Prior to the recently passed law SB-1069, converting garages into accessory dwelling units were a much harder thing to legally accomplish.
Purpose of SB-1069 for Accessory Dwelling Units
This law was passed in order to provide additional low cost housing options for home renters. In addition, the law is also beneficial to homeowners due to the fact that it provides the opportunity to make additional income.
Are you wondering, how can garage conversion can be profitable? There are various reasons how converting a garage can be profitable. The main way it adds additional income for property owners is due to the fact that they can now convert their garages into these new living spaces that can be rented out.
This is a win win situation for renters and landlords due to the fact that renters can save money as a result of affordable rent for these ADUs, while landlords can make extra money as a result of them.
Accessory Dwelling Unit Benefits Overview
- Provides additional low cost housing options for renters.
- Provides additional income for property owners.
Accessory dwelling units benefit the economy mainly for these reasons. Increased amounts of people get to save money while at the same time an increased amounts of people get to make extra money. This creates economic efficiency and has a positive impact on the economy.