How much is an accessory dwelling unit worth? How do we put a price or a value on it? But you can check rough estimate on ADU Cost Estimator. It’s not always easy to know that in real estate, it’s useful to share some of the issues people tend to think through as an appraiser when there is an accessory unit on a property.
When you’re considering options to increase your property value in the market – an ADU is one of the most logical choices. Yet, among the myriad of options and details involved, one question often comes to mind. How much value does an ADU add to your property?
This is quite a hard question to answer with a concrete number unless you work with a professional consultancy that can help you plan every detail, including design work, permits, and even patches in quotes from local contracting companies. And guess what? We’re the consultancy company that will clear every doubt.
How much does it cost to add an ADU?
There are thanmany different types of ADUs, and each one requires a wildly different amount of work. For example, converting your garage into a new space could cost anywhere from $30,000 to over $60,000; whereas, a brand new addition to the home could cost between $50,000 to $100,000, if not more.
How much value does an ADU add?
After getting an idea of what the costs could look like, many people might feel like it all seems like a considerable expense, but an ADU adds value to your life and property. This could come in the form of additional income from renting it out, or even a significant boost to your property’s value. And if you choose the right type of ADU, budget correctly, and have the right team helping you – having that new living space could potentially be one of the best investments you’ll make!
What is the right type of ADU?
When done right, detached ADUs, in particular, have the potential to increase your property value by a whopping 20-30%! Even more astounding, your ADU can give you a practically instant return – we’ve seen some projects add double to the property value compared to the building costs.
The demand for this compact form of accommodation is definitely on the rise, and owning an ADU is definitely a pride now, but getting it right is equally important. Do you have more questions about ADU Construction in Los Angeles? Call us at (310) 974-3174 or schedule a free consultation.