Monday, April 20, 2020

ADU? How will that help my real estate value?

ADU? How will that help my real estate value? Read the full blog post at https://robrosarealestate.blogspot.com

ADUs (Accessory Dwelling Units) are usually small units that are built in the back or side of a parcel's main home. In many cases a mother, father, family, loved one, caretaker lives in this 2nd unit. These are an opportunity to stay closer with loved ones and still having your own privacy. It is an opportunity for maybe the homeowner to even make extra revenue from the rental of the ADU. The ADU is usually about 500 square feet and will be built at land level with wider doors and handicap accessible features such as lower counters and handles in the shower. The cost to build a unit such as this might be about $40,000-$50,000 or even more. I have many tradespeople available to help: electricians, plumbers, roofers, framers. You know who you are! There can be many local community rules, restrictions and municipal ordinances and so you have to make sure you get permits. There could be occupancy and density issues. The are many benefits to having an ADU on your property. In a 2018 survey by AARP, Americans 50 and older who would consider an ADU said it would: 84% - provide a home for a loved one in need of care 83% - provide housing for relatives or friends 79% - have a space for guests 67% - increase the value of their home 64% - help them feel safer with someone living nearby 60% - create a place for a caregiver to stay 53% - provide extra income from renting to a tenant ADUs can be considered similar to "mother-in-law" units. I can get you a list of homes with a mother-in-law suite or home office in your area if you want one. Just let me know. Much of the information was provided by an AARP Bulletin. The author is Joe Eaton. For more real estate ideas, subscribe to my YouTube Channel! https://www.youtube.com/user/MrTriplestar Where I hang out online... https://www.facebook.com/robrosarealtor http://ctrealestateselling.com http://ctrealestateschool.info https://www.linkedin.com/in/robrosa https://www.instagram.com/ctlivingwithrobrosa http://robertrosa.bhhsneproperties.com Rob Rosa is a licensed real estate broker in CT Berkshire Hathaway HomeServices New England Properties 1160 Silas Deane Highway, Wethersfield, CT 06109

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