Converting a single family home to include an Additional Dwelling Unit is an excellent strategy to create immediate cash flow and boost long term value.
Doing them legally ensures that you remain in good standing with the City and your community. More importantly, it ensures that they are safe, well-built, and healthy places to live.
Financially speaking, by renting the ADU, your renter is effectively paying down your mortgage allowing you to live for free!
In addition – the value of your home increases as it is now considered as a multi-unit dwelling instead of a single family home.