San Francisco has long been known as one of the most expensive housing markets not only in the Bay Area but also in the nation. Built on a peninsula, the city has nowhere to grow, but its popularity as a cultural hub and global center of economic activity has attracted a population of 815,201 as of 2021. The average rent for a one-bedroom apartment in San Francisco is $3,554, and the median home price is $1.4 million. Thankfully, changes to housing legislation in California are now making it easier for homeowners to build accessory dwelling units (ADUs) to increase the supply of available housing in one of the toughest housing markets.
Homeowners can construct an ADU for a variety of reasons. It can be the ideal solution to provide independent living space for an elderly family member or for a returning college graduate priced out of the local market. In other cases, homeowners use an ADU as an extension of their primary residence. For example, they might create a dedicated home office for remote work, a studio or gym, or a home theater space, as a more practical way to gain square footage than trying to buy a new home in an expensive, fiercely competitive market.
As a financial investment, an ADU can be a source of income as a rental unit. With its own entrance, kitchen, and bathroom, an ADU has a clear separation from the main dwelling. However, before building an ADU as a rental, homeowners should familiarize themselves with local restrictions on short- and long-term rental of ADUs in their neighborhood. San Francisco is known for having stringent requirements for short-term rentals.
Whether you envision adding an ADU for personal use or for generating income, it’s an investment that adds value to your property when done well. While an ADU can’t be sold independently of the primary home, a properly constructed ADU boosts your resale value considerably.
If you have approved architectural plans in hand and need a reliable contractor to get the job done, Hometelligent has the expertise to build your ADU to the right specifications on time and within budget. If you have an idea of what you want but not a plan, we can introduce you to our network of architects, who can help.
With decades of experience as ADU contractors in the Bay Area, Hometelligent delivers top-quality work, clear communication, and a smooth construction process on every project we undertake. We have successfully navigated San Francisco ADU construction requirements and that of communities throughout the Bay Area on a multitude of projects throughout the years. If you need help with an ADU project, contact us here.
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