General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA new law allows homeowner to sell ADUs like condos, boosting homeownership.
I see complications arising when the homeowner wants to sell.."single family home but excludes the garage" or "home sale excludes one bedroom and bath that belongs to another homeowner"https://www.latimes.com/california/story/2023-10-14/a-new-law-allows-homeowner-to-sell-adus-like-condos-boosting-homeownership-heres-how-ab-1033-works
A new law allows homeowner to sell ADUs like condos, boosting homeownership. Heres how AB 1033 works
Accessory dwelling units, also referred to as ADUs and granny flats, have been available in California only as rentals. But a new law, Assembly Bill 1033, is giving Californians the opportunity to buy and sell them as condominiums.
ADUs come in all shapes and sizes for example, a converted garage, a small home in the backyard, or, as often seen in San Francisco, an unused portion of the main house, said Assemblyman Phil Ting (D-San Francisco), who drafted the legislation.
______
As with new condominiums, homeowners building ADUs must notify the local utilities, including water, sewer, gas and electric, of the creation and separate conveyance of the unit. Each property will also have to form a homeowners association to assess dues to cover the cost of caring for the propertys exterior and shared spaces, such as the driveway, a pool or a common roof.
Similar to condominiums on one property, the home and the ADU will have two different property taxes, Ting said.
SunSeeker
(51,745 posts)This may he the only way middle class Californians can own a home in some of the more expensive areas.
Baitball Blogger
(46,769 posts)Hekate
(90,865 posts)
. means the owner went to the County and went thru the extensive hassle of converting the garage or master bedroom into a rentable unit so the homeowner can make a little extra cash or give granny a place to live. Plain bonus room this can be undone during escrow means the owner didnt bother with the hassle and expense and sometimes safety regs were ignored.
Anyway, I am in favor of legalized and regulated ADUs because dammit people need a place to live, and often the folks who own the house (such as widows, divorcees, retirees) need the extra income to get by.
keithbvadu2
(36,962 posts)ZonkerHarris
(24,264 posts)Xavier Breath
(3,657 posts)or purchasing one that came with a stranger already living there, but if all parties go into that sort of arrangement with eyes open and it works, then good for them. It's an interesting concept, to be sure.