Asked by Patricia, Portland, OR • Thu Jun 24, 2010
If we want to finish our basement (using licensed/bonded contractors) in such a way that we could use it as a self-contained rental (legal egress in bedroom, direct outside access, living rm, bath, kitchen, etc.) what's the difference (advantage? disadvantage?) of actually going through the hoops of getting it designated as an ADU? We''re going to have it built out in such a way that it could still simply be accessed from the rear and main floor of the house (through a shared laundry room) and hence still be used as a family room/spare bedroom/etc. in the future, rather than as a rental/ADU. So why would it matter if it's an ADU or not? How does that increase the property value over simply having a nicely finished basement (that could be "separate living qtrs)? I mean, as a homeowner you can rent out your finished basement to a tenant w/o having to have it designated as an ADU, right? Anyone have any recommendations?
We live in Concordia FYI in case that matters.
Thanks in adv!!
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