Major Benefits of building an ADU. They’re an affordable type of home to construct in California because they do not require paying for land, major new infrastructure, structured parking, or elevators. Most can already be built with existing construction. As well can provide an extra source of income for homeowners. Most ADU are built with cost-effective wood frame construction, which is significantly less costly than homes in new multifamily infill buildings.They also allow extended families to be near one another while maintaining privacy. So if you ever have any relative visiting from out of town you can rest assure they’ll be staying a comfortable.
At the end of the day ADU is the most profitable investment you can do on your property. Especially in California with renting a one bedroom ADU at a standard of $1,500.00/month. As shown by the graph one will almost double their investment in just 10 years. While most mortgages last 30 years your ADU will practically be profitable in just 10 years.
Benefits of an ADU
- Profitable
- Rentable
- Friends/family guest house
- Emergency shelter
- Up to 30% property value increase
Types of ADU’s
- Converted Garage ADU is the most common
- Detached ADU is an ADU built from scratch complete new construction
- Attached ADU is basically a room addition, just with it’s own separate entrance as well up to code living standards.
- Basement conversion
Average ADU cost
Most contractors like to work around the bush when it comes to this question while it is true that each price is unique to each property so Ive learned to simplify instead just like your typical flooring even ADU have a pricing per Square foot.
- Detached new construction $280-305/ Per Square Foot
- Basement ADU $240-265/ Per Square Foot
- Attached ADU $270-300/ Per Square Foot
- Garage conversion $260-297/Per Square foot
Might as well build it since the land is free. Land is commonly the most expensive part of residential housing development, but in the case of an ADU, the land costs are already accounted for. Each dollar that is spent on the housing unit, is being spent in the actual housing unit. If the ADU is being built to help generate rental income, there’s a fairly direct return on those dollars, in comparison to the development of other residential housing types. At Ares Building and Construction we focus on building ADU’s with a beautiful quality not only will we construct it for you we make sure the interior is beautiful too. All while fitting your budget thanks to our many partnership with many manufactures we pass on those savings to you. So schedule your appointment now to build your very own ADU and enjoy all these benefits in your property.