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All Forum Posts by: Nicholas Williams

Nicholas Williams has started 1 posts and replied 2 times.

House Hacking

Post: How to find comps for properties w/ADU

Nicholas WilliamsPosted
  • Posts 2
  • Votes 3

@Dominic Rosato thank you for the suggestion.  It is exciting for sure!

1 Vote
Jersey City, New Jersey
House Hacking

Post: How to find comps for properties w/ADU

Nicholas WilliamsPosted
  • Posts 2
  • Votes 3

Hello!

I'm looking to house hack by converting a detached garage to an ADU. My town may be opening up permits for this soon, so I'm trying to prepare for the best case scenario where ordinances change to allow ADUs in the near future. My strategy is to short term rent the ADU.

I'm trying to understand the value of the property after adding the ADU so I can start shopping around for financing. What sites or approaches can I use, given my town has not permitted construction of ADUs historically, but there may be some non-permitted ones out there?

2 Votes
Jersey City, New Jersey