Tag

Adu

All articles tagged with #adu

real-estate16 days ago•11 min saved

LA Homebuyers Turn to Rentals to Pay the Mortgage

A Hollywood couple seeking a quieter home in the San Fernando Valley pursues a plan to offset costs with rental income by adding an ADU; leveraging renovation loans (FHA 203k and HomeStyle Renovation) to wrap renovation costs into the mortgage, they evaluated three LA-area properties with ADU or multi-unit potential (Highland Park three-unit hillside home, Van Nuys corner lot with an ADU, and a Reseda cottage with space for an ADU) with projected rents around $3,200–$3,500 per month.

via The New York Times|

#adu #los-angeles #real-estate

lifestyle2 years ago•2 min saved

Affordable and Sustainable Tiny Homes: Latest Offerings from Home Depot.

Home Depot is selling a 540 square-feet "Getaway Pad" tiny home frame for $43,832, but it will cost more to complete the design with windows, doors, and other finishings. The steel frame is resistant to termites, mold, rodents, and bugs, and can withstand inclement weather conditions. As tiny homes and accessory dwelling units gain popularity as an affordable alternative to traditional housing, Home Depot's offering may be of interest to those looking for a sleek and modern design.

via Business Insider|

#adu #affordable-housing #design

housing3 years ago•4 min saved

New ADU financing options on the horizon

The Federal Housing Administration has proposed changes to its guidelines that could make it easier to buy a house with an accessory dwelling unit (ADU) or to build one. The proposal would allow lenders to offer renovation loans to build ADUs and consider future rent from the unit when calculating how much a customer can afford to borrow. The proposal would address one of the main barriers that people with little home equity and low to moderate incomes encounter when they try to get a loan for an ADU.

via Los Angeles Times|

#adu #federal-housing-administration #homeownership