2019 Homeowner's Guide to Building an ADU in California
If you are thinking about building an accessory dwelling unit and want to make sure you are making a good investment, then this is definitely the guide for you.
The 2019 Homeowner's Guide to Building an ADU in California & Financing it the Easy Way
This guide is designed to help you avoid costly mistakes, compare options, and discover tips, strategies, and techniques that the pros use to streamline ADU development. This resource is for anyone who has ever wanted to build a backyard cottage, granny flat, or accessory dwelling unit on their property.
What is an Accessory Dwelling Unit?
Known by many names, an Accessory Dwelling Unit can also be referred to as a Granny Flat, Granny Pod, Guest House, Pool House, Backyard Cottage, Mother-In-Law Unit, In-Law Pad, Casita, or even simply by it's initals: ADU. These small houses can be used to keep family close by or even rented out for an extra stream of income.
What is the cost to build an ADU in California?
We will review the disparity in price between various types of ADU construction and ADU builders. We will compare different types of construction including stick frame and pre fabricated models.
How do I finance an ADU in California?
We will review and compare several types of financing: the FHA 203K loan, FNMA Homestyle Renovation Loan, cash-out refinancing, and home equity lines of credit.
About the 2019 Homeowner's Guide to Building an ADU in California
This guide is designed to help you avoid costly mistakes and analyze your project through the eyes of a professional developer. There are many pitfalls to avoid, which can easily send costs through the roof. That's why we created a comprehensive summary so you can anticipate everything you need to know when financing and building an ADU.
The 2019 Guide to Financing & Building an ADU - Full eBook
How to finance, plan, and determine if your Accessory Dwelling Unit / Granny Flat is a good investment. This guide will share tips on how to analyze your project as an investment and give you tools you need to run the numbers like a professional developer. You will gain valuable knowledge on the feasibility of your project and what hidden costs to look for when determining your budget.
We'll review the different types of buildings that qualify as an ADU.
If you live in a city where rents for small units are high enough to more than cover building costs, then it might make sense to invest in an ADU. In this chapter, we show you how to run the numbers.
In this chapter we'll review the three main steps to building your mother-in-law house.
There are a number of reasons to build an ADU. Some are financially motivated, but that's not the only benefit. We will explore these reasons in chapter 4.
You can use a renovation loan, such as an FHA 203K or FNMA Homestyle renovation loan, HELOC, or even a 2nd mortgage to finance an ADU. In this chapter, we review how to know which type of financing to choose.
Are their hidden costs to using cheap, prefab homes? In this chapter we examine some of the advantages and disadvantages of using cheap pre fab homes versus stick frame construction.
The CA state legislature has taken some strong measures to promote ADU housing development.
In this chapter, we discuss the process for developing a design and floorplan for a mother-in-law apartment.
Choosing the wrong "expert" could affect your project costs or increase your liability. In this section we reveal what you should watch out for when making this important choice.
Costs and fees to take into account when building your ADU.
Find the requirements in your city.