Issue link: https://www.ifoldsflip.com/i/1484062
There's no ignoring the current housing cri- sis in California. Califor- nia's housing shortfall of approximately 2 million units has been created over decades, largely by a combination of high population growth and restrictive building poli- cies. Many experts see accessory dwelling units, or ADUs, as a possible solution to this major issue by providing ad- ditional housing for fam- ily members or renters while saving land. One key step is find- ing the right partner to craft a sustainable, turn- key home. "The goal of Per- petual Homes ADU is to build the highest quality at the most affordable price point," explains Katherine Anderson, founder of Perpetual Homes ADU. "My expe- rience, with 38 years in residential development, has come together to design and create ADUs that fit families' needs. No where else can your family members live in such full-scale luxury at an affordable price point than in a Perpetual Homes ADU." "If your family mem- ber, for example, has been priced out of the area, adding an ADU in your backyard can help them stay in the area and live in a beauti- ful luxury setting," she adds. Our goal is to help families stay together whether it's the boo- merang young adults or move-down parents. It's extremely rewarding to help families stay to- gether in the high-price Bay Area. Now is the time to act — both for Ander- son and homeowners — to take advantage of new, visionary Cali- fornia legislation that enables ADUs to be built quicker and with fewer jurisdictional costs. There is no better time to enhance your financial situation and improve your property. California has $100 mil- lion available in grants for ADUs, max $40,000 per family, to help fi- nance over 2,500 ADUs. Homeowners with low or moderate income levels may be eligible for this grant. Senate Bill 9, also known as SB 9, just went into effect at the beginning of 2022 and Perpetual Homes has already leveraged this bill to provide fee simple lot splits with Perpetual Homes ADUs for some of their clients. SB 9 gives homeowners in many single-family zones the green light to build additional units on their current prop- erty or subdivide their land into two separate parcels and sell off one of the lots. Whether you've thought about a multigenerational home, a guesthouse or a rental income stream, SB 9 of- fers the opportunity to build more on your ex- isting homesite. Several laws passed in 2020 at the state level guide local city and county laws when it comes to building and permitting ADUs. Spe- cifically, AB 68 reduces required setbacks from lot lines, eliminates the need for fire sprinklers in most situations and lowers impact fees if under 750 square feet. Perpetual Homes be- lieves that with the creation of this new law and the rapid increase in demand for housing this is the perfect time to build an ADU. As- sembly Bills 68 and 881 also help to make ADUs easier to install. These laws remove the previ- ous minimum-lot-size requirement, diminish parking requirements for the ADU and shorten the time period for ADU site plans to be reviewed by cities and counties. Before this legislation, ADUs were desirable but often impossible and very expensive (fees over $100,000) to build on most lots. Most mul- tifamily properties can add two detached ADUs. With decades of ex- perience in real estate development and market analysis, Anderson ac- quires the highest-qual- ity homes at the most affordable prices for her clients. Her vast network of prefabrication com- panies, drafters and gen- eral contractors makes the process of building an ADU much smoother. ADU prices start in the low $200,000s. Whether you want to increase your property value, add a new source of income or provide housing for family mem- bers or renters, contact Perpetual Homes ADU for more information! Call (925) 980-2351 or visit www.perpetual homesadu.com to learn more. Content provided by Perpetual Homes Customize your own ADU with Perpetual Homes Perpetual Homes' two-bedroom Perpetual Lux ADU is a modern farmhouse-style home. By Marilyn Kennedy Melia CTW FEATURES During the pandemic, now 28-year-old Megan Zuckerman left her New York City apartment for her parents' home in New Jersey. But seeing friends struggling to find af- fordable rentals in the city now, she's decided to stay with family to save for a down pay- ment and avoid con- tinually facing a lease expiration. She is hardly alone. Although there aren't statistics on the num- ber of young adults living with a parent to save for a down pay- ment, the Pew Research Center reports that in March 2021, 22.6 per- cent of 22- to 34-year- olds were living in the home of their parent. "This trend is growing so popular," says Dino DiNenna of Southern Lifestyle Properties in Hilton Head Island, South Carolina. Still, not all family dynamics allow for easy multigenerational liv- ing, albeit temporarily. If you're considering the option, those currently taking on the challenge and making it work share their thoughts and suggestions: Contribution considerations "If your family is struggling to make ends meet, you should be ex- pected to 'pay rent,' " as- serts Paola Perez, owner of corporate-millennial. com, who lived at home until she bought a home at age 26. If not a nominal rent, covering an expense such as gro- ceries "gives you more independence. You are an adult and you'll want your parents to see you as one." Set a worthwhile goal As a lender with Amplify Credit Union in Austin, Texas, Alex Moving home to buy your own See MOVING Pg 7 H6 BAY AREA NEWS GROUP 001 Homes | Advertising Section