In California, You Can Now Sell Your ADU
The state just passed a new law to increase housing stock and homeownership with backyard homes.
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The state just passed a new law to increase housing stock and homeownership with backyard homes.
A new law gives homeowners the option to construct ADUs and sell them like condominiums, increasing the prospects of homeownership.
A new law gives homeowners the option to construct ADUs and sell them like condominiums, increasing the prospects of homeownership.
Fully permitted accessory dwelling units are so new, appraisers say, there's too little information to say with much certainty how much value they add to a home.
The Federal Housing Administration is proposing to let lenders include future rent from an ADU when calculating how much a borrower can receive in an FHA-guaranteed loan. That would be a major shift.