Cashout Refi or HELOC?

[Brandon Carlson]

I would love some of feedback on this topic?

I'm looking to pull equity ($100k) to build a back unit. I currently sit on a 14,000 sq ft lot. The city will allow me to build a 2 bedroom 2 bath unit at 1200 sq ft. 

TOTAL COST: Maybe $120,000 and that's based of $100 sqft. What do you think?

What financing option makes more sense for this project??

Thank you