Did you know that, according to PolicyAdvice, there are over 70 million homes that are occupied by their owners in the US? Additionally, since the year 1975, this number has risen so fast that it has almost doubled from the over 40 million homeowners who occupied their homes back then.
If you’re the many homeowners in the US who lives in their homes in the US, you might be wondering about whether you want to get a backyard ADU.
However, if you’ve only heard about ADU construction, you might not have all the information needed to decide whether you want to put one in your backyard. This can be stressful, as you might not know if it’s right for you.
Fortunately, in this article, we’ll review great reasons why you should get an ADU. Finally, you can decide if this investment is for you. Read on to learn more.
1. Increased Property Value
Before we get into this reason for getting a backyard ADU, we’ll answer the question, “What is an ADU?” in case it’s something you’re asking yourself. An ADU, the letters of which stand for “accessory dwelling unit,” is a small home that is built on a primary residence’s property.
Considering this, you can see how one of the great reasons to get a backyard ADU unit is that it will increase your property value.
After all, by building an ADU, you’ll be adding more flexibility, lower living expenses, and flexibility. This will make potential buyers more interested in your home when you eventually sell it.
2. You Can Earn Passive Income
Another benefit that comes with building an ADU building in your backyard is that you can earn a passive income. In fact, the main reason that people choose to invest in ADU housing is that it’s a way for them to get an amount of income that’s considerable.
Why are ADUs so effective when it comes to creating passive income? Well, usually, ADUs have their own bedroom, bathroom, kitchen, and entrance.
As a result, you can easily rent out this space. Whether you turn it into an Airbnb or a more long-term rental, you’ll be able to easily make money with this investment.
At the same time, you won’t have to commit to setting up a rental agreement. As a result, you can make money in a non-traditional way without having to fully commit the way you would with a more traditional renting agreement.
Are you interested in setting up an ADU in your backyard? In that case, check out these ADU builders.
3. You Can Host Friends and Family
In addition to ADU real estate and passive income reasons, another reason why it’s a good idea to get a backyard ADU is that it’s easier for you to host friends and family when they’re visiting. This is especially useful if you don’t have room within your home to host them.
But it isn’t only you benefitting from the arrangement. Visitors to your home will have more privacy than they would on your living room couch or even in a guest bedroom.
They would have an entire space to themselves, feeling at home while visiting your home. Additionally, they’ll be able to get some along time if they need it.
4. College Graduates and Adult Children
These days, many “kids” are moving back in with their parents after having finished college. In fact, according to TD Ameritrade, 50% of people who are under 30 years old will be moving back in with their parents after they’ve graduated from college.
If your children are deciding to do this, having a backyard ADU can be a great solution.
For one thing, your adult child coming back home will feel that they have a bit more privacy moving into the ADU.
This will make the transition of them returning feel a bit smoother for both you and them. It will also help your adult child feel more independent within the context of moving back in with their parents.
Additionally, this is an opportunity for you to charge them a small amount of rent that’s affordable.
They can learn to responsibly pay for rent while still not having to sacrifice money considering how high their student debt might be.
5. You Can Create a Whole New Space
Additionally, with a backyard ADU, you can create a whole new space that would otherwise be in your home but not be as great for completing activities. For example, you could create an at-home gym in the ADU that has all the different workout machines you need.
If you’re an artist or enjoy being creative, you could create a studio in your ADU. Or if you work from home, you could work from there, getting the privacy you need to be productive during the workday.
The list goes on and on with what you can do with this space!
Want to Learn More About Features Like the Backyard ADU?
Now that you’ve learned these great reasons to get a backyard ADU, you might want to learn more about features like these. Maybe you want to learn more about additional renovations you could complete in your home or you want to get some exterior decorating ideas.
Whatever you want to learn, you can find out more about it in our blog.
Simply go to the Home section of our website, where you can learn more about many types of exterior and interior home features.