permits, decorating, and furnishing. If you want to attract shorter-term or seasonal renters, consider furnishing the space. CORT Furniture Outlet is a great place to find high-quality, lightly used furniture at deep discounts!
Benefits of ADUs for Homeowners
Building an accessory dwelling unit (ADU) can provide a wide range of benefits for homeowners. Here’s a closer look at how adding an ADU to your property can benefit your family:
- Additional Income Stream: An ADU can help offset mortgage payments, property taxes, and maintenance costs without purchasing additional investment property.
- Increased Property Value: Many buyers see an ADU as a versatile asset, making your home more attractive in the real estate market.
- Flexibility for Family Needs: ADUs can be a practical solution for multi-generational living.
- Home Office or Studio Space: An ADU can double as a home office, studio, or creative workspace.
- Downsizing Without Leaving Your Property: If you’re looking to downsize, you can move into the ADU and rent out the primary residence.
- Support for Sustainable Living: ADUs often encourage efficient use of land and resources.
- Meeting Housing Demands: In areas with housing shortages, building an ADU contributes to the local housing supply. Some municipalities offer incentives, such as tax breaks or grants, to homeowners who build ADUs.
Benefits of ADUs for Renters
As a renter, you may be curious about renting an ADU. There are many perks to renting an ADU, such as:
- Cost: ADUs, thanks to their smaller space, are typically priced lower than renting a whole house.
- Privacy: A detached ADU can offer more privacy than an apartment that shares walls and common spaces with other renters.
- Neighborhood: Homes with ADUs are often in residential areas, which may offer quieter surroundings and a more homey feel.
- Access to Outdoor Areas: Renting an ADU means sharing a property Findingidence, which may include accesfor renters than a yard, garden, or patio.
- Sustainable Living: ADUs are typically smaller spaces, meaning lower energy costs and a reduced carbon footprint.
- Flexibility: In many cases, landlords may be willing to offer flexibility, such as shorter leases and lower fees.
Furnishing your space with previously leased furniture is another excellent way to practice sustainable living, and CORT Furniture Outlet is the perfect place to find those pieces.
Sustainability and the Circular Economy
ADUs are inherently eco-friendly, often designed to minimize environmental impact with energy-efficient systems and small footprints. Furnishing your ADU sustainably is another way to align with these values. CORT supports the circular economy by renting furniture first and then selling it through CORT Furniture Outlet when it’s no longer in rental condition. This approach reduces waste and promotes reuse, making CORT a natural partner for eco-conscious homeowners and renters.
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How to Find an ADU for Rent
If you’re searching for an ADU to rent, follow these tips:
- Start Early: ADUs are in high demand, so begin your search well before your move date.
- Check Local Listings: Explore platforms like Zillow, Craigslist, or local real estate sites.
- Assess the Space: Look for features specific to ADUs, such as private entrances, full kitchens, and outdoor areas.
- Negotiate Terms: Don’t hesitate to discuss lease terms and clarify responsibilities, like maintenance or utility costs.
Keep in mind that privacy and proximity to the main house can vary widely with ADUs, so visit in person and clarify boundaries and rules with the landlord before signing a lease.
Renting or Buying an ADU? Furnish With CORT Outlet!
Extra space can be helpful for many different reasons – as a guest suite, to rent out, or to rent yourself! ADUs have become popular nationwide, especially in areas with limited housing availability.
Whether you’re a homeowner looking to furnish your ADU or a renter looking to add some new furniture after signing a lease, turn to CORT Furniture Outlet. With prices up to 70% off new retail prices on high-quality furniture and decor, you can score a great deal on used furniture without compromising quality. So not only do you save on must-have pieces, but you give used furniture and decor a second life. Visit your local CORT Furniture Outlet today!
