The Economy Is Tough…You May Have Hidden Wealth—and you may not even have to “work” for it.
ADUs are an answer to inflation. To multi-generational living. And much more.
In California, you can have multiple ADUs on your property. With the new guidelines that became effective in 2020, homeowners are able to build a second ADU on their lot. More specifically, they are able to build one full-size ADU (1,200 sq ft) and one junior ADU (500 sq feet). This means two ADUs generating two streams of income, at the same time increasing the value of the property.
This is also an amazing opportunity for investors already in the field. If you own 5 or 10properties that already bring in revenue, imagine what adding an ADU to each property can do to both the rental income generated as well as the equity of these properties. When one door closes, another may open, and another….