The Los Angeles real estate marketing has gone through various changes over the last few years, right now there is an uprising ADU frenzy ready to surge. In 2018, 1,412 ADUs were built 2019 2,588 ADUs were built, and in 2020, 3,024 were built. Percentage-wise there has been around a 114% increase in the number of ADUs built from 2018 to 2020. (ADU California, 2022). Today in 2022, it only seems like that number will sky-rocket. Homeowners are becoming more aware of how valuable each square footage of their home is. Additionally, the usage of ADUs can be far more valuable as well it can serve as additional space, home office, or even gym.
ADU COST EXAMPLE
ADUs create affordable housing units as compared to the expensive housing prices in the Los Angeles region. Homeowners can rent their attached or detached ADUs and pay off their mortgage. For example, renting out an ADU for $1,800 will pay off your mortgage in half if your mortgage is $3,600. Not to mention if you invested $100,000 on the ADU you’d pay it off in 4-5 years. On top of that, the value of your home will increase without a doubt.
Living in an ADU can be exactly the same as a regular home just on a smaller scale, up to 50% of the main home. ADUs can replicate the exact amenities of a regular home. They can be equipped with a kitchenette, full bathroom, A/C, recessed lighting, insulation, plumbing, and waste system. Well-designed ADUs can efficiently use all the precious square footage.
REASONS TO BUILD ADU
Perhaps building an ADU for the purpose of an extra income stream is not a priority but instead for other reasons. COVID-19 has influenced the new norm of working from home, homeowners are now interested more than ever to build a home office. Home gyms have also become as well since COVID-19. However, the simple reason of adding bedroom space is amongst most popular. The rise in intergenerational housing parallels the increasing interest to create additional housing units to keep families close and avoid the expensive housing market.
Right now is the perfect time to invest in building an ADU, the rise in building materials continues to increase and there is no sign of any decrease. For a FREE ESTIMATE, give us a call at (800) 742-3585 or visit our contact page, https://www.pearlremodeling.com/contact-us.