Despite the popularity of accessory dwelling units, the value one adds to a property can be difficult to calculate. Usually, the only time you’ll know for sure whether it is a good investment or not is when you finally sell the property. Nevertheless, it’s also going to depend heavily on your financial situation and goals as an investor.
Keep reading as J. Bryant Boyd Architect Design-Build breaks down the most important considerations you should make before consulting design build firms regarding accessory dwelling unit (ADU) construction.
Are ADUs Worth the Cost?
Investing in an ADU is only a practical move if you’re allowed to build one in your area. Check your local building codes so that you’ll know the rules you have to navigate if you can build this type of structure. A property with an ADU that’s noncompliant with local codes will be difficult to sell. Worse, you’ll likely pay fines or be asked to remove the ADU.
Local zoning ordinances will help you determine if additional on-site parking is necessary. These rules also include restrictions on the location of a detached ADU and the list of attached unit types you are allowed to build. Be sure to keep these factors in mind before enlisting home remodeling services for your ADU project.
How Much Will It Cost?
When assessing the cost of your ADU, you should consider the size and type of the unit you plan to build. For example, detached ADUs could cost as much to construct as a small house while attached ADUs are less expensive. A prefabricated ADU is another more affordable option. You should also get bids from multiple contractors with ADU experience so you can get a good estimate.
However, remember that there will be other expenses on top of the actual building costs. These include land use permits; additional design and financing costs; and professional fees for your engineer, surveyor and/or attorney.
Are you looking for a team that can build an ADU? J. Bryant Boyd Architect Design-Build has the experience and skills needed to provide you with exceptional custom home building services. Call (512) 930-1686 or complete our contact form to get started. We serve clients in Round Rock, TX, and nearby areas.