PROFESSIONAL ACCESSORY DWELLING UNIT (ADU) CONTRACTOR IN ANAHEIM, CA

ADUs are additional housing structures that are built on properties that already have a primary home or dwelling. These types of tiny homes can come in all shapes and sizes and are able to be completely customized. ADUs have many other names you may hear including granny flats, guest houses, and in-law suites, but the one thing they all have in common is the same structure and purpose. There are many benefits to these tiny homes and they can be built on both single-family lots as well as multi-family lots. ADUs have their own entrance and other spaces like kitchens, living areas, and bathrooms. In addition, ADUs can either be stand-alone structures or be attached to the home such as converting your garage. For a more detailed comparison of the attached ADUs, please click here.

There are many reasons that tiny homes have become increasingly popular, whether you are wanting passive rental income or are looking for the perfect guest house. Accessory dwelling units are the perfect opportunity to add value to you home while being able to make a profit. These ADUs can be used for a number if different reasons which is why they have become so mainstream over the last couple of years. 

A new package of bills was passed in January of 2020 making ADU construction an easier process. Now, in California, you can enjoy this tiny home and all the benefits it has to offer because of this new series of bills. Some of these new laws include the ADU permits and how they are automatically approved for single-family homes and can also be built on multifamily properties. 

These new laws that were put into place made building and ADU legal on a state level so there are no worries about having to follow city ordinances. Not only do these laws permit building ADUs but they also make the process easier altogether. ADUs can now be built in HOAs without the hassle like before, and cities are required to approve ADU applications within 60 days. Other burdens that have been lifted include ADUs that are made by 2025 don't require the owner to live at the property and ADUs can be developed at the same time as the main unit. With all these new laws into effect, it has never been easier to get the permits and build the ADU of your dreams.

When living in Anaheim, real estate and monthly rent averages can be pretty costly when living in Anaheim. The average real estate costs in Anaheim is around $798k and trending up while rent can cost as much as $2100 a month. As a homeowner, one of the best investments you can make is in your home itself. 

Now that California has updated laws about ADUs, homeowners can gain equity simply by adding an ADU to their property. These units offer an affordable way to increase your cash flow. For example, with starting cost only costing around $350-$450 per square foot, ADUs basically pay for themselves. Take for example, we build an ADU on the property that adds a monthly loan payment of $2000 to your mortgage. In this case the tenants rent should be roughly $3000, netting you a $1000 profit each month. Utilizing your ADU as an AirBnB is another excellent way to increase cash flow with this investment.

Beyond how great of an investment these homes are, they add tremendous value to your home, meaning that your home equity will drastically increase. Your homes equity is the difference between what your property is worth and how much you still owe on it. Here in Anaheim, an ADU will add around 150% of the total costs of equity once the project is completed. For example, if you build a 750 square foot ADU on your property at a build cost $400 per square foot for a total of $300,000, you can expect your value to go up to approximately $450,000 upon completion. Now that's and instant ROI.

When looking at building an ADU in the Anaheim area you can expect to pay between $350-$450 per square foot. Typically, this price decreases as your square footage increases because there are a lot of fixed costs associated with building an ADU, regardless of the size. When you think about size, the larger the ADU, the larger your return investment will be when it comes to property value and rental income. Keep in mind, our company is a one stop shop and will be with you in every step of the process. 

While some people have cash on hand, there may be others who just simply don't have it in the budget to fund their ADU out of pocket. The good news is that there are a lot of great lending options available because banks realize how much and ADU increases property value, making it a low-risk investment for them. If you're looking for a more detailed explanation of financing options for your ADU, click here.

Nursing homes costs in Anaheim can cost as much as $7500 a month for a private room. Anaheim can be an expensive place to need professional nursing care for loved ones. However, you can avoid these expenses all while adding equity to you home with the perfect ADU. Your ADU can function as a place for your elderly loved ones to stay who need assisted living.

ADU financing options are $1500 and $2500 a month on average (primarily depending on the size of your ADU at approximately $350-$450/sq ft). Compared to spending $7500 a month on nursing home facilities for your loved one, you will be saving a fortune while being able to reap the benefits for both your family and your property. In addition, using your ADU as an alternative to a nursing home facility gives you more time with your loved one while being surrounded by comfort rather than the stresses of a nursing home. 

ADUs are the perfect solution for a guest’s house. Whether you have friends and family that are over to visit and need a place to stay or if you just want to stay a night to two out of your house, ADUs can cover it all. In addition to that, even if you're using your ADU as a guest house it doesn't mean there isn't still opportunity for cash flow. For example, you could use your ADU as an AirBnB and rent it our between your family and friends staying there. The average cost of an AirBnB in Anaheim is $300 a night so you could charge anywhere from $250 to $350 a night. Renting out your ADU just a few times a month could have your loan payment covered by this income alone. Renting it out more than just a few times a month is just cash in your pocket adding another way to earn income from your ADU. Not only do you have a beautiful place for family and friends to stay, but you have the option for added cashflow as well.