Government rules strongly limit the development of ADUs, but they are not the only factor.
If the “grassroots” nature of their development is properly understood, ADUs have a lot of potential to address affordable housing needs.
Will building an ADU raise your property taxes? Very likely yes. Is that a good thing for the community?
Appraisals for ADUs have always been tricky. Here is a new guide to help appraisers, real estate agents, and finance professionals understand current “best practices” for appraising ADUs.
Financing your ADU has become easier. I am sure that when someone mentions financing, or budgeting, or anything to do with numbers for a project there is a slight shudder … Continue reading
In most markets, financing the construction of ADU’s is notoriously difficult. When constructing an ADU, you need to have all the cash upfront to pay a contractor for the cost … Continue reading
Today the Appraisal Journal publishes a research paper about residential properties with accessory dwelling units (ADUs). The paper describes an income-based method for appraising properties with ADUs, and concludes that … Continue reading
As a mortgage broker in the Portland area for almost 8 years, I’ve learned “the harder I work, the luckier I get” is really true. In this instance hard work … Continue reading
I spent a lot of 2011 learning about Accessory Dwelling Units (also known as in-law units, granny flats, backyard cottages, etc). Beat that in terms of geekiness! (Okay, I bow … Continue reading
In a post on my personal ADU blog, I described an awesome building incentive that was made available for my ADU from the Energy Trust of Oregon (ETO). My ADU … Continue reading
[update Nov. 2012: the paper, including updated results, is out in Appraisal Journal... click here] This year I’ve been working with appraiser Taylor Watkins of problem of appraising properties with … Continue reading
(Update January 2013: please note that the research on which the following piece was based has now been published in Appraisal Journal. Please read the full text of that article … Continue reading