The demand for housing on the Outer Banks has never been greater than in the last few years. The housing boom over the last few years coupled with unprecedented visitors to the OBX led many to sell their properties.
As an answer, some localities are considering easing property restrictions to allow for year-round rental properties. Simultaneously, the downturn of the economy, inflation, and record-high real estate costs have made Accessory Dwelling Units (ADUs) a viable option for multiple or extended-family living.
Whatever the reason, an accessory dwelling unit is a smart move for many property owners looking to expand their living spaces.
OBX Economic and Housing Market Needs
The demand for housing is exceptional on the Outer Banks. There are few year-round rentals, and current home prices and interest rates are cost-prohibitive for many folks who work here. With the incredible demand of year-round housing, ADUs are gaining popularity and providing much-needed housing.
Some local property owners are utilizing ADUs as short-term rentals. With the cost of living and ever-increasing insurance costs, many homeowners are utilizing these ADUs to help pay their mortgages and afford to live here.
The local economy benefits by having additional tax revenue while also retaining much-needed professionals in the area who may not otherwise be able to afford to live here.
Importance of Permits in ADU Development
Obtaining the necessary permits is a critical aspect of developing an ADU. Proper permitting ensures that your ADU meets local building codes and regulations, which is crucial for safety, legal, and financial reasons. Protecting your home and guests or residents is essential.
Permitted work enhances your property value, and makes your property more attractive to potential buyers. Homeowners should always use a licensed general contractor experienced in ADU development and permitting.
Some specific guidelines must be followed to ensure compliance with zoning and building codes. Creating beautiful, functional, and cost-effective ADUs is one of our favorite services.
Current Trends in Coastal Areas
On the Outer Banks, many “beach boxes” have been converted into two separate living spaces with the additional unit being an ADU. Most often, these ADUs close in the carport area to create a separate living space.
Some ADUs are converted attics or additions to one side of the existing home. These trends are particularly relevant in coastal areas where housing demand is high and space is limited.
It is critical for property owner’s to ensure ADUs are properly permitted to protect their investment.
Island Contractors OBX specializes in these types of additions from conceptual plans through installation. We will maximize your ADU for rental income or multi-family living by working with local permitting offices and the homeowner.
Where Function Meets Comfort
Because these spaces tend to be small, careful and creative planning is important to maximize function and comfort. Smart layouts that blend living, sleeping, and storage areas seamlessly are becoming the norm.
Incorporating storage and maximizing the space is attractive to renters seeking efficient and comfortable living spaces in these smaller units.
Natural Light and Open Spaces
Natural light helps make a space feel larger. By adding large windows and glass doors to an ADU and mostly open floor plans make the space feel bigger and more appealing.
Limiting the number of walls and using light-colored paint also make the space feel brighter and larger.
Flexible Design for Multi-Family Living
ADUs are becoming a popular solution for multi-generational living, allowing multiple families to live on the same property while maintaining privacy and independence. As parents age and children become adults, ADUs are a viable solution for many families.
Island Contractors recommends considering how the ADU may be used over time. We encourage designs to include those with mobility challenges.
Rental Income Potential and Multi-Family Living Benefits
ADUs are an incredible way for a property owner to generate rental income or reduce the stress on families. With the housing market tightening, these small, self-contained units are desirable for renters looking for affordable living options.
Additionally, ADUs provide a perfect solution for multi-generational families. Whether you have aging parents who need close supervision or young adults seeking independence, ADUs offer living arrangements under one roof. Whatever the reason, ADUs make a property more valuable and offsets mortgage, insurance, and other expenses.
Island Contractors specializes in creating customized ADUs that meet your unique needs and preferences. Contact us today and let’s build something amazing together!