Due to the pandemic, it can be very difficult to figure out what investments you should make and how you should use your money wisely. A lot of people believe that it is smart to invest in real estate right now, and while in some regions it might work, for the most part it can be very difficult and full of challenges and risks. What you really need to do is to assess the situation and see what type of approach you can have. For the most part, adding an accessory dwelling unit (aka ADU) is a much better idea, as you will realize below. ADORE Homes developed the best investment approach to acquiring and installing an ADU in your backyard.
An ADU helps transform your life and take it to the next level
One of the best things that come from having an ADU is that you get to have more living space in your backyard. The accessory dwelling unit is easy to install, you don’t have to worry about dealing with a lot of mess, noise, complaining neighbors or anything similar to that. Instead, you get to have more living space, rental income and instant increase to your home value. You just make the decision to work with ADORE Homes and we will take care of everything. The results can be great, and you will be very happy with the way it all comes together here. This is our expertise and we are very passionate about it.
Imagine being able to bring your parents closer thanks to your new ADU or keeping your young college graduate nearby is nothing less than astonishing in this current economy, plus realizing appreciation of your property value makes the ADU a very smart investment. As such, you are getting amazing benefits in multiple facets, which is what makes the ADU one of the best investment decisions you can ever make. You should definitely consider it right away. Especially nowadays when the interest rates are historically low.
Managing the accessory dwelling unit is a lot easier
Let’s face it, after you buy a new investment property which is not right next to you, the overall management tasks and costs are very challenging to deal with. Most often you are going to spend a lot of money on proper management of the property, and that alone can be very difficult and costly. Figuring out how to handle everything appropriately can be a very good idea, and it’s exactly the thing that you want to pursue the most. You will find the accessory dwelling unit to be very easy to manage, you don’t really have to do much other than have it built and then customize it properly according to your own needs.
Much better ROI
By adding more built square footage to your property, the accessory dwelling unit will help increase the value of your property, and that means whenever you sell your home, you can ask for more money. Plus, it is much cheaper to add an ADU when compared to buying real estate properties in a different city or state. That makes a lot more sense, and the value itself that you will receive is a lot more substantial than you imagine. It is the right approach, and the return on your investment (ROI) alone can be among some of the best available in the real estate investment asset-class.
You get to keep your family together
One of the reasons why people create an accessory dwelling unit is because they want to stay together or be closer to their loved ones. They want to bring their family in and have them enjoy a great living space. ADORE Homes’ offers many units you can choose from depending on your needs. Check out our models. It makes a lot of sense to do that, especially if we consider the Covid 19 pandemic situation. This is a time when having your family nearby matters more than you imagine. That’s why you must tackle this the best way you possibly can, and once you do that, it will be well worth the effort. It’s not a simple thing to achieve, but if you manage it right, then nothing will be impossible and you will appreciate the experience.
Improved privacy
If you create your own accessory dwelling unit, you can focus on your privacy a lot more. The idea here is that you can choose where to add the accessory dwelling unit and that alone can focus on privacy from the start. Our team of experts at ADORE Homes can guide you on the best location for your ADU. It makes a major difference, and you will appreciate the tremendous return on investment you receive this way. Plus, this is a great way to have some space for your projects, for guests or your family coming in to visit you. Regardless of the situation, the options are there and you just have to check out all the new opportunities.
It’s an inexpensive way to create more living space
As we mentioned earlier, the accessory dwelling unit’s ROI is very attractive. The reason why that happens is because you don’t have to spend a lot of money on designing the ADU and its features (both exterior and interior) as ADORE Homes did that for you already. You already own the property, so there are no land/home acquistion costs involved, which would already be very expensive. Plus, you get to choose what materials are used, the size of the accessory dwelling unit and a variety of other information. All of that makes a difference and it brings you the quality and results you would need all the time. Just try to take all these things into consideration, and they will immediately make a major difference.
Land conservation
The integration of an accessory dwelling unit on your property helps with land conservation too. You can opt for a sustainable hosing option, and that will help protect the environment. Plus, you can share that extra living space with your loved ones and people you care about. It can really make a huge difference, and the results themselves can be staggering if you do everything right.
A sense of independence
Another great thing about having an accessory dwelling unit is that you get to have that feeling of independence. You can live your life in your main home, and the ADU can be used to generate rental income. Alternatively, you can move in to your new ADU and rent the main residence to a younger family who needs this extra space. In addition, the accessory dwelling unit can be used to house your loved ones. There are a variety of different uses for the accessory dwelling unit, and all you have to do is to make the right pick and harness all the benefits. You can rest assure it will be a worthwhile experience no matter what you decide.
Energy efficiency
ADORE Homes’ accessory dwelling units are designed with energy efficiency in mind. This can be great if you want to lower the energy costs, and the overall value can be incredible if you manage everything properly. It is all a matter of making sure you use the best and latest technologies when you create the accessory dwelling unit. It helps immensely, and it gives you that sense of value and quality you need in a situation like this.
Backyard homes are very secure
Security is very important for any homeowner, so when you think about adding a new living space, some alarms do pop up in your mind. But the truth here is that backyard homes are known for being extremely secure and dependable. Plus, a lot of people won’t even know you have an ADU in your backyard, so you are getting an extraordinary value while also staying safe at all times.
Conclusion
As you can see, investing in an accessory dwelling unit is a very good idea, and it has the potential to make some major changes. It really helps you achieve tremendous results, and the quality itself can be very impressive. Plus, the fact that you have extra living space is always helpful, and the payoff itself will be incredible. Yes, it will take a bit of time to get used to the idea of adding an accessory dwelling unit, but the payoff alone can be second to none. Add your own accessory dwelling unit with ADORE Homes and you will have no problem accessing all these amazing benefits right away!