Why Building an ADU is an Amazing Investment in Phoenix
If you’ve been sitting on the idea of building an ADU (Accessory Dwelling Unit) in your backyard, it’s time to get off the fence! With Phoenix, and soon the entire state of Arizona, making it easier than ever to build casitas on your property, there’s no reason to delay—especially when you consider the potential income you’re missing out on every single month.
Imagine this: you have a 400 sq. ft. ADU in your backyard. It cost you around $90,000 to build. Now, let’s look at the numbers. The median market rent in Phoenix for a 1-bedroom unit in 2024 is approximately $1,300 per month. That means if you rent out your ADU, you could be pocketing an extra $1,300 each month.
In just under 6 years, your ADU would pay for itself. And after that? It’s pure profit! Now think about it—every month you delay building that ADU, you’re missing out on $1,300 in potential income. Over a year, that’s $15,600 you could have earned. And over 5 years? You’re losing out on over $78,000!
You don't need to be chairman of the Federal Reserve to print cash- you just need a backyard!
Don’t Let This Opportunity Slip Through Your Fingers
Phoenix is rapidly growing, and with the new regulations in place, more and more homeowners are realizing the incredible benefits of building an ADU. But here’s the catch: the longer you wait, the more competition you’ll face in the rental market, and the longer it’ll take before your investment starts paying off.
If you’ve got the space in your backyard, now’s the time to act. Don’t lose out on a potentially life-changing income stream that could not only pay for itself but also provide long-term financial security.
Take the First Step Today
Building an ADU in Phoenix is more than just a home improvement project—it’s an investment in your future. Whether you want to boost your income, create a guesthouse for family and friends, or increase the value of your property, an ADU is the perfect solution. So, what are you waiting for? Every month you wait is a missed opportunity.
Call Old Reliable today for a consultation, or fill out our contact form and we’ll be in touch. Start building your ADU today and watch as your backyard turns into a powerful financial asset!