New Law Opens Door for Separate Sales of Accessory Dwelling Units and Garage Conversions
Photo Credit: CCS, Inc.
LOS ANGELES, October 21, 2023 (VSNewsNetwork.com) - A new law enacted on October 15, 2023, is poised to significantly impact the real estate market. The legislation allows Accessory Dwelling Units (ADUs) and garage conversions to be sold separately from the primary residence. This development was discussed in a recent meeting led by Danny Yamnitski, owner of Construction Consulting Services (CCS), a company specializing in ADUs and garage conversions.
ADUs and garage conversions have gained traction as a way to augment property value and create additional living spaces. These units have been used for rental income, as guest houses, or independent living spaces for family members. The new law enables property owners to sell or rent these units independently from the main property. Danny Yamnitski of CCS emphasizes that this legislative change could be a monumental opportunity in the American real estate market, especially for homeowners with spacious lots.
According to Yamnitski, the change is not just a minor adjustment but could be the "greatest opportunity in American history to make money in real estate." He contends that property owners can substantially leverage this new legislation to maximize income potential by either renting or selling these separate units.
Yamnitski also underscored the urgency for property owners and potential investors to act promptly. Real estate opportunities often come with time constraints, and it's common for people to later regret not seizing such opportunities when they arise. Therefore, those interested should consult with real estate professionals and legal experts to fully comprehend the implications and requirements of the new law.
In summary, the law effective from October 15, 2023, which allows the separate sale of ADUs and garage conversions from primary residences, could herald a new era for real estate investments. Danny Yamnitski of CCS recommends quick action to capitalize on this legislative change.
Learn more at www.laconstructioncompliance.com.
Source: CCS Inc via Newswire
