We do not know when or what the new normal will be in 18 months for society.

They are asking $80k but I would bid perhaps $60k it needs some modernizing. 

Property is 1,148sqft, 3bed, 2bath, family/living room, kitchen/laundry.Work that i would like to do:- brand new kitchen- 2 brand new baths- all cosmetics brand new- some if not all windows need to be replaced- convert from wall furnace to central A/C and heat- raising ceiling from 8' to 9' - new roof- want brand new modern exterior look- landscaping and maybe a new driveway- water/drainage/gas piping condition unknown.  

Type of ADU Assumed SF Price/SF Total Cost Sample Monthly Rent in Oakland Valuation Net Equity Shipping Container Conversion to Modern ADU 160 $ 300.00 $ 48,000.00 $ 1,500.00 $ 216,000.00 $ 168,000.00 Garage Conversion to ADU with existing foundation 500 $ 300.00 $ 150,000.00 $ 2,000.00 $ 288,000.00 $ 138,000.00 Garage Conversion to ADU without existing foundation 500 $ 400.00 $ 200,000.00 $ 2,000.00 $ 288,000.00 $ 88,000.00 Basement Conversion to ADU with existing foundation 500 $ 300.00 $ 150,000.00 $ 2,000.00 $ 288,000.00 $ 138,000.00 Basement Conversion to ADU without existing foundation 500 $ 400.00 $ 200,000.00 $ 2,000.00 $ 288,000.00 $ 88,000.00 Detached ADU with traditional prefab modular 500 $ 250.00 $ 125,000.00 $ 2,200.00 $ 316,800.00 $ 191,800.00 Detached ADU with modern prefab modular 500 $ 350.00 $ 175,000.00 $ 2,300.00 $ 331,200.00 $ 156,200.00 Detached ADU with on site build easy access 500 $ 300.00 $ 150,000.00 $ 2,200.00 $ 316,800.00 $ 166,800.00 Detached ADU with on site build difficult access 500 $ 400.00 $ 200,000.00 $ 2,200.00 $ 316,800.00 $ 116,800.00

And while people want to blame it on the virus our economy & society had deep flaws & risks many ignored & would not discuss like entitlements, socialism creeping in over decades & more like national debt & of course the elephant in the room of Federal Reserve manipulation & Keynesian not Austrian/Biblical Economics!

Our washer broke down a few months ago so I went to a modern laundromat in my small town-they also did wash n fold.

Hard surface flooring, modern colors & feel, good materials.

Hard surface flooring, modern colors & feel, good materials.

It all depends on how long this situation lasts, how much this impacts homeowners, who have already been told that there will be loan forbearances in place, if they qualify, and whether we as a society are truly able to follow the rules and "flatten the curve".  

The most common updates, just to modernize, are bathrooms and kitchens.