
Apr
A New Way of Living: The Benefits of Building an ADU in Oregon
The lack of housing supply has been a persistent issue in some of the US states, with major metropolitan areas requiring significantly more housing units than what has been added in recent decades. This has resulted in increased housing costs and affordability issues, particularly for renters and low-income families. However, Accessory Dwelling Units (ADUs) have emerged as a viable solution to address this problem.
Accessory Dwelling Units (ADUs) have become a popular choice for independent living in Oregon, especially with the recent changes in ADU laws. In June 2021, the Oregon Legislature passed SB 391, allowing owners of lots or parcels in rural residential zones to construct one ADU with certain restrictions and limitations. ADUs are becoming increasingly popular among homeowners, builders, and developers alike, as they offer an affordable option for increasing housing stock without requiring a large investment in new land. This trend is particularly evident in Oregon and Florida, where many people are opting to build ADUs in their backyards and turning them into rental properties or second homes.
Discover the top advantages of building an ADU on your property, from rental income to accommodating family and friends.
Provide Accommodation for Family and Guests
An ADU is a great solution for hosting friends and family who need privacy and comfort while visiting. It provides them with a comfortable bed to sleep on and their own space to relax.
Help Your Adult Children Get on Their Feet
ADUs provide an affordable living solution for adult children who are struggling to find affordable housing. With the rising costs of housing and student loan debt, building an ADU is a cost-effective way to help your children save money while they get on their feet.
Create Your Dream Workspace or Workout Space
ADUs provide the ultimate home office or workout space, especially for those living in urban areas. Whether it’s for meditation, yoga, or as a therapy session room, an ADU provides privacy, tranquility, and an escape from the noise of the city.
Generate Steady Income by Renting Out Your ADU
Build an ADU to rent out as a separate living space and earn extra cash. With its own entrance, kitchen, bathroom, and bedroom, tenants can enjoy a home-like environment without having to
commit to a long-term lease agreement. This creates an opportunity to earn passive income, which is perfect if monthly or short-term rental payments are more convenient for both parties.
Affordable Housing for Elderly Relatives and Caretakers
Building an ADU for aging parents is an affordable way to keep your loved ones close while still giving them their own space. It’s also a great option to give senior family members the opportunity to still live independently while having someone close by in case they need assistance.
Enhance the valuation of your real estate asset.
Building an ADU or converting your garage into one can increase your property’s resale value. Potential homeowners are willing to pay more for properties with ADUs attached because they offer increased flexibility, privacy, and lower monthly living expenses.
Your Path to Affordable and Hassle-free ADU Construction with OnPoint Development LLC
Unlike other ADU builders, OnPoint Development LLC offers transparent pricing with permits included in the construction cost. With no hidden fees and a commitment to quality, you can rest assured that your ADU construction will be a smooth and stress-free experience. So if you’re interested in building an ADU in the Portland, Lake Oswego, or West Linn areas, don’t hesitate to contact OnPoint Development LLC and start enjoying the many benefits of having an ADU on your property.
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