All Forum Posts by: Michael Valle

@Sherief Elbassuoni Thank you for your reply! We'll definitely take a look at the numbers. In our market, would you say that the long-term trend is moving towards lot size being more valuable in the city of Seattle with the new legislation to increase density?  Also taking into consideration Henry's point regarding Landlord/Tenant law. That's another reason why we may consider keeping all as is but would love to hear your thoughts.

@Henry T. Definitely something I'll need to take a deeper dive into. Thank you for your reply!

@Melissa Hartvigsen I'll take a look at the calculator on BP, thanks so much for your reply!

Hello!

I'm a beginner investor looking to get advice on whether or not it is a good idea to build an AADU and DADU on our property in Seattle.
Rent for the current SFR goes for around $2300 in the market and our plan with the two ADUs would be to rent them out and hold long-term.

It makes sense for developers to purchase an SFR and build two ADUs then condo each to sell - but in our situation, would building the ADUs to rent and hold make sense in the long run? What are other questions we should be asking ourselves? Thanks for your help!