Leave a Message

Thank you for your message. We will be in touch with you shortly.

Assembly Bill 1033: A Potential Game-Changer for Lake Tahoe Home Sellers and Buyers

Lake Tahoe

Assembly Bill 1033: A Potential Game-Changer for Lake Tahoe Home Sellers and Buyers

Potentially exciting news has arrived for both home sellers and buyers in the picturesque Lake Tahoe area! Governor Gavin Newsom has recently given his approval to Assembly Bill 1033, a groundbreaking legislation that allows the sale of Accessory Dwelling Units (ADUs) as separate from the primary residence (in participating cities). In this blog post, we'll explore how this significant development could affect both home sellers and buyers in Lake Tahoe depending on which cities choose to participate, highlighting the opportunities it brings to the local real estate market.

Empowering Lake Tahoe Home Sellers:

If you're a homeowner in Lake Tahoe looking to sell your property, AB 1033 is fantastic news. Previously, ADUs were typically bundled together with the primary residence, limiting your options for maximizing the value of these additional living spaces. However, this new legislation changes the game entirely. Now, you have the freedom to sell ADUs as standalone units, which can significantly enhance the marketability and profitability of your property.

Cole Mizak, your Lake Tahoe real estate agent, is uniquely positioned to assist home sellers in this new landscape. Cole and his team can help you showcase your ADU as an income-generating asset, a sought-after vacation rental, or even as a separate living space for family members. This newfound flexibility means you can appeal to a broader range of buyers, potentially leading to quicker and more profitable home sales.

Newsom has left the decision up to the cities as to whether or not they choose to adopt AB 1033. At this time, none of the cities and towns around Lake Tahoe have taken a definitive stance on the bill, however we expect that to change in 2024.

Exciting Opportunities for Lake Tahoe Home Buyers:

For those looking to invest in Lake Tahoe real estate, AB 1033 opens up a world of possibilities. Buying ADUs separately from the primary residence presents several advantages:

  1. Income Generation: You can acquire an ADU with the intention of renting it out, offering a reliable source of rental income, especially in Lake Tahoe's bustling vacation rental market.

  2. Multigenerational Living: Families seeking homes that accommodate multiple generations can now purchase a primary residence and an ADU separately, enabling flexible living arrangements while preserving privacy.

  3. Investment Diversification: Real estate investors can expand their portfolios by acquiring ADUs as standalone assets, potentially boosting long-term growth and income.

Lake Tahoe Real Estate Agents and Realtors: Your Key Partners:

With AB 1033 in place, the role of Lake Tahoe real estate agents and realtors becomes even more crucial. Cole possess the expertise to guide home sellers through the process of selling ADUs separately, helping them understand the legal and financial aspects involved.

Conclusion:

Assembly Bill 1033 represents a potentially game-changing opportunity for both home sellers and buyers in Lake Tahoe. For sellers, it means increased marketability and profitability, while buyers gain access to a diverse range of real estate options. Lake Tahoe real estate agents and realtors will play an instrumental role in helping clients navigate this exciting new landscape. As the region continues to be a sought-after destination, AB 1033 promises to elevate Lake Tahoe's real estate market to new heights, creating a win-win situation for all parties involved.

Recent Blog Posts

Stay up to date on the latest real estate trends.

Aerial view of Lake Tahoe neighborhoods highlighting real estate for sale in Washoe, Placer, and Douglas Counties

Lake Tahoe

Short-Term Rental Rules in Lake Tahoe: What Buyers Must Know in Washoe, Placer & Douglas Counties

September 3, 2025

Lake Tahoe real estate agent Cole Mizak breaks down STR permitting differences by county to help buyers make smart, legal investments.

A sunny afternoon in downtown Truckee, CA with historic buildings and people walking by shops

Lake Tahoe

Living in Truckee, CA: What You Need to Know From a Local Realtor

August 26, 2025

Cole Mizak, top Truckee real estate agent with Compass, shares what life is like in this unique mountain town — and what buyers need to know.

Aerial view of a Lake Tahoe neighborhood near top-rated public schools with mountains in the background

Lake Tahoe

Top Public Schools in Lake Tahoe: Best Areas for Home Buyers in 2025

August 21, 2025

Lake Tahoe's best-rated schools and where to buy if education matters

Lake Tahoe real estate agent Cole Mizak standing in front of a luxury home with mountain and lake views

Lake Tahoe

How to Set Up a Successful Short-Term Rental in Lake Tahoe

August 20, 2025

Lake Tahoe Real Estate Agent Cole Mizak Shares Pro Tips for Turning Your Property Into a High-Earning Vacation Rental

Scenic view of Lake Tahoe homes during early fall with mountains and trees in the background

Lake Tahoe

Why September Is the Best Time to Buy a Home in Lake Tahoe

August 19, 2025

Insider Tips from Cole Mizak, Leading Lake Tahoe Realtor with Compass

Modern Lake Tahoe short-term rental with scenic mountain views and cozy outdoor patio

Lake Tahoe

🏡 7 Proven Ways to Make Your Lake Tahoe Short-Term Rental Stand Out in a Crowded Market

August 18, 2025

Smart upgrades and local insights from top Lake Tahoe realtor Cole Mizak

Stunning lake view from a luxury home in Incline Village, Nevada

Lake Tahoe

Best Lake View Neighborhoods in Incline Village to Buy Your Dream Home

August 17, 2025

A Local Realtor’s Guide to Where the Views Are Worth Every Penny

Aerial view of Tahoe Donner neighborhood showing homes, mountains, and forest in Truckee, California

Lake Tahoe

Your Guide to Real Estate in Tahoe Donner—From a Local Truckee Realtor

August 15, 2025

A local guide to buying in Tahoe Donner—from scenic mountain homes to golf course retreats

Lake Tahoe

Luxury Redefined: 2025 Interior Design Trends in Lake Tahoe Homes

August 14, 2025

Explore the most in-demand design features buyers want in Lake Tahoe homes for sale—straight from top Lake Tahoe realtor Cole Mizak.

Work With Cole

Cole’s mission is to elevate the real estate experience for his clients. He is a long-time Lake Tahoe local and luxury home expert who has developed innovative strategies to provide his clients with an unmatched, bespoke level of service, attention, and support.