203k Loan for Garage Conversion / House Hack

[Conner Parks]

Happy Thanksgiving BP Community, looking into nuances of 203k loans and it seems like you can use construction funds for adding on, curious if anyone has had experience adding an ADU, or converting garage into studio, with the intent of house hacking.

Would love to hear your experience and any hoops you had to jump through to pull it off.

I’m in San Diego where ADUs are being approved from what I gather.

Thanks!

Conner Parks

[Conner Parks]

@Jennifer Z. Thanks for sharing your story, super helpful. I'll be sure to pay the city a visit! I do anticipate a lot of lifting upfront on this, but it'll be great for us in the long run.

@Andrew Postell Thanks for the info, very helpful. I think we'll be good on the loan limits, purchase of 500ish and i'd imagine 50k for construction.. Will keep that top of mind though.

@Paul Welden Thanks Paul. Interesting that it has to be attached, we've been looking at some detached garages as good potential ADUs, we'll lean on our 203k consultant to help steer us in the right direction. Thanks!