You Should Build An ADU In Los Angeles.
Additional dwelling units are popping up all over California. Many cities within the state have encouraged their development, including LA. If you are on the fence about whether you should build one or not, here is why you should build an ADU in Los Angeles.
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1 New ADU Laws
The state of California has implemented various laws to encourage ADU development. As a part of these laws, many grants have become available to California residents. Also, many cities have developed their own programs to facilitate ADU development.
The Los Angeles Department of Building and Safety (LADBS) launched an initiative called the Accessory Dwelling Unit Standard Plan Program. This initiative provides pre-approved plans for ADUs. As a result, the permitting process became a lot faster and more affordable. You also get to save money on designer and planning fees since you are using plans that are already created.
2 Combat Housing Crisis
By building an ADU, you could help combat the growing homelessness problem by providing an affordable place to live for low-income individuals.
Most people who live in LA put 37.8% of their monthly budget towards housing. This extremely high percentage makes it hard for most people to afford a place to live. By building a small unit that won’t cost as much as a regular apartment or home, you are offering a place for families to live to keep them off the streets.
3 Extra Income Opportunity
By renting out your ADU, not only do you get to feel good about helping your community, but you also get to gain passive income by doing so. The extra income you make from renting your unit can go towards paying off your mortgage, car, or student loans. It can be a great way to help you get ahead financially.
4 Increased Property Value
Another huge advantage of building an ADU is that your property value will go up. This is great if you plan on moving anytime in the future. You will be able to list your home at a much higher price and rent out your ADU to bring in income until you’re ready to sell.