Wow, I can't thank you enough for the detailed cost breakdown and valuable advice! Your efforts are truly appreciated. It's amazing to hear that you're also in the Bay Area (I am in Milpitas). I would love the opportunity to see your ADU in person 😊. A beautiful ADU!
That was an excellent breakdown. Thanks for sharing! I’m currently under contract for an ADU I’m building in my backyard and think your budget was pretty much on par with what I’m paying.
Labor has been especially expensive after Covid years, even outside of construction. I'll try and make an Instagram post with some before+after pics, thanks for the suggestion!
While I didn't, it's very possible to get a construction loan since overall property value will go up after completion, and that equity can be extended in advance. The downside is that these loans may require you to refinance and have higher closing costs & rates. However, if you have a decent chunk of equity already built up on your house, you have the better option of a Home Equity Loan / HELOC, which allows you to borrow against your existing equity for less. This usually gives you a more flexible timeline for construction as well.
How did you get your city fees so low? I wanted to do an 800 sq ft ADU...but was told the impact would be too costly. So, I settled with a 746 sq ft ADU instead.
I didn't do anything special (doubt the city would negotiate with you either), the difference is likely that it's an existing garage conversion vs new build ADU. Imo I wouldn't compromise sq footage for any fees the city throws at you if you're in a HCOL area, the marginal benefit + property value added per sqft is usually worth it!
@@SubtleAsianRealtor Not sure, but my contractor said that it was a $10K cost to move up from 749 sq ft to 800 sq ft. I did my garage ADU as well. My garage was under 500 sq ft so my school fees were 0 but had it been above 500 sq ft, it would have been $3500.
@@mikef2811 10k is def a bit steep for fees, not doing the extra 50 sqft makes sense then. Every county has their own rules, but def surprising they're charging you an extra 5 digits of fee for that increase.
Would you recommend the 24 in. Built-In Smart Convection Microwave Drawer Oven (SMD2499FS)? I've been seeing many negative reviews about it. I am building an ADU and trying to find an Oven/Microwave combo.
Depends on what your priorities are, I'm leaning no. I think it's a pretty solid microwave but it's lacking as an oven. Doesn't quite cook things as thoroughly and evenly, I still use my old toaster oven for baking. The question is are you willing to pay a $2k premium to have your microwave nice and integrated and save some countertop space? If you're doing a small boutique ADU and barely bake, maybe? Otherwise, nah.
Yep, although when people talk about construction prices they usually compare just the contractor labor part (hence $170,000/800 = $212/sqft). It's because the price of finish materials varies a lot per person and does not scale linearly with sq footage (bigger house may not mean more kitchens/bathrooms)
Wow, I can't thank you enough for the detailed cost breakdown and valuable advice! Your efforts are truly appreciated. It's amazing to hear that you're also in the Bay Area (I am in Milpitas). I would love the opportunity to see your ADU in person 😊. A beautiful ADU!
I found this through an older reddit thread, thank you for sharing this breakdown!
Thank you for sharing a detailed breakdown. Your adu looks beautiful!
Excellent detail and result. Thank you for your transparency and sharing your perspective on where you decided to splurge.
That was an excellent breakdown. Thanks for sharing! I’m currently under contract for an ADU I’m building in my backyard and think your budget was pretty much on par with what I’m paying.
Banger episode as always king. The ADU GOAT 🏠🐐
Thank you so much for sharing the cost breakdown! Super helpful
You're welcome, glad you found it helpful!
Would you be willing to share your cost breakdown spreadsheet as a template for others to use?
Can you share the spreadsheet of the cost?
It looks great!
Great content!
The contractor costs are so expensive. It’d be helpful to show the before and after pictures.
Labor has been especially expensive after Covid years, even outside of construction. I'll try and make an Instagram post with some before+after pics, thanks for the suggestion!
Thanks for sharing your journey! We're you able to finance any of the costs at all?
While I didn't, it's very possible to get a construction loan since overall property value will go up after completion, and that equity can be extended in advance. The downside is that these loans may require you to refinance and have higher closing costs & rates.
However, if you have a decent chunk of equity already built up on your house, you have the better option of a Home Equity Loan / HELOC, which allows you to borrow against your existing equity for less. This usually gives you a more flexible timeline for construction as well.
Hi what type of wood did you use for the accent wall? 2x2 and what color did you stain it!
I got the home depot 2x1 cherry wood, stained it walnut colored without clear coat
How did you get your city fees so low? I wanted to do an 800 sq ft ADU...but was told the impact would be too costly. So, I settled with a 746 sq ft ADU instead.
I didn't do anything special (doubt the city would negotiate with you either), the difference is likely that it's an existing garage conversion vs new build ADU. Imo I wouldn't compromise sq footage for any fees the city throws at you if you're in a HCOL area, the marginal benefit + property value added per sqft is usually worth it!
@@SubtleAsianRealtor Not sure, but my contractor said that it was a $10K cost to move up from 749 sq ft to 800 sq ft. I did my garage ADU as well. My garage was under 500 sq ft so my school fees were 0 but had it been above 500 sq ft, it would have been $3500.
@@mikef2811 10k is def a bit steep for fees, not doing the extra 50 sqft makes sense then. Every county has their own rules, but def surprising they're charging you an extra 5 digits of fee for that increase.
How long is your ROI ?
4-5 years before turning a profit?
Would you recommend the 24 in. Built-In Smart Convection Microwave Drawer Oven (SMD2499FS)? I've been seeing many negative reviews about it. I am building an ADU and trying to find an Oven/Microwave combo.
Depends on what your priorities are, I'm leaning no. I think it's a pretty solid microwave but it's lacking as an oven. Doesn't quite cook things as thoroughly and evenly, I still use my old toaster oven for baking.
The question is are you willing to pay a $2k premium to have your microwave nice and integrated and save some countertop space? If you're doing a small boutique ADU and barely bake, maybe? Otherwise, nah.
Hi would you mind sharing architecture an d contractor's contacts?
Marked up the wazooo
Impressive
How much did your property tax bill change because of the new ADU ?
property tax up ~$2500/yr, assessed property value increase was up ~300k
Let's see
How much will this rent for ?
I'd say $3000 - $3500, rent is pretty steep in silicon valley.
@@SubtleAsianRealtorhow long did the project take? any major delays? what did you wish you knew before starting to minimize costs/headaches next time?
So it cost around 390 $ per SQF
Yep, although when people talk about construction prices they usually compare just the contractor labor part (hence $170,000/800 = $212/sqft). It's because the price of finish materials varies a lot per person and does not scale linearly with sq footage (bigger house may not mean more kitchens/bathrooms)
Thanks
Let's be real. This project's high end finishes and design were bound to make it roughly $400 per sqft.