Yes, backyard condo units are legal everywhere in Texas thanks to many recent laws that have made these “accessory dwelling units” much easier to build. You can put a unit as close as 5-10 feet to your property lines.
Each backyard condo unit is equipped with a bathroom, toilet, shower, kitchenette with a stovetop, bedroom area with a bed, cabinets, washer/dryer, microwave, and fridge. They have everything someone needs to live independently of your existing home.
According to state law, the review process for building a unit cannot involve biased discretion. After the unit is built, you can rent it.
This unit could add $450,000+ in value to your home from day one. This means that the added value of the unit can often cover the price to build a unit. Also keep in mind your backyard condo unit can appreciate just like your home does.
Since we build a standard type of backyard condo unit, minor customizations to change the color of the cabinets, walls, and other things like that are included to help you make your backyard condo unit feel like an extension of your home.
If you sell your property, your existing home and backyard condo unit will both be part of the sale and will add to your square footage to your home. Since building a condo unit in your backyard often adds considerable value to your property, the value that the unit adds to the home sale can help you pay off the rest of the remaining loan balance (which becomes more and more likely as payments are made).
We connect the utilities to the main home, but make sure to keep track of the usage using a meter. This will allow you to charge a tenant for what they use.
Most homeowners will need to upgrade their insurance to cover a backyard condo unit. However, this cost is usually not extremely high.
The property manager can help with this.
We are the best way to easily navigate the process of renting out a condo unit in your backyard: from financing, to building, to finding a property manager. Our units are incredibly affordable and designed to bring you the highest possible rent.