Accessory Dwelling Units (ADUs) also known as "Granny Flats" are an additional single or dual dwelling unit that is built on a property without subdividing into separate lots. While some San Diego residents choose to add an ADU for extra space or a home office, many are seeing the benefit to creating a rental until. Here's a list of 5 benefits to having a rental unit in your backyard:
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- Additional income:
Renting out the unit can provide a steady stream of additional income for you and your family. - Flexibility:
You can choose to rent the unit out full-time or just occasionally, depending on your needs and availability. - Increased property value:
A rental unit can increase the value of your property, especially if it is well-maintained and in a desirable location. - Tax benefits:
Depending on your situation, you may be able to claim certain tax deductions for expenses related to the rental unit, such as mortgage interest, property taxes, and repairs. - Extra space:
Even if you don't want to rent out the unit, you can use it for additional storage, a home office, or a place for family and friends to stay when they visit.
Related Article:
How ADUs will help San Diego's housing crisis