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Is a tiny home ADU worth it?
How can I figure out if building a tiny home ADU on my property is a worthwhile investment? Will it raise my property value? I'm hoping to rent it out and want to start making a profit quickly.
Asked By Carlton | Portland, OR | 281 views | Investing | 1 year ago
Answer(3)
Jennifer Parral
Oregonfirst
Always! Any feature that is added has value. As long as the addition is permitted and approved. I would definitely check with the city, about renting it out as well. But if you get the approval, I personally would go for it!
- 2 months ago
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Salvador Armijo
Carnaval Realty
There is no question regarding the added value when building an ADU. The most obvious is the additional space you will gain upon the completed project. Also on the value you will gain due to the price per square foot of the newly added living area, and needless to say also the income value should you lease the ADU. So, yes, there is value to adding an ADU to an SFR.
- 1 year ago
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Keith McMullin
Port Aransas Realty - Keith McMullin
An ADU provides an additional, separate living space that can be rented out short-term or long-term. Vacation rentals like those on sites such as Airbnb or VRBO can target short-term guests, increasing income potential during high-demand travel seasons. Of course the rental income can also provide some tax advantages in addition to increasing long-term property value.
- 4 weeks ago
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