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Updated over 1 year ago, 09/07/2023
Building ADU/DADU in Seattle
Hello!
I'm a beginner investor looking to get advice on whether or not it is a good idea to build an AADU and DADU on our property in Seattle.
Rent for the current SFR goes for around $2300 in the market and our plan with the two ADUs would be to rent them out and hold long-term.
It makes sense for developers to purchase an SFR and build two ADUs then condo each to sell - but in our situation, would building the ADUs to rent and hold make sense in the long run? What are other questions we should be asking ourselves? Thanks for your help!
I'm a beginner investor looking to get advice on whether or not it is a good idea to build an AADU and DADU on our property in Seattle.
Rent for the current SFR goes for around $2300 in the market and our plan with the two ADUs would be to rent them out and hold long-term.
It makes sense for developers to purchase an SFR and build two ADUs then condo each to sell - but in our situation, would building the ADUs to rent and hold make sense in the long run? What are other questions we should be asking ourselves? Thanks for your help!