3 Creative Ways To Use A Home Addition As A Rental
At Eddie Design & Remodeling, we are the professional choice when it comes to home additions. Today we wanted to share with you 3 ways to use a home addition as a rental in Los Gatos, San Jose, Campbell, Sunnyvale and surrounding areas in the bay. Yes - money back in your pocket.
1. Studio Apartment
Creating a self-contained studio apartment in the home addition, complete with a kitchenette, bathroom and living space. This could be rented out as a short-term rental or as a long-term rental.
The demand for living in the bay area has increased over the past year as individuals return back to work after the pandemic.
2. Vacation Rental / Airbnb
Turning the home addition into a vacation rental or AirBnb is also a great idea. We recommended including a bedroom, bathroom, kitchen and living space. You can include access to backyard for better aesthetics and happiness. Guests could rent the space for a few nights or weeks at a time.
Over 54 million people visited the bay area in 2022 alone and over 17.5 billion was spent by the visitors! It’s safe to say the demand and spending is there for visitors.
3. Work Space
Renters could use the space as an office, studio, or workspace. This could be rented on a daily or monthly basis. There’s a huge demand for renting office spaces in the bay area due to it freeing up working capital for small businesses. This is the reason you’ve read so many multi-billion dollar companies were started in garages or small office spaces.
Conclusion
Home additions are a great investment for home owners in the Silicon Valley. There’s multiple ways to get a return on your investment, not to mention the increase in property value, and extra potential to a buyer if you choose to sell your home in the future.
Book A Free Consultation
Are you considering a home addition? With our commitment to excellence, you can rest assured that we will deliver a home addition that is sure to exceed your expectations. Vision to completeion, results guarenteed. We handle everything. Give us a call to book a free consultation.