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Updated over 1 year ago on . Most recent reply
Massachusetts ADU Questions
Hi Everyone
8 years ago I bought a single family in Framingham that had a pretty convenient layout and proper zoning to be turned into a duplex. I converted it and house hacked it for about a year. I have had both units rented out ever since moving out and it cash flows nicely. I'm back in a position where I would like to expand my portfolio. I saw that Framingham has recently approved ADUs. It looks like it may be restricted to the use of family members of the owner/ occupant. In the current market it seems house hacking with the use of an ADU would be a great way to go. I was wondering if anyone is familiar with which Massachusetts communities are the most lenient when approving the addition of ADUs ? Also is anyone aware of towns that will allow you to build ADUs that are not restricted to owner occupied renting? Ideally I'm looking for towns within an hour of Boston. Let me know if you've got any experience with this process in Mass!
Thanks
Most Popular Reply
@Andrew Postell That makes sense for sure. Where I've had the most success has been in value adding to a property through construction / adding a unit. The market I am in (Boston area) has a pretty high price per door. Currently it can be fairly difficult to break even while house hacking a small multifamily. With all that said it does seem like an ADU could build a lot of equity and create better cash flow even if it takes quite a bit of upfront cash. I really appreciate your response and thanks for the feedback.