An ADU can bring quite a bit of additional income to you if you decide to rent it out. It can also add a lot of value to your home. However, coming up with the initial investment to build the ADU can be difficult even with the plethora of financial options. That is why we put together a few ideas to help you build your own ADU on a budget.
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Work With A Local Contractor
You should never work with the cheapest contractor you can find because often they are the most expensive in the long run due to mistakes and hidden fees. However, we do suggest working with a local contractor that has experience in your area.
We suggest this because many local contractors have existing relationships with suppliers. As a result, they are often able to get you really good deals on your materials that you wouldn’t be able to get otherwise. Thus, saving you money on the construction costs of your project.
Consider A Garage Conversion
There are many different types of ADUs. All of them have their own costs associated with them. With that being said, the cheapest to build is usually a garage conversion.
If you have a garage you don’t use very often or one with an upstairs, then you should consider converting that into an ADU. However, if your garage is in rough shape and doesn’t already have electricity and water flowing to it, it may not be the cheapest option for you.
Your best plan of action is to look into all the different types of ADUs and the costs associated with them for your specific needs and then determine which one will be the best to build mobile home.
Install Energy-Efficient Appliances
When building your ADU, you also need to think about the future costs of living in it. If you are going to be paying them, save yourself the money and invest in energy-efficient ADU appliances. For example, tankless water heaters only heat water when it is needed. As a result, you can save up to 60% on your water heating bill.