Tiny houses are similar to traditional houses in all aspects other than size. As compared to travel trailers, tiny houses are built differently, using higher quality material. You can keep your tiny house in an RV park. If you have enough space on your property, you can park the tiny house there too. Depending on your city, there could be some zonal regulations that you will have to follow when deciding where to keep your tiny home. You can also choose to rent space on someone else’s private property for it. However, before you do so, it would be best to familiarize yourself with the city’s housing laws first.
What Are ADUs?
An accessory dwelling unit, also known as ADU, is often described as a ‘granny flat’ or ‘mother-in-law’ flat. These are additional living quarters situated in the same plot as the existing single-family home. ADUs can either be detached or attached to the main house. Either way, the purpose of an ADU is to provide tenants with independent living facilities. The living space should include permanent sleeping, living, sanitation, cooking, and eating to be called an ADU. This makes ADUs self-sufficient houses.
You can purchase ADU kits to add an asset to your property. Many people use tiny home kits to optimize their traditional American homes by setting up an ADU. There are several benefits of installing an ADU on your property:
- Increases Property Valuation
An ADU will be a wonderful addition to your plot if you have plans of selling property in the future and wish to get a high price for it. Because of its positive impact on the property’s resale value, some people buy affordable tiny house kits to construct an ADU themselves. Potential buyers will be interested in your property even if they do not plan to use the ADU personally. This is because they can rent out the ADU and earn additional income out of it.
- PG Accommodations
Your guests would prefer to have their private space when they come to stay over. ADUs can provide them with separate living rooms, kitchen spaces, and bathrooms. This way, they can maintain their privacy while living with your family. Such a living arrangement also ensures that you are not disturbed by your guests’ schedules. ADUs are an ideal solution if you are not comfortable with guests moving about your space.
- Rental Income
An ADU can help you to earn rental income as well. According to your needs, you can formulate a long-term or short-term income plan for your ADU. Having these houses are an excellent idea if you stay in a vacation destination or someplace that draws in tourists all year round. You can use services like Airbnb to rent out the ADU at the best rate. The rental income generated can help you cover a considerable portion of the mortgage every month. Before planning out your strategy, you should look at your area’s rental programs.
- Low-Cost Housing
An ADU can offer a living area to your older child who is not financially able to move out yet. Even if your child has started earning, having a low-cost housing option will help him save money in the current pandemic. An ADU can help them retain their independence without incurring avoidable expenses.
- Work From Home
In this pandemic, many people have resorted to working from home. You might have children interrupting your Skype or Zoom meetings. By working from your ADU, you can block out all the noises and disruptions that distract you from your work.
- Points To Remember
ADU real estate is becoming popular nowadays as it provides homeowners with the chance to use their existing property to generate passive income. However, before you decide to build an ADU on your property, you need to consider your area’s zonal laws. If you have never built or owned an ADU, these laws can be confusing to understand as they differ from city to city. For instance, it is mandatory for ADU-endowed properties to be owner-occupied in some jurisdictions. Also, you might have to pay higher property taxes if you have an ADU on your plot.
You can purchase BOSS’s ADU kit if you have sorted out all details and are ready to build an ADU on your property. Their shells make setting up the ADU hassle-free and faster. You will require only two people and three days to assemble your unit.