How to Build an Accessory Dwelling Unit (ADU)
Meredith Munger Stowers
44:53
Description
Learning what and how to build units on your property from ideation to construction completion... and beyond
What You'll Learn?
- Estimate the costs, revenue, and return on investment from an ADU
- Vet contractors, architects and their bids
- Understand what you can and can't build on your property based on permit and mortgage guidelines
- Prevent mistakes and pitfalls
- Understand the likely timeline and set proper expectations for construction complettion
- Strategically plan your property for 1, 10 and 20 years out
- How to accommodate building for family members to create a fair multigenerational legacy
- Understand the pros and cons of stick-build construction, factory built ADUs and Tiny Homes
Who is this for?
What You Need to Know?
More details
DescriptionWhether you're just getting started or stuck mid-process, California's top ADU lender will teach you how to build your Accessory Dwelling Unit (ADU), optimize return on investment, and create multi-generational wealth while avoiding the mistakes, pitfalls and bad contractors that can cost you the biggest investment of your life: your home. You will learn:
What you CAN build on your property according to state laws, local permit rules, and Federal Mortgage guidelines
How to estimate construction costs
Construction loan options and strategies to avoid being crushed by a loan
Monthly payments vs rental income, including spreadsheets that do the calculations for you
Different loan strategies to achieve your goals
How to vet contractors and their bids, including sample contractors, lingo, etc. Includes sample bids we like and example of contract language to avoid.
Stick-build vs factory-built options
Extra monthly costs
Rent vs sell your ADU
Timelines and step-by-step instructions including forms
Government incentives (free money) to encourage you to build housing
Why ADUs now and how governments plan to get out of this housing crisis
This course is not long, but it will provide the information and confidence to get started on building multigenerational wealth and a legacy for your family. Best of all, instead of working for your house, now your house is working for you!
Who this course is for:
- Anyone on their ADU journey
Whether you're just getting started or stuck mid-process, California's top ADU lender will teach you how to build your Accessory Dwelling Unit (ADU), optimize return on investment, and create multi-generational wealth while avoiding the mistakes, pitfalls and bad contractors that can cost you the biggest investment of your life: your home. You will learn:
What you CAN build on your property according to state laws, local permit rules, and Federal Mortgage guidelines
How to estimate construction costs
Construction loan options and strategies to avoid being crushed by a loan
Monthly payments vs rental income, including spreadsheets that do the calculations for you
Different loan strategies to achieve your goals
How to vet contractors and their bids, including sample contractors, lingo, etc. Includes sample bids we like and example of contract language to avoid.
Stick-build vs factory-built options
Extra monthly costs
Rent vs sell your ADU
Timelines and step-by-step instructions including forms
Government incentives (free money) to encourage you to build housing
Why ADUs now and how governments plan to get out of this housing crisis
This course is not long, but it will provide the information and confidence to get started on building multigenerational wealth and a legacy for your family. Best of all, instead of working for your house, now your house is working for you!
Who this course is for:
- Anyone on their ADU journey
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Meredith Munger Stowers
Instructor's Courses
Udemy
View courses Udemy- language english
- Training sessions 20
- duration 44:53
- Release Date 2023/10/15