No, that is not a misprint. Or an exaggerated number.
In fact, I am going to show you exactly how building one new 500 square foot ADU is projected to add over $1,000,000 to my net worth over the next 30 years (hint: you can copy this exact formula and do the same thing).Read More
How much will it cost to build a new ADU?
That is inevitably the first question you'll ask when considering a new ADU.
I do not blame you; that would be the first question I would ask as well. I mean there is no reason to spend time and money designing and planning an ADU that is going to be too expensive to build, or too expensive to afford.Read More
Taking a piece of real estate and improving it by adding an ADU is a relatively easy form of Real Estate Development that even a novice real estate investor or homeowner can accomplish with the right guidance.
Over the course of the next 12-16 weeks I will take you along as I build a brand new 1,200 sqft ADU on a property in Hyde Park, Los Angeles. I will be sharing a step-by-step "how to" which covers the entire ADU construction process from the initial design to final inspection.Read More
These new ADU laws are a blessing for Los Angeles homeowners as it now make it possible to build a triplex on most single family zoned properties. These laws give property owners additional rights to add housing units and other accessory structures to their homes.Read More
In the City of Los Angeles ADU permit costs are based on the estimated value of the construction being performed, and the number of square feet your project adds to the property. If you convert your existing garage into a bare-bones studio apartment you'll pay less than you would if you want to max out your allowable square footage and build a new, luxurious 1,200 sqft ADU.Read More
Homeowner throughout California are turning to Accessory Dwelling Units to increase their property value. "Will an ADU increase the value of my property? How much will the ADU be worth once it is complete?" I get asked a variation of these question almost daily, and the answer is simple. It really depends on the type of ADU you are building on your property.Read More
Building a small home or Accessory Dwelling Unit (ADU) in your backyard has never been easier. With newly passed legislation by the State of California, most Los Angeles homeowners are now allowed to build all types of Guest Homes, Granny Flats, and other ADUs in their backyards.Read More