All Forum Posts by: Mayra B.

Hello forum,

We manage a huge lot across the beach, we are thinking we could use this lot for outdoor activities, ie: Outdoor Gym, Food Truck, outdoor movie theater, etc. Something that won't increase chances of people getting Covid, of course. 

Would you please give us some ideas we could use this lot?

Thank you!

MB

@Karen Margrave I live in Irvine but we are looking to buy in HB, Costa Mesa, Fountain Valley or any other cities

Thank you Scott!

Hello everybody,

We need advice from someone with expertise on: Building ADU's, transforming detached garages in studios, house renovations and constructions costs in California.

What kind of professional you guys think we should look for and hire?

- A Contractor

- A Real Estate Agent

- An Architect

- Other?

Thank you,

MB

I'm in the process of purchasing a SFR 3bd/3ba with a lot size over 7,500 sq. ft.

The idea is to build an 800 sq.ft. ADU/Granny unit on it. The ADU will generate a rental income of 2,000 a month.

The cost to build an ADU unit in California is about $200 per sq. ft about $160,000 cost

There is also the alternative to install a prefab unit made of storage containers and the cost for the same sq. ft. is $100,000.

Both alternatives will generate the same rental income of $2,000 a month.

If I decide to sell the house in about 5 years, having a prefab unit will not increase the value of the property as much as if I have conventional construction unit?

What are your thoughts of what type of construction to do?

Spend less on building a prefab unit or go for the conventional construction to get a better sales price when I’m ready to sell the house?

Thank you.

MB

Hi Joe, how do I contact Rafael Pozas? I'm new in this forum so I don't know how to email him at @Rafael Pozas

Thank you,

Mayra 

Hello,

My husband and I are looking to buy a SFH in SOCAL with a big lot (>7,000 sq ft.) to build ADU unit in the back yard and we would live in the SFH.

Does any one in this forum could recommend any Lenders that specialize in ADU's?

We are looking to get approved for a home loan.

Any suggestions?

Thank you,

Mayra B

Thank you Matthew, great advice!