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Updated about 2 years ago on . Most recent reply

User Stats

94
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53
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Rik Hunter
#4 Innovative Strategies Contributor
  • Real Estate Agent
  • Chattanooga, TN
53
Votes |
94
Posts

Anyone in CHA done an ADU this past year?

Rik Hunter
#4 Innovative Strategies Contributor
  • Real Estate Agent
  • Chattanooga, TN
Posted

I'm finishing up rehab on a SFH with a large backyard and saw that Chattanooga approved ADUs of up 700 sq. ft beginning in May 2022. I've got room for that, so I'm considering a cash-out refinance on the SFH to get my money out and use it towards building an apartment above a garage ADU. I think it'd be cheaper that getting another property to rehab. Has anyone done this or in the process of it?

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