This Detached Casita is modern, roomy and comfortable.
ADU’s in California. I love the idea of additional dwelling units! Why not? It makes logical sense because California, like so many other states has a housing problem. There are more people looking to buy, than there are sellers looking to sell right now. That translates to low inventory, which often means the price gets driven up because buyers end up going after the same home. ADU’s in California make sense. Local Coachella Valley resident and realtor, Kim Kelly 760-285-3578.
Accessory Dwelling Units (ADU) in California
There are an estimated 1.5 million ADUs, or Accessory Dwelling Units, in the United States. ADUs have been growing by 9% or 100,000 per year and each year the number is increasing.
California is home to 30% of the ADUs in the United States and Los Angeles has the most of any city. Homes with ADUs are priced 35% higher in value on average.
The primary engines driving the growth of ADUs are lack of affordable housing, income opportunities, and the need to care for family members while maintaining independence. In addition, cities and states have passed legislation impacting their legality to encourage growth.
The average size of an ADU is generally 550 to 1,200 square feet. For financing purposes, they must contain a kitchen with a stove, a bathroom, sleeping area and a separate entrance from the primary home. The cost in California to build an ADU is estimated between $200,000 to $400,000.
Due to the cost of an ADU most homeowners require financing. The most common methods used are a Home Equity Line of Credit, or HELOC, a Home Equity Fixed Rate Loan, or a Cash Out Refinance. Certain renovation loans are also available with specific restrictions. (Courtesy of Kevin Budde, Monarch Lending) Take a short tour of this Indio Hills home. I did a walk video from the upstairs sky deck of the ADU.
