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Updated almost 3 years ago,
ADU/Pool house/Tiny Home valuation
Hi there,
I am trying to assess what would be the added value brought by adding an ADU to my property.
Right now I am getting quotes between $300-375/sqft to build a roughly 450 sqft 1bed/1bath pool-house on my property in 78759.
The home itself appraises for around $500/sqft based on recent sales comps.
I have asked one realtor who told me that based on current market, I should theoretically be able to value those extra 450 sqft at full price (ie. $500/sqft).
I also found one recently sold listing near by who was adding the sqftage of the ADU in to the total property sqft and bed/bath count.
Any experience realtor / appraiser / investor in this forum who would be able to confirm this ?
Thanks for your help