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Demovictory9

(32,482 posts)
Sun Oct 15, 2023, 02:35 PM Oct 2023

A 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. Here’s 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 property’s 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.

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A new law allows homeowner to sell ADUs like condos, boosting homeownership. (Original Post) Demovictory9 Oct 2023 OP
This could get complicated, but we need the housing in CA. SunSeeker Oct 2023 #1
Doubt that it will fly in a Florida HOA. Baitball Blogger Oct 2023 #2
In parts of California we've been calling them "bonus rooms" for 40 years. "Permitted bonus room" Hekate Oct 2023 #3
Condos made out of a boarding house, with common areas. keithbvadu2 Oct 2023 #4
this will not ease the rental crisis. ZonkerHarris Oct 2023 #5
I can't imagine partitioning our home like that Xavier Breath Oct 2023 #6

SunSeeker

(51,745 posts)
1. This could get complicated, but we need the housing in CA.
Sun Oct 15, 2023, 02:43 PM
Oct 2023

This may he the only way middle class Californians can own a home in some of the more expensive areas.

Hekate

(90,865 posts)
3. In parts of California we've been calling them "bonus rooms" for 40 years. "Permitted bonus room"
Sun Oct 15, 2023, 04:29 PM
Oct 2023

…. 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 didn’t 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.





Xavier Breath

(3,657 posts)
6. I can't imagine partitioning our home like that
Sun Oct 15, 2023, 09:26 PM
Oct 2023

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.

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