Tag Archive for: ADU

ADU/In-Law/Guest Cottage Financing – Part Deux

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I have been blogging about ADUs repeatedly over the last few years because states and local governments are so aggressively encouraging their construction – as a way to solve our […]Read More

Guide For Building An ADU: Maximize Your Property’s Value

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Are you intrigued by the potential of adding more living space and value to your property? Building an ADU (Accessory Dwelling Unit) might be the perfect solution. Also known as granny flats, in-law suites, or backyard cottages, ADUs offer homeowners a fantastic opportunity to create flexible living spaces that can serve multiple purposes. Whether you dream of generating passive income from a rental unit, accommodating extended family, or establishing a dedicated home office, an ADU presents endless possibilities.Read More

How Much Does An ADU Cost? ADU Financing Options

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Getting a clear understanding of ADU costs and finding the right ADU financing options is a crucial step for any homeowner looking to build an Accessory Dwelling Unit (ADU) on their property. This article will shed light on the financial implications and help you navigate the available financing options.Read More

What is an ADU? A Guide to Accessory Dwelling Units

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The concept of Accessory Dwelling Units (ADUs) is taking off as homeowners look for creative solutions to address housing needs, income generation, and flexible living options. If you're curious about ADUs but feeling overwhelmed by the details, you've come to the right place. This comprehensive guide will explore everything you need to know about ADUs – from definitions to different types, building requirements, costs, and the benefits they offer.Read More

Reasons to LOVE ADUs, In-Law Units, Granny Units, Au Pair Units, Guest Houses, Garden Cottages, Casitas… and Whatever Else You Call Them

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Accessory Dwelling Units (ADUs) come with many names, as the title of this blog implies. They are more popular than ever now as a solution to solve the affordable housing shortage and to provide more space for the post-COVID work-from-home crowd. Local and state governments have made the ADU permitting process far easier (especially in CA), and many builders now offer ADUs with their new builds.Read More

Inflation Eases/Rates Up – WHY? Delayed Closings; “Walls-In” Insurance for Condos; ADUs NOT Part of Square Footage

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A key inflation report, Personal Consumption Expenditures (the Fed’s “favorite”) was released today, and it showed that inflation continues to cool. But, despite that, rates went up. This surprised many casual market observers because cool inflation reports normally send rates sharply down, given that bond investors focus so heavily on inflation.Read More

Rent Vs. Buy Comparison – Follow Up To Responses; ADU Follow Up Too

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Yesterday, I blogged about Rent Vs. Buy Comparisons In The Age of Inflation, and I got a surprising amount of feedback, including the following: “I put 5% down, and my […]Read More

Financing And Building ADUs Or In-Laws

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Cutest House I Ever Saw I have been in the mortgage industry since 1994 and have seen thousands of homes in every setting imaginable. And the cutest house I have […]Read More

Duplex vs. House + In-Law Unit (ADU)?

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A few months ago, we had a purchase with two units on one lot. It had two addresses and two electrical meters, and our underwriter insisted it was a duplex – effectively killing our deal. So, we called Fannie Mae and explained all the particulars and Fannie overruled our underwriter. Our underwriter justifiably thought it was a duplex because of the two addresses and two meters – but those factors are not dispositive.Read More

Valuing An In-Law Unit Or An ADU (Accessory Dwelling Unit)

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I touched on this last year a few times but am getting questions again because so many people have built Accessory Dwelling Units (ADUs) as a result of the COVID […]Read More