Accessory Dwelling UnitsVaries by location
Contact a Community manager to discuss pricing for in-ground basement ADUs in Vintage floorplans.
For more information, contact Amanda Andruss at 503-969-4939
Smaller footprints, income producing and multi-generational living
Accessory Dwelling Units (ADUs) can be garage conversions, basement living spaces or new detached units. Sometimes called “in-law apartments”, “granny flats”, or “backyard cottages”, these small-footprint infill projects support sustainable, walkable, accessible neighborhoods. ADUs include a separate kitchen, sleeping area and bathroom facilities.
Accessory Dwelling Units Benefits
ADUs provide a number of benefits to communities, homeowners and renters. Most of the attention given to ADUs revolves around their potential for increasing the supply of affordable housing opportunities, ADUs help to address other social issues, particularly those relating to housing options for the growing elderly population.
- Produce Income – simple designs keep construction costs low so that rental income can exceed the debt and generate revenue from your rented ADU. Supplemental income offsets the high cost of a home mortgage, utilities, maintenance and real estate taxes.
- Multi-Generational Living– ADUs offer independent living spaces to meet family needs, but close to the nuclear family. Elderly family members can avoid both the emotional and financial costs of having to move into a nursing home. Younger family members can have a space of their own while establishing their lives and careers.
- Green – ADUs offer smaller footprints and have less impact on the planet. ADUs are ideally located in walkable, accessible locations. Small spaces use less energy, fewer building materials and increase urban density. Renaissance Homes builds our ADUs with all the green, energy efficient features our clients have come to expect – including low monthly utility bills, RainScreen siding and Polar Blanket Insulation.
- Increased Property Value – The addition of an ADU can increase the current and resale value of the property significantly above the initial cost of the ADU. A secondary rental unit can be very attractive to potential buyers. Also, if financed through a mortgage on the property, the interest payments and some of the closing costs are usually tax deductible.
- Companionship, Security and Home Help – Others to keep you company, look after your well-being or help out around the house.
ADUs are a particularly desirable option for many communities today considering the current economic climate, changes in household size, increasing numbers of aging baby boomers and the shortage of affordable housing choices. They provide a low-impact way for a community to expand its range of housing choices.