You may want to consider taking advantage of the change in State law which made it easier to add a second house, called an Accessory Dwelling Unit (ADU), to your residential zoned property.
In case you missed them live, check out our ADU webinars here!
Learn the basics on building an ADU from idea, plans, permits, construction, financing, tax benefits and even appraisal/value information from San Diego's top subject matter experts.
Often called 'granny flats', Accessory Dwelling Units (ADUs) are smaller, self-contained living spaces located on the same property as a single-family home. These units can provide affordable housing options for family members, friends, students, the elderly, in-home health care providers, the disabled, and others.
ADUs can be attached to the main house, like an above-the-garage unit or a basement apartment, or they can be independent structures such as a cottage or carriage house.
Adding an ADU to your property offers several benefits. Whether it's an apartment over the garage, a tiny home in the backyard, or a basement apartment, an ADU can provide additional space for a growing family or generate rental income.
Provide a clean, comfortable, private space for visiting guests be they friends or family
Generate passive income by renting out the additional living space to a tenant
Gain immediate equity in your home, as you can typically build an accessory unit for a lower cost per square foot than what is typical for San Diego property values