While today’s housing and real estate market is booming for sellers, it can be increasingly difficult for individuals and families to access affordable and temporary housing. Even those looking to enjoy a little extra space for a vacation or transition period may find it difficult to find homes available.
However, the lack of available spaces has opened up opportunities for those with accessory dwelling units (ADU) on their property. A separate, secondary housing unit that is situated on a property, an ADU offers a variety of benefits to both the owner and renter.
From offering private and personal space to friends and family who are visiting to making extra income on rentals, an ADU is a great way to take advantage of available space on your property and build a small dwelling unit that is fun and easy to maintain. The popularity of ADUs has grown exponentially recently, and more homeowners than ever are looking to take advantage of these small money-makers.
Wondering if building and maintaining an ADU is right for you? At Ridge Construction, we help Colorado property owners design and build ADUs every day, and we have helped many discover the benefits of these small dwellings. Here are four reasons why you should consider investing in an ADU on your property:
1. Using Your ADU For Extra Income
One of the primary reasons that so many homeowners are choosing to build ADUs on their property is the potential for earning extra income. Not only can ADUs offer long-term rental potential, but the rise in popular rental services such as AirBnB, VRBO, and others have increased the revenue potential for high-quality rental spaces.
With the extra income that you bring in through an ADU, you can pay off debt, save for future expenses, and enjoy benefits such as vacations and home renovations. The limit to your revenue-earning potential is only limited by your creativity.
2. You Can Optimize The Space You Already Have
Want to build on your property, but not sure how to use your available space? The popularity of ADU housing has exploded as homeowners have discovered how little space these units take up.
If you want to offer personal space for friends and family, or are interested in leasing out a private space for renters, an ADU is one of the best ways to build a fully-functional dwelling unit without taking up extra space on your property. Even the most space-efficient ADUs offer fantastic amenities such as kitchen, plumbing, and more!
3. ADUs Are Eco-Friendly Housing Options
More than ever, ensuring that your building projects protect and add benefits to the environment is essential. The beauty of building an ADU is the minimal impact that development and construction has on the environment and property. ADUs take up much smaller space and produce far lower emissions than other housing options. Just another reason to consider building an ADU on your property!
4. Increased Hosting Flexibility
Not only can you make a nice income by renting and leasing your ADU, but having this unit on your property opens the doors to brand new flexibility for friends and family. Rather than giving up space in your home to fit everyone in your home, offer your ADU up to those you are hosting to give them the private, personal space they desire!
Build Your Dream ADU With Ridge Construction
There are plenty of reasons why building an accessory dwelling unit can bring you increased property value, income, and fun. Once you’ve decided to build an ADU on your property, the next question is “Who can build an ADU for me?”
At Ridge Construction, ADU design and implementation is our bread and butter. As a leading ADU contracting firm in Colorado, our team of skilled and experienced construction experts know how to build ADUs that fit property owner’s expectations for desired outcomes.
From start to finish, the Ridge Construction team will help you design, plan, and build the ADU you have always dreamed of. From construction to fit the available space properly to adding value to your property’s landscaping, Ridge Construction will work hard to build the perfect ADU for your property.
Want to learn more about building a profitable ADU on your property? Contact the team at Ridge Construction today, and discover why we have become Colorado’s premier construction team.