What is a Backyard Home?
A backyard home (also known as “in-law units”) is just that, a small home with its own kitchen, bathroom, bedroom and separate entrance, all located in a homeowner’s backyard. Three new California state laws went into effect in 2017 that streamline the permitting process for backyard homes, and meaningfully reduce the fees cities can charge to obtain building permits for backyard homes. The purpose of a backyard home is to meet families’ growing and changing needs for housing; create an additional source of income for homeowners while increasing their property value; provide a less expensive and invasive alternative to a remodel; add additional office, guest, or living space; and to help solve the State’s housing shortage.
There are multiple ways to finance your backyard cottage. Please contact us to discuss the different financing options available to you.