An accessory dwelling unit (ADU) can be a great way to add value to your property and provide additional income. However, the construction and maintenance of an ADU can also be a significant financial investment. Here are some practical money-saving techniques to consider when building and maintaining your ADU:
1. Shop around
Shop around for materials and labor: Don’t be afraid to negotiate with contractors and suppliers to get the best price on materials and labor. Don’t be afraid to shop around and compare prices from multiple vendors.
2. Consider energy-efficient features for your ADU
Consider energy-efficient features: Adding energy-efficient features to your ADU can save you money on energy bills in the long run. Consider installing energy-efficient windows, appliances like water heater with heat pump, mini-split heater/air conditioner and insulation to reduce your energy consumption.
3. Reclaimed materials
Use reclaimed materials: Reclaimed materials, such as recycled windows or salvaged wood, can be a cost-effective and eco-friendly option for your ADU. These materials are often less expensive than new materials and can add character to your unit.
4. Simple design of an ADU
Choose a small, simple design: Keep your ADU design simple and small to save on construction costs. A smaller unit will also be easier to maintain and heat or cool.
5. Rent out your ADU
Rent out the ADU: If you plan on using your ADU as a rental unit, you can offset the cost of construction and maintenance by renting it out. Just be sure to do your research and set competitive rental rates.
There are plenty of property management companies you can work with, such as Intempus Property Management or even AirB&B.
6. Utilize the space
Utilize the space efficiently: Make the most of the space in your ADU by using multifunctional furniture and utilizing vertical space with shelving and storage. This will allow you to have a comfortable living space without having to spend extra on square footage.
7. Do some of the work yourself
If you have the skills and time, consider tackling some of the work yourself to save on labor costs. Just be sure to only take on tasks that you are comfortable and capable of handling.
If you want to save bucks on your ADU construction, I can help. Let talk and discuss options.