All Forum Posts by: Brian Larson

I’d keep it. Selling seems short-sighted in a market like San Jose given the overall city market should rise throughout the next decade with the development from tech firms and downtown development and support from groups like the Knight Foundation.

Sounds interesting. Let the BP community know how it turns out.

@Jose Luis De Anda - try looking at HELOC option. That is what I am doing for my property in San Jose, CA.

Keep in mind, banks will only lend about 70-80% of the appraised market value.

@Josh Garner - Great Job. Thanks for sharing.

I think your rationale makes sense.

Maybe add an ADU to the property while you are at it for some additional income. Just a thought....

Build the ADU.

Most realtors can pull that information from the MLS for you.

@Marcos Urvina - the architect would base the cost of the average price per sqft in the area for the size of structure built. You cannot approach a contractor until you have a design.

Some contractors are “design build” meaning that they do both the jobs. If you are concerned about the process and cost, perhaps you should look for a design build company.

Lastly, as mentioned earlier, there are other ways that architects can charge for a project too.

@Theresa Harris is right. Check the reserves when buying a condo. They should have at least 30% reserves. If not, it could spell trouble down the road.

Most architects like to charge a percentage of the total build project but they are flexible and can bill other ways too.