Accessory Dwelling Units (ADUs)
Extra Income in Your Backyard
What are ADUs?
ADUs, or accessory dwelling units, are separate, supplementary dwellings that are often located on single-family property. An ADU can be a separate area on the same property as the primary residence, or it can be an apartment inside the main house. The terms accessory apartments, garage apartments, carriage houses, and backyard cottages are also sometimes used to refer to accessory dwelling units, which are also known as granny or mother-in-law flats.
Why are ADUs a good investment?
The addition of an ADU in your backyard can be an effective way to meet your needs and even generate passive income at an affordable price. Some of these benefits can include:
- Additional income as rental property
- Long-term housing for family members
- Privacy and accommodations for guests
- Increase property value