FAQ
Most frequent questions and answers
about ADUs
The architectural plans are what we will need, even if you have not yet submitted them to the City.
A typical monthly cost of the ADU, when financed as part of a renovation refinance is $500. We offer a complimentary rate & term refinance when construction is completed, and that typically brings your monthly cost down to $450. Conversely, every $10,000 in construction costs $50 and $45 per month, respectively.
Nope. You home and land (which is the most expensive part) stay at the same tax rate. Your new square footage of the ADU is taxed at today’s rate, and they are blended together. We do not see a large increase. You can call your County Tax Assessor and they will estimate your new payment.
Yes. The ONLY out of pocket cost you will have is the appraisal. If we do a renovation refinance, you will also need to pay a HUD Consultant but that is reimbursable as part of the loan. Our goal is to pay for 100% of your costs, except the appraisal.
