As states implement better zoning policies, accessory dwelling units (ADUs) are becoming more popular as affordable housing options. ADUs can be rented out for extra income and now can be legally converted and sold as condos. Lenders can also consider estimated rental income from ADUs when underwriting mortgages.
at affordable options for homebuyers, accessory dwelling units — or ADUs — have become increasingly popular amongst residents of states facing prolonged"Now, it is becoming easier as the weeks and months go on, as municipalities combine with better zoning policies on the state level to effectively get an ADU in your backyard," Koenig says, referencing California's AB 1033 bill.
Now, it is becoming easier as the weeks and months go on, as municipalities combined with better zoning policies on the state level to effectively get an ADU in your backyard. It historically has not been easy. I think with the new FHA policy on financing, it obviously opens up access on a much broader level because you can qualify your income for the underwriting. And of course, with California Bill 1033, I think other states will follow, like, again, Seattle or Washington already did.
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