All Forum Posts by: Adrian Chu

I think it depends what part of the country too. Here in Seattle, every plumber/electrician/HVAC/appliance service call is easily $200, not including the cost of the repair.  I just spent like $800 repairing the control panel on my oven (a 14 year old JennAir oven that retails at over $2000).  I also spent almost $3000 getting a furnace replaced during a snowstorm here.  Wish I had home warranty to cover for that.

I just spent almost $3000 on replacing a furnace in a home in the middle of a snowstorm.  Wish I had home warranty on that.

$150 is not a Seattle price :)

I am working on a similar project in the Maple Leaf area right now.  17k sq ft C1-75, 5 over 2 construction with underground parking.

How many units are you trying to build?  I'd estimate $300-350 hard costs + additional costs for ECAs like slope and/or any utility upgrades needed.  But keep in mind your sale price is for net unit area, not gross area. Parking itself costs a lot to build but does not add much sell-able value.  

Do you have an architect you are working with for the feasibility study?

@Mark Canton is based in Seattle.

For rough estimates, you can budget $300/ft construction cost.

There is a huge fee that needs to be paid out of pocket to develop homes in anything rezoned.

Still looking to sell this one?

I've been working with Todd Wilson, Advocates Law Group.

Are you inside Seattle city limits?

How big of an ADU are you thinking? Many people under-estimate the cost of building one. There is a lot of work to bring utilities to the back of the property. Appears you may have "critical areas" in the back of your property? In most cases, you would not be able to build anything near a creek, stream, wetland, etc.

 Very true!  Location, location, location.  The thing to know about land are its challenges:

- hard to finance

- lots of variables that affect development potential

- hard to generate rental income from