AB 1033: Another ADU Revolution for San Diego

Could the AB 1033 offer more opportunities for homeownership in San Diego?

Picture this: California waves its magic wand with AB 1033, aiming to sprinkle some affordability into homeownership. This law gives Accessory Dwelling Units (ADU’s)  the green light to be transformed into snazzy condos (pending local thumbs-ups, of course). Imagine ADUs strutting their stuff as individual units, just like condos!

Let’s dive into the details of AB 1033 and its impact on San Diego’s homeowner scene. With the San Diego housing market playing hard to get, scoring a home sweet home has become a challenge. AB 1033 steps in to shake things up and create new opportunities.

Let’s unpack this game-changing legislation!

AB 1033 – 101:

This California gem sets the rules for turning ADUs into condos. The goal? To hand more keys to eager homeowners by letting Tiny Homes/ADU’s/Granny Flats/Casitas, shine as standalone options for permanent & independent housing solutions, beefing up the housing menu.

AB 1033 – PERKS:

• Home Sweet Home for More– More folks can now snag their own slice of homeownership.
• Housing Squeeze Relief – Cooking up more affordable homes helps ease the housing squeeze.
• Flexibility Galore – Owners can rent out or sell their ADU’s, turning them into money-making machines.
• Green Thumbs Up – Adding efficient ADU’s use means community wins with eco-friendly benefits.

AB 1033 – DOWNSIDE:

• Tax Time Troubles – Selling ADUs separately might mean higher property taxes.
• Community Crunch – More units could mean a squeeze on local services and roads.
• Rulebook Roulette – Homeowners may face a maze of rules and red tape depending on local laws.

*For homeowners, AB1033 could be a golden ticket to boost property values by turning ADUs into condos. Buyers, on the other hand, score big with more affordable paths to homeownership. Snatching up an ADU unit could be the key to cracking into San Diego’s pricey housing market.

AB1033 – HOMEOWNERS SHOULD:

• Check Local Laws – Make sure your city is on board with ADU-to-condo magic.
• Hire a Professional – File those plans, follow codes, and cross those zoning t’s.
• Don’t cut corners – Your professional contractor/ builder/ engineer should be your go to person for the entire project.

*AB 1033 is like a housing policy rockstar, shaking up the scene by letting ADUs strut their stuff as solo units. With perks galore, this law is a game-changer, but it’s all about careful planning and legal smarts to make the dream a reality.  Most cities are still figuring out the AB1033 dance. Stay tuned for the scoop as this law continues to unfold.