For renters struggling with California's high housing costs, a new opportunity has emerged. Assembly Bill 1033 was signed into law, overturning the previous prohibition on selling accessory dwelling units (ADUs) independently from the main residence. This change allows homeowners to legally transform their properties into two- or three-unit condominiums, creating more affordable housing options for residents. 

Selling an ADU separately offers numerous benefits for homeowners. It allows them to unlock additional property value, turning their investment into a significant financial opportunity. By selling the ADU, homeowners can generate immediate revenue, which can be reinvested or used to meet personal financial needs. This option also helps alleviate financial burdens for those facing high mortgage payments or property maintenance costs without requiring them to sell their primary residence.

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Separate ADU sales open doors for first-time buyers by providing smaller, more affordable housing options, fostering community diversity and accessibility. Additionally, this flexibility enhances the market appeal of properties, attracting investors looking for rental opportunities. It also contributes to addressing housing shortages by increasing the availability of independent living units in high-demand areas.

For homeowners, selling an ADU can simplify property management by reducing the need to act as landlords. It offers a tailored approach to property ownership, allowing them to adapt to personal or market needs while supporting broader housing affordability and community development initiatives.

Not all cities in California currently allow the separate sale of ADUs, as implementing such policies requires thoughtful planning and time. However, many cities are in the process of evaluating and updating their regulations, and it is only a matter of time before separate ADU sales become more widely permitted.

Obtaining permits and building ADUs on your property has become a smart investment, offering homeowners increased financial and strategic advantages.

Let LUMIGNUS help you with it.