An ADU (also referred to as a backyard home, granny flat, in-law suite, guest house, back house, etc.) is a separate living unit complete with its own entrance, living space, kitchen, and sleeping areas.
An ADU is the most convenient way to increase the living space on your property. In addition, it is the most cost-effective way to increase the value of your home. An ADU can be rented out for monthly rental income or a house for a family member. There are a lot fewer restrictions (lower permit fees, more precise parking requirements, fewer building restrictions, etc.) for building ADUs than conventional additions.
Among others, we mention the 9 more common (Home Equity Line of Credit (HELOC), Home Equity Loan, Cash-Out Refinance, Renovation Loan, Construction Loan, FHA & Fannie Mae Loans, Family and Friends loan, Credit Card or Personal Loan, Retirement Accounts.
An ADU must comply with all zoning code provisions for the primary residence, including height, setbacks, and open space. Applicants need to know if the unit is eligible according to the local standards. These should be checked with your local government officials to determine the standards you should follow for the unit construction.
Yes! Your garage can be legally converted into an ADU. Other options include keeping your garage and adding a second-story ADU to your garage, or leaving your garage as is and building a new detached ADU, and several other options.