All Forum Posts by: Eneg R.

Quote from @Robert Ellis:

Quote from @Eneg R.:

Hello everybody, specifically asking for the Fresno, CA area. Currently have a small rental sfh on a lot that can clearly build at least a 4 unit on it. Just curious what people have ran across to build these days? Another possibility I looked into is simply leave the current SFH as is since we have long term tenant, but build ADUs on the lot. It is big enough to build at least 2 separate ADUs. I have to check on codes/laws/regulation, but I know CA is on a high of making thinks convenient to build those at the moment. My only concern is I believe most ADUs all tie into the same utilities and would be 1 bill. Anyone have any experiencing getting the city/utlities company to add separate meters?

in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews. I have 10 years of construction experience and my partner does as well. I don' know any builders in our market that can build less than $180 per square foot. do you have any exampless of what you want to build I could let you know. don't build an ADU the size is too small you'll never get the value out of it. I'd build up and go for at least 2 units but 3 stories is better. 3 story walk up apartments account for almost 65% of apartment developments round he country. this is what I'd recommend on your lot. this is 35' tall and we do it in columbus oh

 Wow, I wish we had even $200/sq ft here in California. Just brief research is showing about $300-350/sq ft for basic build. Just a simple 499 sq ft city approved plan, single story, 1 bed/1bath/full kitchen adu with living space.

Hello everybody, specifically asking for the Fresno, CA area. Currently have a small rental sfh on a lot that can clearly build at least a 4 unit on it. Just curious what people have ran across to build these days? Another possibility I looked into is simply leave the current SFH as is since we have long term tenant, but build ADUs on the lot. It is big enough to build at least 2 separate ADUs. I have to check on codes/laws/regulation, but I know CA is on a high of making thinks convenient to build those at the moment. My only concern is I believe most ADUs all tie into the same utilities and would be 1 bill. Anyone have any experiencing getting the city/utlities company to add separate meters?

Don't forget new lennar homes (or ANY NEW HOME) forces you to either puchase the solar outright or lease it. Purchasing it usually adds another $20K to purchase price. 

$2500 I find is on the highside for a 3/2. But it also varies on how many sq footage the house is. Rent that I've seen going for $2500 are closer or at/over 2000 sq ft. I have seen many 3/2 rent for way under $2500 and more like low $2000s when sq footage is only 1500-1600 sq ft.  and many pretty new homes

The valley is AG based. North Fresno/Clovis tend to have higher income earners and those making higher income are either in healthcare, education, gov. and most recently working remote moving from the bay area--but the latter probably purchased homes and arent renting--actually most of those in that industry I mentioned. So you have to find the sweet spot in rent to not be too high because those who can afford it just end up buying a home. But if you price too low, you probably are in the negative especially buying a BRAND NEW HOME in current real estate market in 2021 which has seen Fresno at all time high. Recent reports shows 10+% increase year over year from 2020 and ranked 26 out of 50 big cities in growth. 

Hello 559. I've come into possession a home that sits on a 9000 lot size around Highway City. I checked zoning and its zoned for CG. 

Some data I got shows neither single or multi unit residential is permitted, but there is a single house currently on the land and has for decades, in use, paying property tax, etc etc. 

Is there anybody familiar with zoning and things like this? Can I tear down existing home and build like 2 or 3 units on it? 

This is data from the city