As Denver’s real estate prices continue to rise and investors search for new ways to maximize returns there has been an increasing mention of ADUs, and you may be wondering what they are.
ADU is an abbreviation for an accessory dwelling unit. ADUs tend to go by a more specific name that is used to describe the particular style that exists on a property. More familiar names for ADUs are carriage house, granny flat, mother-in-law suite, or backyard cottage. Each city has a different name for the units but the overarching description for an ADU is a detached secondary living quarter that is built on a single family home lot that contains sleeping, cooking, and sanitation provisions.
This course covers what you need to know about ADUs in Denver.
Course Price: Free
Completely free. No ads, no upsells, no affiliate links. Just good content! Rather than spending your money on a course, use it to help buy a deal.
Why do I give it away for free? One reason is that I genuinely enjoy creating content and teaching. It’ll spark conversations and debates that I always learn from. Plus, the more I give, the more I get. Providing valuable information grows my network which increases deal flow and new clients. My goal is to make money from real estate investments and doing deals, not selling “how-to” information.
Before you take the course: After doing this deep dive into ADU’s, it’s clear that from a pure investment standpoint, building an ADU is a poor investment. Why spend $200,000 and 12 months to build a place that can generate $1,500 to $2,000 in rent when you can use the $200,000 as a down payment on a fourplex to generate rents of $6,000+? Read a detailed discussion at BiggerPockets on ADU’s and why they are a poor investment.
Welcome to our updated series on Accessory Dwelling Units (ADUs)! This first episode will give you an overview of what an ADU is, basic zoning regulations, some considerations for building your own ADU, and various benefits and uses of an ADU.
In Episode 2 of our Accessory Dwelling Units (ADUs) series, we’re helping investors understand what kind of returns ADUs can generate. We ran a deal analysis on a property that includes a main house and ADU in the Cory-Merrill neighborhood of Denver. Because ADUs can be flexible, we ran three different scenarios to show the different options investors have for a property like this.
Welcome back to our Accessory Dwelling Unit (ADU) series! Anyone who wants to build an ADU first needs to understand their financing options. As ADUs increase in popularity, so too have ways to finance these structures.
To get a better idea of what these options look like, we talked to Troy Williams, a lender with Northpointe Bank. Troy contributed to our original ADU series several years ago and is an expert in the field.
What goes into building an Accessory Dwelling Unit (ADU), and how much does it cost? To find out, we sat down with builder Phil Daughton of Prenvalley Builders. He gave us an in-depth look at the process from start to finish.
- View our Colorado ADU Directory list.
If you have any questions, please reach out or leave them in the comments!