All Forum Posts by: Suganya Vinayakam

@Delbert Standifer please be posted after receiving new appraisal value for your adu with main home

Thanks for all your input. @Alberto Cioni Mine in South Bay. Did you appraise your property after completing your adu build? I read some articles stating that it appraise 100times of rent sometimes appraiser appraised it based on income generated by that unit. is that true statement?

I'm currently constructing an ADU in Southern California. While I haven't remodeled the main house, it's situated in a highly desirable neighborhood. I'm interested in understanding the increase in value that the newly built ADU will bring to the current value of the property. will it be appraised for same cost per-sqt as like main house? Did anyone appraise the property / sold after adding adu?

 I am doing fix and flip in california. Please dm me to discuss more.

Hi Sebastian,

I am currently doing fix and flips. How can I help you. DM me.

I am currently in search of a general contractor for my fix and flip project in southern California. I would greatly appreciate it if you could provide me with referrals for reliable contractors. Thank you!

@Lauren AndreaYour primary residence is the location where you filing your w2 taxes. If you are salaried in California, then that would be your primary residence. I can suggest that you consider purchasing a home using an FHA loan with a minimum down payment. However, please note buying homes with accessory dwelling units (ADUs) may cost more in LA. It might be beneficial for you to buy a home in a desirable or upcoming neighborhood where you can rent out rooms. Over time, you can then build an ADU and accumulate equity in it. Remember that, according to FHA and conventional loan guidelines, you should not rent out the entire house within one year if it is classified as your primary residence.