As our parents, in laws, or other family members get older, it is only natural to want to care for them. With rising costs associated with assisted living facilities, it is now a better idea to invest your money in building an in law suite for your loved one. An in law suite allows your loved ones to be close while also giving them independence. An in law suite floor plan often resembles a small apartment.
Here at My ADU, we believe that your family deserves the very best. That is why we build the very in in law suites while also providing a quick and seamless experience for you. You have enough to worry about caring for a loved one; let us take care of the entire ADU building process.
If you want to learn more about in law suites we are here to help. Our experienced and professional staff will walk you through the entire ADU building process and work with you to ensure we build you the in law suite you will love.
The Benefits of Building an In-Law Suite
The benefits of building an in law suite go much further than providing a home for your loved ones. Here are some of the other benefits that come with building an in-law suite.
Mother-in-Law Suites Can Add Value to Your Property
Building a mother in law suite as an ADU can earn you a great deal of money if you ever decide to sell your home. On average, a mother in law suite that can be rented out can add an additional 7% to 10% to your property. Not only will the added square footage add value to your home, but potential buyers with large families will be more inclined to purchase your property.
An In-Law Suite Provides Tax benefits
Depending on where you live and how you utilize your ADU, an in law suite can come in handy during tax season. For example, if you use your in law suite as an office, you could qualify for the home office tax deductions. Additionally, if you are charging rent for your in law suite, you can receive tax deductions on repairs, depreciation, insurance premiums, and repairs.
In Law Suites FAQ
Can I Rent My In Law Suite?
Yes, you can rent out your In Law Suite. However, it is important to know that laws regarding renting ADUs can differ from county to county, so it is important to check with your local communities before beginning the renting process.
How Big Can I Make my ADU?
The size of ADU you are eligible to build depends on a few different factors. The City or County you live in requires your ADU to be based on a percentage rate of your Main House. This percentage is typically 40% or 50%, depending on the jurisdiction you live in. There is also a maximum allowable size that an ADU can be, and this also depends on the City or County jurisdictions codes. If you are interested in knowing what size of ADU is permitted on your property, please let us know and we would be happy to gather that information for you in our Property Report Form. Here at My ADU, we ensure that the ADU we design and build is up to code in the city or county you live in.
How Much Does an In-Law Suite cost?
My ADU has several models in varying sizes and shapes to fit most lots and budgets. This price includes all permits, installation costs, utility connections, trenching, appliances, and finishing touches. My ADU is a very cost-effective option for adding a rental property or additional living space for family to your existing home.