WHAT’S NEW WITH ADU’S?
What you need to know
In 2024, it is essential to consider the following factors when considering new ADU and JADU buildouts.
As of October 1, 2023, the recently passed bill AB-1033 enables homeowners to sell ADUs and JADUs as distinct condominiums. Bill SB-406, signed September 1, 2023, enables the provision of financial assistance or insurance for the development and construction of residential housing.
WHAT ARE THE BENEFITS?
-
INCREASE IN PROPERTY VALUE, UP TO $500,000
-
PASSIVE INCOME
-
FLEXIBILITY USE, GROWING DEMAND
-
ZONING & REGULATION CHANGES
-
GRANTS OFFERED TO SOCAL RESIDENTS