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All Forum Posts by: April O'Hare

April O'Hare has started 1 posts and replied 4 times.

Post: Why is building an ADU in Denver so expensive?

April O'HarePosted
  • Denver, CO
  • Posts 4
  • Votes 1

I don't know, but the city's limits on how large an ADU can be (1,000 sq ft max no matter what size your lot is) is what ultimately had me running away from the idea. (Well that, and not wanting to bother with getting a variance for it) Why the hell would I spend $250,000 for just 1,000 square feet when my double lot can fit something much larger and still not run into problems with the max zone lot coverage? It's hilarious to me that they think this comes even close to any sort of solution for the housing shortage. I am curious to see what the West Denver folks come up with for pre-designed plans. But unless there is magically more contractors who can actually build them I don't see it being a very good solution at all.
  
My guess for why the city is pushing them?  Because homeowners are whiny about density and don't love the ugly 4 plexes going up in their neighborhoods but seem to be ok with the idea of ADUs.  It makes Denver look like they're coming up with a solution to the housing crisis and appears to be "win-win."  Too bad very few people are actually going to bother building them at the prices they are right now.  Here in Villa Park where I live, a ton of the neighborhood is already zoned for it and has been for some time now.  Yet very few homeowners have actually bothered to build one.  They're just too expensive.     

Thank you, @Matt Pritchard  For some reason I didn't see this until now!  

@Michael H.  Thank you so much for chiming in!  I appreciate it!

@Andrew Syrios Thank you for commenting as well.  I was curious if Hyde Park still has some growing to do in terms of popularity as a place to live compared to Waldo?  Or do you feel that it's essentially already as nice as it's going to be?  (Talking about the fringes where the apartments are mixed in and not the crazy huge, grand houses with yards in the center)

Hi Everyone,

This is my first time posting on bigger pockets although I've been lurking and reading and listening to a bunch of the podcasts. My husband and I are interested in buying an investment SFH here in Kansas City and we've done a lot of scouring of the areas and think we have our top locations narrowed down.

I think we know which direction we're leaning toward in regard to area but I'd love to hear some other opinions from the local people in the know since we aren't from here.

So my question is which location is more attractive to buy and hold in.  i.e. Which one do you think has the bigger potential for appreciation?  I know KC is more known as being a cash flow type of place and you shouldn't count on appreciation but if you had to guess?  I know which one I suspect of being best for this but wanted some unbiased responses to compare to my own pretty uninformed opinion, :)  

A.)  Hyde Park/Hanover Place area of town

-I personally love this area.  It's historical while being super close (walking distance even!) to Westport.  

B.)  Waldo

-To me this one seems rather far from the action but seems to be a perennial favorite in KC?  Clearly a great family location.

and just to throw a wrench into things a little, what about

C.) Longfellow (Hospital Hill?) 

I also dig the proximity of this location to Crossroads/downtown but it seems smaller and sleepier than Hyde Park.  

I'd love to hear your thoughts!  Thank you for reading!