It depends on your long-term plans and situation. Garden suites typically cost $350K-$450K to build and generate $20K-$25K net annual income after expenses.
That’s a 15-20 year payback period.
They work well if you’re staying in your home long-term, comfortable being a landlord, and your property can support the construction.
You also get added home value and flexible space for family use.
Not a quick return, but can be solid long-term investment for the right homeowner.
