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Updated about 5 years ago on . Most recent reply

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Newbie in Rhode island/ south Massachusetts area

Afoma Okwudiafor
Posted

Hey everyone,

My husband and I are starting out in real estate and will like to begin with a house hacking deal in providence area  or north attleboro. (Basically a safe neighborhood not more than 45 min from taunton)

We were looking at a duplex to start off but there are not so many options out here. So we are also exploring the idea of single family home with an ADU. There's a lot confusing information out there regarding what is allowed or not.

Any advice on what direction to follow will be appreciated

Most Popular Reply

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32
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Brett Read
  • Realtor
  • Providence, RI
26
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32
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Brett Read
  • Realtor
  • Providence, RI
Replied

To add to @Anthony Thompson and @Peter Kuck ‘s feedback I'll add that you'll want to discuss any possible ADU with your lender early on in the process. If one exists or a "possible" ADU exists it may affect your loan. Best to have that discussion upfront with your lender rather than them finding out from the appraisal. I have heard that removing the stove can be a work around, but it is still prudent to check with your lender and local municipality. Hope that helps and let me know if you have any other specifics questions.

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