Backyard Transformed into an Investor's Dream Project | 500 Sq Ft ADU Tour
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Published 2023-03-25
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Special thank you to Nima Moradi of NorCal ADU Builders for participating and providing the footage of their ADU process!
TIMESTAMPS:
0:30 ADU construction process
4:00 ADU benefits, passive rental income
4:57 Success on Airbnb
5:26 Maximization of multi-family property
6:27 House hacking
8:30 Net cash flow per month
9:09 Advice for homeowners and investors
WHAT IS AN ADU?
ADU stands for accessory dwelling unit. An ADU is a permanent additional housing structure built on a property that already has a main home or main structure. You may have heard them referred to as granny flats, casitas, guest houses, or in-law suites. They can be built on a single-family lot or multi-family lot (duplexes count as multi-family).
An ADU has its own entrance, separate from the primary house, as well as a kitchen, bathroom, and living space.
Accessory dwelling units can be rented year-round and add a lot of value to your property. They can be garage conversions, stand-alone units, attic or basement conversions, or be attached to the main house.
ADUs are exceptionally flexible, and most owners find that their use for the unit evolves over the years, including passive rental income.
Nima is just one of many California residents that have taken advantage of the state's progressive ADU regulations to maximize the potential of his multi-family property.
Nima and his wife own a triplex property that was already bringing in passive rental income from renting two of the living spaces. After learning about ADUs, they realized their backyard was a prime spot to build a FOURTH liveable space that could be rented, and so they got to work.
Nima decided to take on some of the construction work himself which was quite a feat while also working a full-time job but through all the hard work, their ADU was built and ready for move-in after just four months.
The final cost of the project came out to about $76,000, including design and permitting fees. This is well below the average cost for an ADU of this size since Nima did a lot of the construction work himself, but unless you have the construction experience and time, you may want to leave that job to a general contractor.
"That definitely came at the expense of a lot of long nights, a lot of effort, and a lot of sweat that went into it." - Nima
Finding a reputable general contractor can be daunting. Even Nima ran into some problems with one of his subcontractors, which is why Maxable is devoted to helping homeowners find vetted and experienced ADU professionals to help complete your project. Visit maxablespace.com/ for more details.
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Music credits:
New Lands by Alex-Productions | onsound.eu/
Music promoted by www.free-stock-music.com/
Creative Commons / Attribution 3.0 Unported License (CC BY 3.0)
creativecommons.org/licenses/by/3.0/deed.en_US
All Comments (21)
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Anyone else notice the bong on the counter @3:34 LOL
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Your electrical and plumbing tradesmen behind the wall work looks very neat. That’s a good sign. 😊
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Love the project! So great that he is able to use a property that his family bought and then add so much value to it and at the same time adding rental units in the community helping to decrease rent values in the area! Great way for young people to decrease their dependency on a full time jobs! All these large lots should have an ADU. This will not take the homeless out of the streets, but will help increase inventory of rental properties in the area and overtime decrease rent rates. Win win for the home owner who wants to get ahead in life and live a comfortable life with his family and for the community in general. The new ADU laws in CA coming out in 2024 should help increase the numbers of these ADU's.
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Such a great video detailing the steps involved. I'm inspired.
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This was a great video! Only con I would say is the music playing while you were talking or at least have it turned down even more
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Love the Video! I love that you took to many videos and pictures during the project! I looked like you really care about your work!
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House Hacking and an ADU. Thats incredible!
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Love ADUs. Nice video.
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Good info. Thanks for sharing
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Loved the step by step!
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The layout reminds me of the San Mateo County Pre-approved ADU plans. Also, some cities require property owners to live on property if renting out ADUs (or live in the ADU and rent out main home) so check with your local codes/rules to make sure this type of house hack is best for you.
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great video!.
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In Lincoln! Good play!
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How do you get someone to build you one. I can sub out but. I need build lay out plan ??
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What was the cost of sewer and plumbing?
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Im looking in putting a few of these on my land next year.
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This was a great video.
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Is there a way I can get access to the floor plans?
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Can you send link to Airbnb listing?
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Or is it best to get a shed and then go from there??
