| by Kenneth Chase | 2 comments

Backyard Living: How it could help the housing crisis


>>Reporter: WHAT SOME PEOPLE MIGHT SEE AS A BACKYARD, OTHERS ARE SEEING AS AN OPPORTUNITY TO SOLVE THE HOUSING YARDAGE, ADDING ANOTHER UNIT TO A PROPERTY.>>IT JUST SEEMED LIKE NO BRAINER. I’VE ALWAYS BEEN FINANCIALLY SAVVY. AND SO BEING ABLE TO GET MONTHLY EXTRA ADDITIONAL RENTAL INCOME WOULD ANY HASSLE ON ANY PART JUST SEEMED LIKE A DONE DEAL.>>Reporter: THESE EXTRA UNITS ARE CALLED ADUs OR ACCESSORY DWELLING UNITS. THIS HAPPENED TO BE ATTACHED TO THE HOME. YOU MIGHT KNOW THEM BETTER AS GRANNY FLATS OR BACKYARD COTTAGES. CHANGES IN STATE LAW IN 2016 MADE THEM EASIER TO GET BUILT. SHE SEES THEM AS A WAY TO REIGN IN HER OWN HOUSING COSTS.>>WHAT IT DOES IS BUILD A STUDIO APARTMENT IN YOUR BACKYARD AT NO COST TO YOU. RENT IT OUT AND SPLIT THE PROFITS 50/50.>>HOW BIG ARE THESE AND HOW DOES THIS GET MADE EASILY?>>SO THESE ARE ABOUT 320 TO 450 SQUARE FEET. THEY GET MADE IN A MATTER OF MONTHS AND MINIMAL DISRUPTION TO THE HOMEOWNER.>>Reporter: A HOMEOWNER CAN EXPECT TO MAKE $10,000 OFF THE NEW ADDITION A YEAR. IN 2017, THE MAYOR OF SAN JOSE SET A GOAL OF BUILDING MORE THAN 100,000 AFFORDABLE UNITS BY 2022. THE NUMBER OF APPLICATIONS IN THE CITY HAVE SKYROCKETED. BUT OTHER CITIES AROUND THE BAY AREA HAVE STRUGGLED TO GET THE PROGRAMS OFF THE GROUND. THAT’S WHERE BLUE HOMES HOPES TO MAKE IT EASIER. THEY CAN HAVE HOMES BUILT IN A FACTORY AND INSTALLED ON A PROPERTY. ADUs HAVE BECOME SO POPULAR, THEY ANNOUNCED A NEW HOME DESIGN THAT INCLUDES AN EXTRA UNIT.>>OUR NEWEST PRODUCTS IS ONE OF THE FIRST MODULAR HOMES WHERE IT COMES WITH THE JUNIOR DWELLING APARTMENT. BEING ABLE TO BRING IN A FULLY, LEGALLY RENTABLE UNIT INSIDE AN EXISTING FULL-SIZED HOME IS LIKE JUST GETTING MORE BANG FOR YOUR BUCK.>>Reporter: NO MATTER HOW YOU ADD IT UP, BUILDING ONE

2 Comments

Rex Jay

Aug 8, 2019, 3:13 pm Reply

Say hello to even more cars parked on the street..

Joseph

Aug 8, 2019, 3:32 pm Reply

Livin' the American Dream right here!

Leave a Reply