Building an Accessory Dwelling Unit (ADU) can be a great way for homeowners in Los Angeles to save money in the long term. Here are a few ways that an ADU can help homeowners save money:
Additional income: One of the main ways that an ADU can help homeowners save money is by providing additional income through renting out the unit. This can help cover the cost of the mortgage or provide extra income to help with other expenses.
Lower housing costs: An ADU can also help homeowners save money on housing costs. Instead of buying or renting a separate property, an ADU can provide a space for adult children or aging parents to live independently while still being close to family.
Tax benefits: Building an ADU can also provide tax benefits to homeowners. In some cases, homeowners may be able to claim a portion of the costs of building an ADU as a tax deduction.
Energy savings: ADUs can also help homeowners save money on energy costs. They can be built to be energy efficient, and as a result, they can help to lower utility bills.
Maintenance and repair savings: An ADU can also help homeowners save money on maintenance and repair costs. Instead of having to maintain and repair a separate property, homeowners can keep these costs to a minimum by sharing them between the main house and the ADU.