Advice on Building ADU/Duplex
Hello,
I own a property in Austin, TX where it seems difficult to get enough cash flow to make keeping the current house as a rental a good option (due to high property taxes, etc). I'm looking into options for tearing down and building a duplex or ADU and would love some advice on pitfalls, going with big builders vs smaller custom builders, etc, as a first-timer. We'd hate to just sell and cash out our equity if there's a better deal to be made in developing the property. Any Austinites have general pricing and outcomes on building projects of this type or know of some forum thread example cases I can take a look at?
Thanks!