Bay Area Real Estate Mom
Bay Area Real Estate Mom
  • Видео 85
  • Просмотров 71 131
Adding an ADU to Your Property: A Step-by-Step Walk Through
Hello everyone, I'm Maria, a realtor in the Bay Area and in this video, I sit down with Amberly, the VP of REALM to discuss their services and the process of adding an ADU (accessory dwelling unit) to your property in the Bay Area. REALM is not only available in the Bay Area, but also across the country to help homeowners with their ADU needs and any other remodeling projects. 👉 l.realmhome.com/KNz9dk Click the link to save 💰 on REALM services
Their services are affordable and the team is dedicated to making the ADU process as easy as possible for homeowners. In this video, I take you on a journey as Amberly shows me the ADU options, costs, and things to consider on my own property in Live...
Просмотров: 367

Видео

5 Reasons Why ADUs Are The Best Investment For Homeowners
Просмотров 62Год назад
If you're a homeowner, an ADU (Accessory Dwelling Unit) could be the best investment you ever make. In this video, I'll give you 5 reasons why building an ADU is a smart move for any homeowner. Since I'm a licensed California real estate agent there are some details in this video specific to California homeowners, but the information about creating cash flow to retire more comfortably or even e...
Is The Housing Market About To Crash Like It's 2006 All Over Again?
Просмотров 1162 года назад
The housing market is looking a lot like it did at the start of the last housing crash and recession in 2006... but, will it be as bad as 2006-2011? I don't think so. For one, who cares if home prices crash if interest rates soar? Rates are already at 7.25% with threats for another rate hike soon. There's been a lot of talk lately about another housing market crash. So what's really going on? D...
Build An ADU To Create Cashflow Before You Retire
Просмотров 822 года назад
Increasing your cashflow is vital if you want to retire. If you’re worried about having enough money to live on when you retire there are more solutions you may not have thought if yet. Building an ADU for cashflow! Seriously, everyone in or nearing retirement who doesn't already have an excess of money saved, or did but have been hit hard in the stock market, this is another option to consider...
Everything You Need To Know About California Home Renovation Loans
Просмотров 5972 года назад
If you're in the market for a home renovation loan, it's important to know your options. In this video, Bay Area real estate agent, Maria D'Aura, and California Mortgage Loan Officer, Will Johnson, take you through everything you need to know about California home renovation loans, the benefits of buying a fixer-upper home using a home renovation loan, and even using a home renovation loan to p...
California $40K ADU Grant Lender Answers Your Burning Questions
Просмотров 2,1 тыс.2 года назад
After posting my video about the CalHFA ADU $40K Grant program I received a lot of great questions. To answer your questions I connected with one of the approved CalHFA lenders, Will Johnson from BENCHMARK MORTGAGE. I interviewed Will and asked him some of the most common questions I received about applying for this California ADU Grant. We touched a bit on the new California ADU laws, savings ...
8 Home Buying Myths You Need To Know
Просмотров 312 года назад
There are so many myths and misconceptions out there about buying a house. If you're a first-time home buyer or even if you've bought a few homes in your lifetime, it can be really confusing to sort out what is fact or fiction. I'm here to tell you ... don't believe everything you hear, are told, read, or think you know. Chances are good that some or all of the information is not exactly correc...
Do NOT Sell Your House Until You Understand THIS
Просмотров 432 года назад
Seller disclosures are often misunderstood by sellers. I've had sellers flat-out refuse to complete the disclosure documents. One even consulted with an attorney who told him he didn't have to complete them, but it was in his best interest to disclose everything. He eventually did. As a seller, you don't want to leave something out and have the buyer come back accusing you of deliberately hidin...
10 Things You NEED To Know Before Getting A Mortgage
Просмотров 452 года назад
If you're planning to get a new mortgage to buy a house or refinance your existing home there are 10 things you need to know before you apply for a home loan. Understand your loan options, the application process, and what to avoid so your application process goes as stress-free as possible. Make sure you know the difference between prequalified and preapproved. Don't change jobs before getting...
Prefab ADU / Tiny Home Factory Tour!
Просмотров 5 тыс.2 года назад
Backyard Workroom Prefab tiny homes have come a long way. I recently went to Plano Texas for a tour of one Prefab ADU builder's factory. Backyard Workroom is building amazing homes that are perfect for anyone wanting to add an ADU to their property. They have created a solid product, with excellent use of space in their design, and made it super simple to bring into your backyard and assembly o...
5 Reasons Why Now Is A Good Time To Buy A House
Просмотров 712 года назад
Recent interest rate changes have made some buyers delay plans to buy a home now. If you're not planning to stay in the area for more than 5 years that might be a good decision, but if you're staying put for 5-10 years you might be letting an opportunity slip through your fingers. While interest rates have increased, they're still low from a historical standpoint. There's more reasons to consid...
STOP Paying PMI Mortgage Insurance
Просмотров 462 года назад
Stop Paying Mortgage Insurance Save money on your mortgage every month by canceling your mortgage insurance! PMI (Private Mortgage Insurance) and MIP (Mortgage Insurance Premium) can add hundreds of dollars to your mortgage payment. Watch this video and learn how to get rid of it! MORTGAGE INSURANCE CALCULATORS: FHA: themortgagereports.com/fha-loan-calculator CONVENTIONAL: www.nerdwallet.com/ar...
5 Tips To Get a Lower Mortgage Payment When Buying A House
Просмотров 9632 года назад
There are lots of ways to lower your monthly mortgage payment when buying a house. Most people know about the usual ways such as saving more down payment and having a good credit score to keep your interest rate down. In this video, I'm sharing with you the obvious ways to lower your mortgage payment and some not-so-obvious ways you might not have even thought of yet. If you want to buy a home ...
Here's Why You Should Buy A House NOW!
Просмотров 362 года назад
Interest rates on mortgages are up and expected to rise again next month. But this isn't necessarily a bad thing for buyers who can still afford the payment. Renting a home isn't getting any less expensive. So if you buy a home you'll just end up paying your landlord's mortgage. You could get priced out of your current neighborhood this way, especially if interest rates continue to rise. This l...
How To Get $40K FREE Grant To Build Your California ADU!
Просмотров 21 тыс.2 года назад
How To Get $40K FREE Grant To Build Your California ADU!
Sell Your Home NOW While You Still Can!
Просмотров 692 года назад
Sell Your Home NOW While You Still Can!
Are Home Prices Dropping?
Просмотров 1422 года назад
Are Home Prices Dropping?
Pros and Cons of buying a home in 2022
Просмотров 192 года назад
Pros and Cons of buying a home in 2022
10 tips when moving
Просмотров 142 года назад
10 tips when moving
Property Managers - worth the money?
Просмотров 702 года назад
Property Managers - worth the money?
Has the HOT housing market hit its peak?
Просмотров 772 года назад
Has the HOT housing market hit its peak?
How does the cost of living in Boise Idaho compare to the San Francisco Bay Area area?
Просмотров 1902 года назад
How does the cost of living in Boise Idaho compare to the San Francisco Bay Area area?
What if the experts predictions about the 2022 housing market are wrong?
Просмотров 3432 года назад
What if the experts predictions about the 2022 housing market are wrong?
Tenants Moved Out After 17 Years
Просмотров 632 года назад
Tenants Moved Out After 17 Years
Top 10 California Winter Destinations
Просмотров 1,8 тыс.2 года назад
Top 10 California Winter Destinations
Leaving California and Moving To Washington
Просмотров 9912 года назад
Leaving California and Moving To Washington
Livermore Christmas Lights
Просмотров 1282 года назад
Livermore Christmas Lights
How much less does it cost to live in Austin TX vs. the Bay Area?
Просмотров 6062 года назад
How much less does it cost to live in Austin TX vs. the Bay Area?
Don't get Into Real Estate Investing Accidently Like I Did
Просмотров 222 года назад
Don't get Into Real Estate Investing Accidently Like I Did
Leaving California and Moving To Idaho
Просмотров 802 года назад
Leaving California and Moving To Idaho

Комментарии

  • @gregorderas5296
    @gregorderas5296 2 месяца назад

    GREED

  • @nunyafawkingbiz
    @nunyafawkingbiz 5 месяцев назад

    I’m back and it’s May 31 and it’s 40 degrees outside ! Over Washington state this place sucks !

    • @Dayvakiin
      @Dayvakiin 3 месяца назад

      Perfect for someone like me who hates the heat with a passion 😂

  • @Hunterlp2022
    @Hunterlp2022 5 месяцев назад

    There is no benefit 😂😂 wtf

  • @louiscecere5636
    @louiscecere5636 10 месяцев назад

    I missed the contact info on this company. Can you give this to me please?

  • @liamdonaldson6449
    @liamdonaldson6449 10 месяцев назад

    So what happened to the links? Nothing shows up

  • @lanceevans58
    @lanceevans58 Год назад

    Did you actually buy one of these and get it permitted in your backyard????? I literally paid my ADU stick built permit fees yesterday about noon then saw this video about 5 pm. I started with the city over a year ago and each modular i took to our city planning dept they pretty much shot down for one reason or another. Doesn't help that I'm in a flood zone But i really thought that it would be a lot easier to just get a boxable and plop it in the backyard. Nope doesn't meet same type roof or same type outside stucco requirements. So how were you able to get this through your city permitting???

    • @legendnvfade6375
      @legendnvfade6375 10 месяцев назад

      One tip: U can ask contractors to install it following the city guideline before applying for the permit.

  • @alexv6620
    @alexv6620 Год назад

    if i own land, can i use this grant to buy prefabricated homes to rent?

  • @susannaguillory6590
    @susannaguillory6590 Год назад

    Why dont other states get on board. It makes so much sense. Texas ( where I live) just shot it down by two votes in the Senate, where it was passed in the house.

  • @jammerlyons1136
    @jammerlyons1136 Год назад

    I had an agent and broker the agent said I would not allow him to show it which is a total out lie straight up lie and she says that I asked her to withdraw the listing which I did not I actually called her to get some kind of common ground of some kind of interaction between me and the agent cuz it's all about him he says I didn't know you owe taxes that's because you haven't done a damn thing to give a s*** about what I have to say he comes in places out take Scrappy pictures by my house is uncapping junk they'd tell me if it's a cash sale it'll be that I have to settle for less dinner might be issues with the house so he's loved all of my ass probably going to sell over listing and keep it Wednesday and it didn't have to tell you anyting should have kicked his ass out of my house pepper spray that beat the s*** out of him and kick him out of my house when he walked in unannounced and uninvited

  • @gigiogu
    @gigiogu Год назад

    Beautiful! This almost looks like a ADU. What state do you live in and did you or contractor pull permits?

  • @nunyafawkingbiz
    @nunyafawkingbiz Год назад

    Washington is great in the summer but winter is the most depressing place I’ve ever been ! With winter approaching I get sad !

  • @latonyalee7821
    @latonyalee7821 Год назад

    I wish more people would do more research on these companies before promoting them. This company filled Chapter 11 Bankruptcy while in a Class Action Law Suit and later switched to Chapter 7 which means all the would be customers that put up money for these homes are now out of luck and most likely won't see a dime or a new house. It's really sad.

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom Год назад

      Absolutely, I get your point. It's disappointing that the company I personally visited in Plano, Texas, all the way from California, hit some serious financial bumps, eventually bankruptcy. Not something I was aware of when I visited the factory. It's a good reminder that no matter how rosy things seem, it's crucial to dig deep before making big investments and always do your due diligence because things can change at any time. Thanks for chiming in and sharing this update.

  • @garyhawkins6337
    @garyhawkins6337 Год назад

    This is a great knowledge and business

  • @ptheachansone7976
    @ptheachansone7976 Год назад

    Can it be done with only $50,000 ? I wanted something simple above garage most of the bones are there just an add on Any suggestions?

  • @radoflyr
    @radoflyr Год назад

    What is the impact of California's AB2221? I hear some fees are being waived.

  • @flyghots956
    @flyghots956 Год назад

    Iam trying but a house but don’t know if I would qualify

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom Год назад

      A lender can tell you exactly if and how much you would qualify for. Send me an email with your state and I'll let you know if I have a lender recomendation for you. maria@mariadaura.com

  • @atmo5237
    @atmo5237 Год назад

    Great post Maria, unfortunately according to the CALHFA website the funding has dried up for the time being. I wanted my forever home to include an SB-9 housing and a ADU. I am 71 yrs old and I want my forever home to be in the bay area, with room for my daughter and her pets. I DONOT want to end up in some old folks home to die. I am a Veteran of the wars in the middle east and I lived in the bay area for over 40 yrs.

  • @sylvianeoneill5215
    @sylvianeoneill5215 Год назад

    P.S. It was a great place to grow up!

  • @sylvianeoneill5215
    @sylvianeoneill5215 Год назад

    I grew up in Livermore, late 60's, 70's and early 80's. We used to say, "the only difference between Livermore & Pleasanton, was that Pleasanton had more trees". It was a great place to grow up!

  • @hectorgarcia9792
    @hectorgarcia9792 Год назад

    So basically it covers building applications, permits fees no building materials at all??

  • @pinchebruha405
    @pinchebruha405 Год назад

    Id love too but thé way LA treats landlords….it’s a big hell no for us. Really sad because we would’ve done this grant or not.

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom Год назад

      I hear people say this a lot and it's sad. Fear shouldn't stop you or should I say other's fears. There are plenty of landlords in LA, and all over California, who are doing just fine. Consider where you're hearing the fear from then go find someone who is doing it successfully and ask them how it's working out for them. Join an REI group in your area. You'll find plenty of people there to learn from.

  • @overemployed_0079
    @overemployed_0079 Год назад

    I currently live in the Bay area. I am now fully remote. Making over $300k. I plan to relocate my family to Houston this year. For me it will be a win-win. Going to rent in Texas, as oppose to renting in San Jose. My San Jose rent is $4,350. In Houston, in a very nice suburb, we will pay $3,350. My state income tax in California will disappear. My wife makes $125k in California. She will get to be a stay-at-home mom in Texas, until the kids get a little older.

  • @truthseeker5159
    @truthseeker5159 Год назад

    @BayAreaRealEstateMom, per www.calhfa.ca.gov/adu/index.htm: *All funds for the Accessory Dwelling Unit Grant program were fully reserved as of 12/09/2022* is it too late for us to get the grant if qualified? Per www.calhfa.ca.gov/homeownership/programs/termsheet-adu.pdf, *Any pre-development or closing costs paid up front by the applicant cannot be reimbursed as cash back but can be reimbursed as a principal reduction to the construction loan for the ADU.* , does it mean that anything already paid for architect can be paid to construction cost? Thank you.

  • @innalazarus8805
    @innalazarus8805 Год назад

    It’s not exactly 40k. $2,000 goes to a management escrow $2,500 goes to HPP cares

  • @MariE-go7ol
    @MariE-go7ol Год назад

    Thanks! I’m in the Bay Area too and totally looking to add a ADU to my backyard. Great information! Thank You!

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom Год назад

      Glad it was helpful, Mari! If you do go through the process please come back and give me an update. I'd love to come film a tour of your ADU if you're open to it. :)

    • @realtact
      @realtact Год назад

      Mari, can I connect with you? Am interested as well. Are you look into this particular 'Backwark Workroom' prefab?

  • @tenzinkunsal3729
    @tenzinkunsal3729 Год назад

    If my partner and I are unmarried but own a home together, does the income limit apply to our joint income or one of us?

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom Год назад

      Great question, Tenzin. This is a questions best asked to one of the CAlHFA approved lenders. I suggest you give Will Johnson a call. I'm sure he will have the answer for you. 619-295-9455

  • @blancaanorve7517
    @blancaanorve7517 2 года назад

    My daughter added an ADU in 2019-2020…. I understand she cannot go back and apply for this grant BUT is there a credit that she can apply/qualify for having built an ADU? Apparently, she was ahead of her time and this grant was not in existence when she took on the task of having the ADU constructed. Thank you.

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom Год назад

      Hi Blanca, I don't think there is any retroactive grants for building an ADU. That's great that your daughter got it built! I'm sure it will serve her well and be a valuable asset to her in the years to come.

  • @collef1136
    @collef1136 2 года назад

    Love your she shed. Love the floor. I wish I could find that flooring.

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom Год назад

      Thank you! Flooring is LVP from Lumber Liquidators.

    • @collef1136
      @collef1136 Год назад

      Thank you. I’m in Canada 🇨🇦 so not sure if we have that. Was looking at homedepot traffickaster. Pricey tho. 160 sq ft almost $500 before tax 13% 😵‍💫

    • @collef1136
      @collef1136 Год назад

      Ok just checked out lumber liquidators as it turns out there is one in the USA close to me. But it seems I need to re evaluate my price expectations. Apparently that’s a good price for the flooring. Who knew. Thank you so much 😘

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom Год назад

      So $500/sqft for 160 means it's running $3.13/sqft. That's doesn't sound too bad really. There are cheaper ways to go. I've seen sheet linoleum flooring that looks like wood. It even has the grooves where the planks would be. Looks pretty realistic and I'm sure it's a big less expensive. One thing to keep in mind is the weather and if you plan to keep your shed temperature regulated all the time. If you don't you might be better off with the linoleum or even carpet. The wood subfloor will expand and contract with temperature changes and that will mean plank flooring might shift. Mine has shifted a bit, but it's not terrible. I do then to keep the temperature inside pretty consistent as I use it so much. I think if I didn't the flooring would be a problem. Hope that helps. That said.. if you do go with the planks the thicker ones should give you less problems. Some are very thin!

  • @FredSweezerSr
    @FredSweezerSr 2 года назад

    Very good incentive to proceed go ahead and build, I designed an ADU for my daughter recently. Now is a good time to develop all the preliminary work such as the approved plans, permits and other non construction work to be in place for to start work by this coming spring.

  • @HowToADU
    @HowToADU 2 года назад

    Will, can Benchmark really reimburse clients who go out of pocket on pre-development costs? Or are you limited to paying down the principal of their loan? Thanks!

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom Год назад

      Great question! I'll message him and ask him to come over and reply.

  • @m.a.limjoco1051
    @m.a.limjoco1051 2 года назад

    Is the application for the grant electronic? I did download & print the application, but I’m not sure. Filling it out manually & emailing to hpp cares seems too outdated to be right. Lol

  • @vcdg_collections4751
    @vcdg_collections4751 2 года назад

    If i understand this correctly, the Home Owner needs to be pre-approved for an ADU loan prior to applying for the grant??

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      Great question. The requirements have changed a bit since this video was made. The way I understand it is the loan and the grant applications can happen at the same time, but the grant won't be funded to the homeowner until the homeowner has funded the account with the entire cost of the ADU build. It could be with a variety of different loan options in which case being approved for the loan would required, or if you have the cash to build without the loan you could bypass the loan entirely. The best bet is to contact one of the approved lenders on the CalHFA site and have them go other options with you. Will Johnson at Benchmark Mortgage would be a great person to talk to as he is experienced in the building process as well as the lending. Hope that helps

  • @NourSbr
    @NourSbr 2 года назад

    Great video Maria!

  • @pedroramires5049
    @pedroramires5049 2 года назад

    Great vedio

  • @lisablanco7767
    @lisablanco7767 2 года назад

    Do you know who I can get in contact with I live in Rialto California I would like to have a adu’s made in my back yard

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      Hi Lisa, It will depend on where you are with your planning, if you need financing, do you already own the property where you want to add an aud, etc. Not knowing any of your specific details it's hard to point you in the right direction. If you need financing I suggest starting with Will Johnson at Benchmark mortgage. Will Johnson Mortgage Loan Officer ADU Financing Expert BenchMark Mortgage (858) 526-3037 (619) 295-9455 (cell) Will.Johnson@benchmark.us NMLS #2109577

  • @ashleymachellecreative
    @ashleymachellecreative 2 года назад

    I wish Texas had grants for this

  • @MariE-go7ol
    @MariE-go7ol 2 года назад

    Thank you for this valuable information! I live in a nice neighborhood in Northern California with a huge mature backyard with trees but so much space! My backyard is much bigger than other neighbors backyards so I’ve been thinking of a ADU . I own my home and single so this would be good income used toward my retirement and to pay down my house. It seems I fit the criteria though I do have mortgage payments so not sure if you meant I must own my house as paid off in full or not.

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      Hi Mari, No, you don't have to pay off your home to qualify for the grant or to build an ADU. There are several options you can consider. Here's a few to consider: 1. If you have the funds to build the ADU then you wouldn't need a loan at all and could keep your existing mortgage. 2. Get a second loan such as a HELOC to pay for the building of the ADU 3. If you are old enough you could consider a reverse mortgage to pay for the build too. 4. You could refinance your existing mortgage as well and using a renovation loan could help you if you are concerned about the amount of equity you have. I did a video on renovation loans with a lender. Here's the link: ruclips.net/video/3xmhoERoATA/видео.html We also did a video about using a reverse mortgage to build an ADU: ruclips.net/video/v7KuhXYxhFw/видео.html His contact info is in the description of those videos. He is in San Diego, but can certainly help you in any part of California. Let me know what you decide and how it turns out.

    • @susanbayat9077
      @susanbayat9077 Год назад

      Himy dear can I have the website I could apply for it thank you so much

  • @realtact
    @realtact 2 года назад

    Great video, I have been looking and searching around both modular and tiny home. This is the best so far. Do u have recommendation for experience contractor to have this install in the bay area?

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      Thanks! I don’t have a recommendation for a contractor at this time. Back Yard Work Room Might be able to make a recommendation. When I was at the factory they were shipping one out to Sacramento area. Might be possible the contractor who did that one would come to the bay area. Maybe. I have a meeting with a bay area contractor today for another project, but I plan to ask them about this as well. If they do these I’ll let you know.

  • @sabinafreder1676
    @sabinafreder1676 2 года назад

    $60,000 is a lot. Whats the best one price out there

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      Hi Sabina, I can't say for certain what the best priced one is as I haven't priced them all. Back Yard Work Room also has a smaller version, a studio, that last time I checked was about $43K.

    • @realtact
      @realtact 2 года назад

      This is the best tiny home if not the best price. You can even take it down easily in the future if you want to or expand it if needed as well.

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      Yes! It is one of the more affordable ones I've seen as well. The Lego like building of it is also appealing as you could relocate it or as you said.. expand if it as well. Perhaps you don't have the funds right now for a larger home you could start with the smaller one and add on to it in the future. So much flexibility.

  • @BeckhamHomeLoans
    @BeckhamHomeLoans 2 года назад

    I know this grant has to be with a Cal HFA approved lender but does it have to be a CalHFA loan? As an example, my Cal HFA lender does not do the ADU loans so we're going to use the Fannie Mae Home Style Renovation loan. So, CalHFA approved lender but doing a Conforming loan ... not a CalHFA conforming. Wil the grant still work?

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      You can only get the grant by going through of the approved lenders on the list published by CalHFA. I've personally spoken Will Johnson from Benchmark Mortgage and find him to be very knowledgeable about the entire process. I suggest calling him. 619-295-9455 . If you want to see the entire list of lenders here's the link: www.calhfa.ca.gov/adu/#apply

  • @leonelvelarde4921
    @leonelvelarde4921 2 года назад

    Not me. You gotta own your property to qualify for LOAN, this is sort like grand, why is it a LOAN? IT LOOKS AND SOUNDS LIKE SOME KIND OF SCAM TO ME. LBV

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      There are a lot of scams, but this definitely isn't one of them. Yes, you have to own the property you plan to build an ADU on. Maybe your landlord wouldn't care if you wanted to spend the money to build her an ADU, but it's not a good idea. Now that would be a scam. The $40K is not a loan, it's a grant. AKA Free money. When the program started the only way to get it was to go through an approved lender, however that has changed. Anyone who has the cash already to build their ADU can go through another process that does not require a loan to get the grant. Hope that helps.

  • @leighcarson-braun4874
    @leighcarson-braun4874 2 года назад

    Great video!!

  • @geekarobertson
    @geekarobertson 2 года назад

    What if you build a tiny home adu and it doesn't cost more than 40k. Do I have to qualify for a loan

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      There are now options to get the grant without a loan. Check the CalHFA site for the providers offering this option.

  • @MeganTravelsTheWorld
    @MeganTravelsTheWorld 2 года назад

    Currently in the process of building an attached ADU in our home in Murrieta, CA. It is going to be 499 square feet (living room, kitchen, bedroom, bathroom). All ADA to meet the needs of my grandmother. I definitely recommend shopping around as much as possible even for architects. Got our plans done by a 68 year old veteran for $2,400. He outsources the title 24 and structural engineering so we will owe a tiny bit more for that. We already have the plans, just waiting on the outsourcing work to be completed then we can officially submit to the city for permits. I saw the grant money and was curious if it can cover retroactive work? The overall construction is going to be about $200,000 and I've already retained a contractor.

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      Hi Megan, Sounds like you got a great deal! My understanding from talking to one of the program approved lenders is you can apply the grant to things you already paid for. Save all the receipts. Be sure to verify this with an approved lender incase i misunderstood or anything has changed. Call Will Johnson at Benchmark for clarification 619-295-9455

    • @marytruong8247
      @marytruong8247 Год назад

      @@BayAreaRealEstateMom They don't reimburse back if you already paid out of your pocket even if you have receipts. I got informed through the staffs from adu grant non profit organization.

    • @armenassaturian5850
      @armenassaturian5850 Год назад

      400 $ sqft ! Can you give a list of costs why it cost so much I heard it's around 100-120k

    • @edd2184
      @edd2184 Год назад

      I'm in Socal I'm being quoted 264k for 1200 square feet. Maybe get another bid

    • @jiefuzhang5589
      @jiefuzhang5589 Год назад

      Get another bid. OK? 200k for 500 square foot is outrageous.

  • @valleystylez1
    @valleystylez1 2 года назад

    You are SO fine!

  • @margaretlane-broussard2070
    @margaretlane-broussard2070 2 года назад

    my mother has Vad a form of Dementia. needing to prepare 😪

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      I'm very sorry to hear this, Margaret. This is one of the reasons being able to add an ADU to your backyard is so valuable. I hope you make it work for you and your mom.

  • @annb5610
    @annb5610 2 года назад

    If you currently have a 3% interest rate what is the interest rate on a reconstruction loan does it make it worth it or not with the current rise of interest rates..?

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      Great question, Ann. If you currently have a great rate on your mortgage I suggest looking into a second loan, such as a HELOC and not refinancing your entire mortgage. Although doing so might workout for some investors looking to rent out their ADU. You never know. It's best to contact a lender, such as Will Johnson if you're in California, and ask them to go other all the scenarios with you so you can make the best choice for your needs. Will's contact information is in the description.

    • @annb5610
      @annb5610 2 года назад

      @@BayAreaRealEstateMom Thank you

  • @SacramentoRealEstate
    @SacramentoRealEstate 2 года назад

    Informative video about renovation loans and construction budget. Well done!

  • @novelera80s91
    @novelera80s91 2 года назад

    Wow so informative Ty so much! I’m planning for my mom to love with me but she’s not ready to leave just yet so I will need to rent it until she’s ready. I’m in Lancaster, ca and would like to build a 1200 sft adu. I never use my backyard anyways.😊

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      Great plan! 1200 sqft seems huge for an ADU to me. That is going to be a pricey build. Let me know how it goes.

  • @jennifergibson7469
    @jennifergibson7469 2 года назад

    Do prefab ADUs qualify for this grant?

    • @BayAreaRealEstateMom
      @BayAreaRealEstateMom 2 года назад

      Great question, Jennifer. I actually asked one of the CalHFA lenders I interviewed. Just posted the video you can check it out. Short answer is yes, but might not have as much pre-construction costs as a traditional build would.