New ADU law now allows Californians to create and sell as a separate property, whereas previously they were only rental properties.
Accessory Dwelling Units have been allowed for several years now, and were created under state law.
"ADUs come in all shapes and sizes — for example, a converted garage, a small home in the backyard, or, as often seen in San Francisco, an unused portion of the main house, said Assemblyman Phil Ting (D-San Francisco), who drafted the legislation.
"Under AB 1033, which was signed into law this week, property owners in participating cities will be able to construct an ADU on their land and sell it separately, following the same rules that apply to condominiums. It gives homeowners more options for building on their property, and “the hope is, it would create more homeownership,” said Ting."
The idea is that this may allow more affordable homeownership including existing owners who could move into a rear property while renting out, or selling, their existing home.
This has been successful in several other states, and in California, each city will be opting in to the plan in order for it to be an owner option locally. Interested parties need to go to their local government to discover current plans for this owner option, and follow the local guidelines to create an condominium-style ADU. For a recent article on this ADU law, go to the link.
Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996
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