Backyard home = ADU
An ADU (Accessory Dwelling Unit) is a permitted, separate dwelling structure. Think of it as a second home on your property. As of 1/1/20 California passed legislation to make building ADUs easier than ever.
RENTAL INCOME
Make $500-$1000+/month profit by renting out your Realm ADU. Unlike other real estate investments, you don’t have to buy any land, you already own it.
MORE SPACE
Aging parents, adult children, visitors, or a private office/gym. Your family and needs change, an ADU offers a flexible solution.
Increase Home Value
Realm can increase the value of your home from $100,000 – $300,000+. Use this equation to calculate the value Realm can add to your home.
Legislation
AB 68 (Assembly Member Ting)/AB 881 (Assembly Member Bloom)
Processing Timelines and Ordinance Prohibitions. Did away with minimum lot size requirements, maximum ADU dimensions, and off-street parking requirements.
SB 13 (Senator wieckowski)
Owner-Occupancy Prohibitions and Fee Limitations. Until 1/1/25 individual cities are prohibited from imposing impact fees on ADU’s less than 750 sf. Cities also may not require owner occupancy of either unit.
Ab 670 (Friedman)
Prohibits Homeowner Associations (HOAs) from unreasonably restricting ADUs.
COMMUNITY IMPACT
Rents have skyrocketed as demand for housing has outpaced supply. People can’t afford to live near the best schools, jobs, and transportation. How do we fix this? Create more housing supply. ADUs let homeowners generate passive income and increase the supply of affordable housing.