Top 6 incredible benefits of having an accessory dwelling unit (ADU) on your property

There are many incredible benefits to having an Accessory Dwelling Unit, or ADU, on your property. If you're not familiar with the term, an ADU is a small dwelling unit that can be attached to or separate from your main house. They can be used as guest rooms, offices, studios, or rental units. Here are just a few of the top benefits of having an ADU on your property:

1) Increased rental income - If you have an extra bedroom or studio in your house that isn't currently being used, you can convert it into an ADU and rent it out for extra income.

2) Increased home value - An ADU can add value to your home by providing more living space. In some cases, it can even be used as a "granny flat" and act as additional living space for aging parents or grandparents.

3) Tax deductions - You may be able to deduct some of the costs associated with building or converting an existing structure into an ADU from your taxable income.

4) Flexible use - An ADU can be used for a variety of purposes other than just as a rental unit. It can serve as office space, a studio for artists or musicians, or even a place to store excess belongings.

5) More options for downsizing - If you're looking to downsize but don't want to give up all of your living space, an ADU provides a great compromise. You can still have some independence and privacy without having to live in a tiny apartment.

6) Increased sustainability - By providing additional housing options within one's community, ADUs help reduce sprawl and promote sustainable development practices.

At cohostmyplace.com, we help you turn your ADU into a sustainable income-generating unit. We onboard your listing on the leading platforms and manage communications, dynamic pricing, cleaner and maintenance scheduling as well as booking inquiries. All these are for a percentage of revenue. We only get paid when you make income. So why lose revenue instead of earning revenue with your ADU?

The benefits of having an ADU on your property are clear. Not only can you increase your rental income by converting unused space into an ADU, but you can also add value to your home and get possible tax deductions in the process. So what are you waiting for? Start listing your space today!

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