Most people who own their own homes are always looking for ways to save money. Building an ADU on your California property may be the best way to do this. ADUs can give you a lot of benefits, such as extra income and a higher home value. So, if you want to lower your monthly bills, you might want to build an ADU. Read on to learn about some of the ways building an ADU can save you money.
ADUs Give You and Your Friends and Family More Room
Accessory dwelling units, or ADUs, are becoming more popular all over the United States. This kind of living space gives homeowners a lot of benefits, such as an increase in the value of their home, more space for guests and family, and even the chance to make money by renting it out. This flexible solution has something for everyone, whether you want to build a private retreat for yourself, give your elderly parents more space, or rent out your ADU to make extra money every month.
An ADU can also be a great option for families and caregivers who want to find safe, comfortable, and worry-free housing for an elderly family member or friend. With the right planning and design, an ADU has everything a senior needs to stay living on their own, such as easy access to medical facilities, health care providers, and daily support services.
An ADU is a great way to add value and improve your home life because it can be built in many different ways and used in many different ways. Think about how you can benefit from an ADU right now.
Rental Opportunities
People often think that owning a home is the best way to protect their finances, but for many people, it can be very expensive. The cost of your mortgage, repairs, taxes and utilities can quickly add up to a big monthly bill. So, when deciding between buying or renting a home, many of us may think it’s better to rent. After all, why pay a mortgage when you can just split the rent on an apartment?
But what if there was a way to avoid those big mortgage and rent payments altogether? One option that is becoming more and more popular is to build an ADU, which is a small second home, in the backyard of your main home. Even though you have to put some money into it at first, building an ADU can be cheaper in the long run than buying or renting a separate home. You’ll save money by not having to pay for more than one place to live, and you’ll only have to make one mortgage payment or rent payment, which is often less than what you were paying before. So, if you want to save money and make your life easier, building an ADU could be the answer.
You Can Paint or Landscape the ADU Yourself
There are many different costs to think about when building an ADU on your property. Construction costs are likely to be one of the highest costs. These costs can vary based on a number of things, like the size and location of your ADU. But one way to save money on these costs is to do the work yourself, which takes time and effort. For example, if you are good with a paintbrush or a pair of gardening gloves, you can save money by doing your own painting or landscaping. Also, you might be able to do some of the less complicated construction work yourself, like putting in cabinets or putting together furniture. No matter what you decide to focus on, being proactive and willing to put in some extra work can help you make sure that your ADU meets your needs and stays within your budget.
Install Equipment that Uses Less Energy and Use Solar Energy
There are a number of ways to save money on utilities in your ADU. You can start by putting in appliances that use less energy, like those with the Energy Star label. These appliances use less power and save you money on your electricity bill. Also, if you build your home with solar power in mind, you can make your own clean energy and use fewer fossil fuels and other traditional energy sources. Depending on where you live, you may also be able to get special energy discounts or tax breaks that will lower your utility costs even more. With these easy tips, you can live in your ADU on a budget and feel good about helping the environment at the same time.
Raise the Value of Your Property and Build Up the Equity in Your Home
Even if you aren’t sure if building an ADU will be worth it, don’t discount its future value! Adding an ADU to your California property can be a great way to raise its value and increase your equity. At its most basic, an ADU is just another house on your property. This makes it a valuable asset that can be rented out or used by family members who need more room to live. This extra space could also make your home worth a lot more because it gives you more room, which can be appealing to buyers in a competitive real estate market. Also, having an ADU will make you eligible for tax breaks and other ways to save money, which will add to the value and equity of your home as a whole. So, if you want to invest in your property and make it worth as much as possible, you should think about building an ADU.
ADU Financing Made Easy With Acton ADU
Most banks don’t offer the competitive options and security that homeowners want when it comes to financing an ADU or accessory dwelling unit. But with our trusted partner, Acton ADU is changing that! You can easily and confidently get the financing you need for your ADU in Monte Sereno, CA, thanks to their flexible loan options and low down payment requirements.
Whether you want to fix up your current home, build a brand-new ADU from scratch, or get a loan for a vacation home, we can help. Most of the time, our construction periods are between 12 and 24 months, and you can even choose to pay only the interest during that time. So, if you’re ready to take charge of your ADU project and pursue your dreams of homeownership with certainty and predictability, get in touch with our team at Acton ADU today at www.actonadu.com, and let’s get started!
