Many people here in the golden state understand it is incredibly hard to find an affordable place to live. But what many people do not realize is that there are some affordable options for homeowners to provide folks with a place to live right in their backyard.
Some of the reason we are in this crisis in California is because quite simply because of good old supply and demand. If we had more houses and less people then of course things would become more affordable. However, everyone loves San Diego and we have jobs so quite simply we need more houses.
So what can we do to help alleviate this situation for everyone that needs an affordable space to live? ADU's many think including our governor that ADU's are an viable option to increase the housing supply for local residents.
HOW BIG DOES MY LOT NEED TO BE?
Actually there is not a minimum lot size for the unit now in San Diego.
Luckily, AB 881 would impose much easier setback requirements to cope with.
HOW BIG CAN I MAKE MY ADU? CAN I BUILD TWO?
The size of your ADU is going to depend on if you have it attached to your home or if it is a stand alone. The Attached ADU- the floor area. YES! a new law passed where you can build an ADU and a JADU on one lot now.
Attached ADU: The square footage should not be more than 50% of your current home, or up to 1,200 square feet in total. For example, if your house in 2,500 sq. ft., the attached ADU cannot exceed 1,200 sq. ft. in size.
Detached ADU:The detached ADU, can be up to 1200 square feet regardless of the size of you home.
HOW TALL CAN I BUILD IT?
You can make it up to 30 feet. Wow! that's pretty tall where a single story might be 11 or 12 "raw" feet, which is also known as the "slab-to-slab" height, and generally yield a finished interior height of 8-10 feet.
BUT... THEY ARE GOING TO MAKE ME PUT PARKING IN RIGHT?
NO!! A new bill was just passed and those who are located more than half a mile from public transit will still be required to add a parking space, Parking is not required if the companion unit is: 500 square feet or less or Located within half a mile of transit area. Located in a historical resource area Already part of the existing building Located in a residential permit parking district Located within one block of a car share station (what does this mean?) Located within one block of a bike share station
WHAT ABOUT JUST CONVERTING MY GARAGE?
you do not need to replace the parking according to the new law AB 13
DO THEY MAKE ME LIVE IN ONE AND RENT THE OTHER?
NO! The owner does not need to live in the main unit or the companion unit. Both structures can be rented. and the unit can’t be sold separately from the main house. Unless the property is owned by a nonprofit corporation for the purpose of building and rehabilitating single-family or multifamily residences for sale for low-income families, then the ADU is eligible to be sold separately from the primary home to a qualified buyer.
GREAT I WANT TO DO AIRBNB? CAN I??
NO, that's doesn't help our long term housing situation. So, less than 30 days is out! California passed Senate Bill 1069 in an effort to increase the supply of housing to the state. For this reason, any accessory dwelling unit may be used for a long-term rental. Companion units cannot be rented out for less than 30 consecutive days.
WHAT ABOUT MY PROPERTY VALUE? WILL IT GO UP? WHAT'S THE MATH?
According to a website Maxable that specializes in ADU consultation and building.
Property Value (avg value per sq ft) $468
Construction Costs (avg cost per sq ft)$275
(Cost will vary depending on the size of the structure. The smaller you build the higher your cost per square foot will be)
Equity Gained through project $468-275= $203 (Meaning you are gaining $203 in property value for every square foot built)
I specialize in helping new buyers find lots that might be good for developing an adu. Sellers thinking of adding some more equity by adding and ADU?
Give me a call I can help you with both! Looking forward to helping you on this great housing adventure!