Unlock Your Home’s Potential: Add Up to 7 Units with SB9
Simplify Your SB9 Real Estate Development with Our Stress-Free Planning and Construction Services
100% Financing Available with No Monthly Payments for Up to One Year!
What is SB9?
Senate Bill 9 (SB9), also known as the California Housing Opportunity and More Efficiency (HOME) Act, is a groundbreaking law that empowers homeowners to transform their single-family parcels into multifamily properties. This new legislation allows for the construction of up to seven new units on a single parcel when subdivided: a primary Single Family Dwelling, three SB9 units, a Junior Accessory Dwelling Unit (ADU), and three full-sized ADUs or another configuration with a lesser number of units.
By leveraging SB9, homeowners can maximize their property’s potential, create new housing opportunities, and increase property value.
Typical SB9 Development: Up to Three New Units
Since not all lots are large enough to qualify for an SB9 subdivision and add seven new units, the typical SB9 real estate development often includes the addition of up to three new units to the existing single-family dwelling. These three new units could be an SB9 unit, a Junior ADU, and a full-sized ADU. We recommend reaching out to the professionals at Wealth Crafters to maximize your home’s potential, tailored to the specific characteristics of your property.
Which Properties Qualify for SB9?
To qualify for SB9, a property must meet specific criteria outlined in the legislation. The property must be located in a residential zone, and the parcel must currently have a single-family home. Additionally, the parcel cannot be within a historic district, farmland, or high fire hazard severity zone, among other restricted areas.
However, it’s important to note that some cities, particularly Charter cities, are attempting to contest SB9, which can complicate the process for homeowners. This is where the expertise of a knowledgeable company like Wealth Crafters becomes invaluable. Our team is adept at navigating the complexities of SB9, ensuring compliance with local regulations while guiding you through planning, construction, and financing. Partnering with Wealth Crafters ensures that your journey to maximizing your property’s potential is smooth and successful.
Homeowner Benefits of SB9
Increase Property Value
By adding additional units to your property, you can significantly boost its market value. The more units, the greater the potential return on investment, making your property more attractive to future buyers.
Increase Cashflow
Renting out the additional SB9 unit can create a new, steady stream of income. This extra cashflow can help cover mortgage payments, fund home improvements, or provide additional financial security.
Pass Generational Wealth
SB9 provides a unique opportunity to build and pass down wealth. By creating additional housing units, you can leave a valuable legacy for future generations, ensuring they have both a place to live and a valuable asset.
Multigenerational Households
SB9 makes it easier to accommodate multigenerational living. Whether it’s adult children returning home or elderly parents needing care, additional units provide the space and flexibility to keep families close together.
Enhanced Use of Land
Maximize the use of your property by adding more living spaces. Instead of leaving land underutilized, SB9 allows you to fully capitalize on your property’s potential, creating more functional and versatile living spaces.
Potential Tax Breaks
Homeowners can take advantage of potential tax benefits, such as the mortgage interest deduction and home office deduction. These financial incentives can make the investment in additional units even more advantageous, helping to offset costs and increase overall profitability.
By leveraging SB9, you can transform your property into a more valuable, income-generating, and versatile asset, while also reaping significant financial and familial benefits. Wealth Crafters is here to help you navigate every step of this journey, ensuring you maximize these opportunities.
Our Services
Planning
We analyze your home to maximize its potential, including consultations with city planning to determine the maximum SB9 or ADU size.
Blueprint Preparation
Our architects and civil engineers create detailed plans in accordance with city ordinances.
Permits
We submit the blueprints, assist with obtaining permits, and work with city planning until approval is granted.
Project Management
Once blueprints and permits are secured, we coordinate with our contracting team to ensure the successful completion of your project.