ADU's and you! (Accessory Dwelling Units)
Are you a home owner in California? Do you live in one of the towns or cities that have taken advantage of the new ADU laws? Accessory dwelling units a.k.a additional dwelling units.
Is the housing crisis in the state of California something you want to help combat? Additionally, are you interested in making a great R.O.I. (return on investment) from remodeling or new construction on your home? Then my wonderful readers, continue below and feast your eyes. Let this serve as a resource for information pertaining to the subject.
A few years back California issued new laws and assistance for building, remodeling or constructing accessory dwelling units. We will summarize this here for you now and all the associated details.
What is an adu?
Here is a quote from the State of California itself about what an ADU is and the new very fantastic laws now in effect from 2018!
" What are ADUs?
Accessory Dwelling Units (ADUs) are known by many names: granny flats, in-law units, backyard cottages, secondary units and more. No matter what you call them, ADUs are an innovative, affordable, effective option for adding much-needed housing in California. "
So with this and the advent of you being either a home owner, house flipper or real estate agent, here is very exciting and crucial information for you! If you have an existing back house, garage and maybe some space on the side of your property then this is a very good project that will increase the square footage price of your property (yes, this also adds list-able square footage to your homes value! Amazing).
However you must get your ADU permitted with your local city if your local city has ratified this great law mandated from the state. This also means for those of you who reside in these cities and towns in California and have that one particular back house nobody knows about then this is your great "free pass" to make it official and add square footage value to your not so permitted (wink) back house which currently has no square footage value! (Please check with your own city or county for these details as we cannot vouch for the validity of these adu projects for all cities and counties in Ca.)
Did you know that a garage by itself may not have any square footage value for home value pricing or MLS listings? You can change that now if you aren't using your garage for parking your car or for storage by turning it in a granny flat/adu.
Here is another quote from the state of California's website at this link ADU info that highlights the benefits of this project. The state's site is a good resource for all who want general information and to be educated. Wait! Did you say benefits?
What are the benefits of ADUs?
- ADUs are an affordable type of home to construct in California because they do not require paying for land, major new infrastructure, structured parking, or elevators.
- ADUs can provide a source of income for homeowners.
- ADUs are built with cost-effective wood frame construction, which is significantly less costly than homes in new multifamily infill buildings.
- ADUs allow extended families to be near one another while maintaining privacy.
- ADUs can provide as much living space as many newly-built apartments and condominiums, and they’re suited well for couples, small families, friends, young people, and seniors.
- ADUs give homeowners the flexibility to share independent living areas with family members and others, allowing seniors to age in place as they require more care.
The next steps.
What are you waiting for? What am I waiting for! This is something we need to all take advantage of as homeowners with a little room on our property.
City, County and State assistance for homelessness philanthropy!
Earn your reduced permitting fees and tax break incentives by teaming up with your city to help house the homeless in your adu. If your city has applied to the state for the grant money and is part of this program then you are set.! Los Angeles for instance is jut one of these cities that are doing this and won a 1 million dollar grant from the Bloomberg Philanthropies Mayors Challenge. Here, below is just one excerpt from this site that explains this whole philosophies and the assistance associated with it.
" New state rules making it easier for homeowners to build accessory dwelling units on their properties were designed to address California’s severe housing shortage.
Now Los Angeles officials plan to test whether ADUs, aka granny flats and in-law units, could be a solution for homelessness as well.
Mayor Eric Garcetti announced today that the city has won a $1 million grant through the Bloomberg Philanthropies Mayors Challenge to fund a program pairing homeless residents with homeowners who have space on their properties for an ADU.
Under the program, which is expected to launch in spring, participating homeowners would receive up to $30,000 worth of assistance constructing an ADU on their property. Rather than a direct loan or stipend, the money would come in the form of tax breaks or reduced permitting fees.
In return, owners must agree to rent the new structure to a homeless resident who will be supplied for two years with rental assistance and case management through the county’s homeless services authority.
“We are looking for landlords who are compassionate,” Amanda Daflos, leader of Garcetti’s Innovation Delivery Team, told Curbed in June. "
Isn't that great! The above is just another resource that writes about actual monetary value and savings for taking on these types of home improvement projects. Also it is a chance for those of you who want to be philanthropic to be just that.
What is needed? We are needed.
You were waiting for me to say it and here it is. Wintorim Windows & Doors. That's right! We can help get you your beautiful looking replacement windows and doors for these new adu remodeling and home improvement projects. Our windows and doors have wonderful deals that will save you money in the process so you can take advantage of your return on investments and arbitrage great value from your property. Selling you your custom made, quality vinyl or aluminum windows is a goal, but providing a place to go to read about resources that are valid in helping evoke your success as a home owner is another service we want to provide here in these blogs as well. Call us now toll free (855)207-7711 or email us at firstname.lastname@example.org and find out about our amazing specials.
Once again, Los Angeles and California are quickly becoming an economy based on real estate and property ownership with sales. Home improvements, remodeling, real-estate sales, property management, new construction. What category do you fall into? If you can take advantage of this do not wait any longer. I would start now.