You come out ahead. Guaranteed.
What is built on the new lot?
A beautiful, brand new, small home that should add value to all the properties in your neighborhood.
Frequently asked questions
A new single-family home (or duplex) will be built.
Following the lot split, we generally expect the value of your existing property will decrease 5% to 10%. As part of the Yardsworth process, an independent appraisal is conducted to determine your home’s new value. Learn more here.
Because it wasn’t possible until now. Senate Bill 9 (SB9) – also known as the California H.O.M.E. Act – was signed into state law in 2022, giving homeowners the ability to split off and sell backyard land (in order to create much-needed housing). Here is a great overview from the California Senate.
Yes. It can take up to 18 months and $150,000+ to get an ADU built in your backyard. ADUs typically require taking out additional financing on your home. This means even if you get $2,000 per month in rent, you’re only walking away with $1,000 in (taxable) income after paying off your loan, maintenance & management costs, etc. With Yardsworth, you can get up to 15 years of rent in 1 lump sum (tax-free) payment without any of the hassle. Best of all, you’d be giving up about the same amount of land.
Yes. In fact, we discourage you from taking out additional debt on your home, particularly in this sky-high interest rate environment. Yardsworth is a debt-free alternative to HELOC / home equity loans. Instead of adding to your monthly debt burden, Yardsworth offers a 6-figure lump sum to buy a portion of your underused backyard.