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Updated 6 months ago,
How much should my ADU increase the value of my property
Hello! I currently live in a 1,000 sq ft home on a 7,000 sq ft lot in San Diego county. I am building a 1,000 sq. ft ADU in my backyard. The appraiser from the bank lending me the money for the project said my home would increase in value from $850k to $1.1 million once the ADU is put in. Does this sound correct? I thought my property would increase in value more than that; especially if an investor were to buy it.
Thank you in advance!