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Bay Area embracing ADUs amid housing crisis – are they worth the investment? [Video]

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Home Based Business

SAN FRANCISCO (KGO) — California’s housing crisis is forcing lawmakers to think of new ways to get more people into neighborhoods that are already well established.

Just last month, San Jose reported the median home price was nearly $1.4 million – that’s an increase of 10% from the previous year.

“I couldn’t afford to live here if I didn’t buy my house 25 years ago,” expressed Joyce Higashi a San Jose homeowner who just added an accessory dwelling unit in her backyard.

Many young people or families will never be able to live in San Jose. That is, unless they consider buying an ADU.

“That ADU pricing will be much lower than a traditional single-family home,” explained Assemblymember Phil Ting. He created legislation allowing homeowners the option to not only build an ADU but eventually sell it, like you would a condo.

MORE: San Jose becomes 1st in CA to allow property owners to sell …

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