Fridays with the Fiddle Fig: What is an ADU?
ADU’s are a new trending topic in San Diego. Everyone seems to be very interested in this topic, so I brought in Brad Hobson from Chicago Title to talk with us about a few topics related to ADUs.
Accessory Dwelling Unit. May have heard Granny Flat but the technical term for it is an ADU. It's a separate structure from the main living quarters that has a functioning kitchen and bathroom that can function as its own living dwelling. This can sometimes function all under one address or even have its own address, depending on how it is set up when being built.
So the types of properties that you can build these on are typically strictly residentially zoned properties. So, in the City of San Diego, most properties are zoned for residential single family dwelling. There is one exception to that, and that is if a property is zoned for two units or less you can also add an ADU in addition to the two units.
In the last year the City Council has passed an ordinance that drastically reduces the fees for an ADU. They are now between $6,000-$8,000 when they used to range between $15,000-$20,000.
This topic piggybacks on last week's topic of how to make your mortgage more manageable. Right now we are in the golden age for ADU’s. The city has really lifted a lot of their regulations and fees leaving it prime for the picking. If you would like to talk more about the possibility of buying a property you could build an ADU on, leave us a comment or reach out to us and we would be happy to talk with you.