A Granny Flat Can Bring a 15x Return on Investment
Granny flats can bring a 15x return on investment over a 30-year period. Meaning, that a $100,000 investment can turn into $1.5 million in revenue.
Plus, adding a granny flat to your property dramatically increases your property value.
What would you do with an additional $20,000-40,000 a year?
Average Rent per Month:
San Francisco: $3,552
San Diego: $1,887
Los Angeles: $1,730
Riverside Granny Flats helps homeowners maximize their property through the construction of a granny flat (accessory dwelling unit). Whether you’re trying to keep family close, or looking for financial security California Granny Flats helps you get there. California Granny Flats connects homeowners education that makes planning simpler, research more pleasant, and construction more efficient. We can recommend vetted professionals like general contractors, architects and lenders as well as one-on-one guidance as your project progresses.
So you’ve decided that now is the time to just do it. You’ve thought about doing it forever, made idea boards, fantasized about the potential financial benefits, but now you’re serious; you are going to build an accessory dwelling unit. Now what?
Many homeowners are excited about building a granny flat but aren’t sure where to start. Schedule a call with a project strategist who can help you evaluate your project and give you actionable steps to support you. You’ll finish feeling more confident about achieving this financially savvy investment.
What is a Granny Flat?
- Exist on a single family property
- Contain a living space, bathroom and kitchen
- Are significantly smaller than the main house
- Come in several structural forms
Granny flats are becoming more popular options for smart homeowners looking to maximize their properties.
Riverside Granny Flats
There are a lot of reasons why the tiny house movement is taking off in California. In a state where rents and housing prices are extremely high, many young professionals and older adults like the idea of the savings a smaller house offers.
Since tiny houses are usually registered as either RV’s or mobile homes, they are exempt from many of the taxes and regulations of standard homes. Plus, there is the versatility of these small abodes. With less living space, that means less house to maintain. Many people love the flexibility of being able to travel and not being tied down to a large house.
Whether it is the savings a small home offers or the flexibility they provide, tiny house dwellers are enjoying life unencumbered – and that is a benefit many are enjoying.
Benefits of Tiny House Living in Riverside
No one gives up the luxury of a full size house without experiencing some benefits. As the tiny house craze sweeps through Riverside, many are realizing the benefits of scaling back their lifestyles – and their homes.
They are environmentally friendly: many tiny homes sport solar panels, rain water systems and other environmentally conscience amenities. This can lower a homeowners impact on the world considerably, making it a great option for the environmentally conscience homeowner.
They use less energy: the smaller the home, the less energy it is going to use
They are easier to clean: who wouldn’t love to clean their entire house in less than an hour? Many tiny houses take even less time
They take little maintenance: one of the biggest stresses on a homeowner is the ongoing maintenance a large home requires. Tiny houses make upkeep simple and easy.
Deciding Where to Plant Your Tiny House in Riverside
There is a lot of freedom to owning a tiny house in Riverside; but there are also some rules and regulations that homeowners need to be aware of. First, many cities do not permit tiny houses unless they comply with standard building codes and size requirements. This means that tiny houses in larger urban areas must be built on a foundation; be more than 500 square feet in size; and have all systems inspected by a city inspector or codes enforcement officer. In some areas, tiny homes can be placed in the backyard of an existing home if it will be used primarily as an in-home office e; in-law suite or guest house.
More rural areas of California tend to a bit more tiny house friendly than urban areas, but may still have restrictions. It is always best to check with your local zoning office before planning to place a tiny house on an existing lot or property.
Consider asking local zoning offices about installing tiny homes in cities across California such as:
We Build and Sell ACCESSORY DWELLING UNITS that are built to Federal and Local Code only!
Some Tiny Homes as seen on TV are actually Park Model RV’ and less than 400 sq ft , built to an RV code and are NOT allowed as a full time residence on the majority of properties in California.
We do not sell these units.