The Benefits of Building a Backyard Apartment
Are you looking for ways to fit your aging parents into your current home? Do you want to make a little extra money on the side by renting out space in your house on Airbnb? If so, then you should consider building a backyard apartment.
Also known as an Accessory Dwelling Unit (ADU), these awesome units allow you to add extra space on your property that’s entirely separate from the original structure of your home.
As you might imagine, these offer several benefits. See below for a guide explaining those benefits and why you should consider adding one in your backyard today.
1. Support for Your Aging Loved Ones
Perhaps you have aging parents that can no longer live on their own. Maybe you wish to help them avoid living in a retirement center or nursing home, as long as it makes sense for both them and you.
If so, then you should consider a backyard apartment. These are commonly referred to as “Granny Flats” because they offer a great solution to those of you that have aging parents.
Elderly care is among the most expensive costs in life. The cost of nursing homes is outrageous and might not be worth it, depending on your loved one’s health. In just a few months at the nursing home, you could’ve paid for an ADU to be built on your property.
Building a Granny Flat on your property will help give you more peace of mind. You’ll be able to keep your aging parents close by, without feeling like you’re over crammed inside your home.
This can also set up a living situation that they’re more comfortable with. Rather than living amongst strangers, they’ll have loved ones to hang out with, while also having their own space to sleep in and call their own.
2. The Opportunity for Side Money
Just like any other real estate decision, adding an accessory dwelling unit to your property can create the potential for side money down the line. Not only will renting it out cover the costs of the ADU, but it will also give you extra cash each month. Not to mention, depending on the quality of the ADU, more value to your property overall.
Our customers have many different ideas of how to rent out their new ADU after it’s built. Some choose to post it on Airbnb and build an awesome side business from renting it out to travelers.
Others use it as a way to help their children enter the real world. They rent the space out to their child for a reduced cost of rent so that they can learn to run and function as a maturing adult.
This can be a significant help to your young children, nephews, nieces, and even grandchildren as they’re just starting. Currently, the average rent in Campbell, CA is close to $2,633. By decreasing that even a tad, you can help them gain a financial advantage over their friends and coworkers.
Whatever the case might be, an ADU can help you get a bit of side money, which will give you more wiggle room in your monthly budget. It’s a win-win for everyone involved!
3. A Plethora of Uses
We know what you’re thinking. After that last point, you were probably wondering “but what can I do with it after my child moves out?” We’re glad you asked!
There’s no shortage of uses for an Accessory Dwelling Unit on your property. You can easily turn it into a detached office space, an at-home theater, or just the place your family goes to hang out for the night.
However you end up using it, you’ll get your maximum value for that use. It allows you a physical space where you can escape from the outside world. Leave your phone in the house and go to your ADU to perform projects, work on things, or kick back and relax with the fam.
As many of our previous clients will tell you, their use of the ADU changes with time. As their needs change, they can adapt to the ADU to fulfill them.
4. Guest House
California residents know this feeling all too well. You are excited that you have family coming in to visit from out of town, but having them stay in your house can be a huge burden. It can throw off your daily routine and make your house feel cramped.
An ADU is a perfect solution to this problem. It can serve as a guest house for all of your friends and relatives that come in to visit long-term.
That way, they’ll have their own space to sleep and gear up for the day without having to pay insane hotel taxes.
5. Personalization
The Accessory Dwelling Unit that we build for your property will be one of a kind. We here at Acton ADU pride ourselves on creating traditional builds for our clients.
All of our ADU designs are pre-approved by the City of San Jose, so you’ll already be by city codes before investing in our product.
We’ll talk through your goals for the project and assess your backyard to create the best of both worlds. You’ll love the results and use them for years to come! They also increase the resale value of your property.
Unlock the Benefits of a Backyard Apartment for Your Property
Now that you have seen an in-depth guide on the benefits and reasons to build a backyard apartment in your home, be sure to use this information efficiently.
Be sure to read this article for more information on the ultimate guide for finding the perfect San Jose ADU.
To get started, please reach out to us by filling out our online contact form and we will be happy to assist you further.