Adding a DADU to your property may seem like a smart decision if you’re looking for ways to increase property value. Despite the myriad of options and details, one question often arises. How much value will DADU in Everett, WA add to your property?
If you consider all the factors, investing in a DADU in Everett, WA can be of great value.
Generation of Rental Income
No matter whether you’re struggling to pay your mortgage or have a strong financial position, extra income won’t go unnoticed. You can even cover your mortgage and other housing costs by renting out your DADU in Everett, WA.
It is especially important to build a two-bedroom two-bathroom unit if you have the space to do so. As a result, your potential rental income would increase significantly, and renting the space would be much easier for you.
As long as you choose the right architect for the job and they have the right experience, it shouldn’t cost you much more than a single-bedroom apartment.
Better Opportunities
DADU in Everett WA won’t just generate monthly income or raise your property value. They can also be sold separately.
For first-time real-estate investors who do not yet have the financial muscles to delve into more financially hefty properties such as multi-family homes and condos, DADUs are the perfect choice.
Investors already in the field are also able to take advantage of this opportunity. When you own 5 or 10 properties that are already generating revenue, adding a DADU to each property could be hugely beneficial for your rental income and the property value.
