Home prices are seeing swift increase in prices due to the pandemic. Not only that, but many sellers are struck with uncertainty about how the current market will hold. These two factors, when combined, create the perfect storm of competitive housing market trends. The lack of inventory makes it difficult for buyers to make appropriate offers while the high demand is easy to take advantage of for those selling which creates a stiff rise in unattainability. Specifically in Denver, the community has seen these exact trends and no sign of slowing down is in the future.
This is where an ADU builder, come into the neighborhood scene. These options make it so someone can essentially have an entire (yet smaller) house right on your property. This idea has grown in popularity, Los Angeles went from issuing 15 ADU permits in 2013 to 6,747 in 2019, for example. But other states are following the trend; Denver and its civil planning department have been slowly pushing to allow for more ADU construction in the surrounding areas. The demand and increase of permits has been very apparent, even entire neighborhood associations are seeking to rezone for ADU construction.