Since I plan to hold this property long-term, I don’t care about increasing official square footage, I just want a functional space.Question: Has anyone here done a “garage upgrade” or ADU extension like this, pulling permits for essentials (bathroom, electrical, replacing garage doors with walls/windows) but keeping it simple otherwise?

The clear path forward is simple: SFH construction in strong markets where sale price per square foot can better absorb today’s costs.

I tend to be on the practical side, so I ask practical questions.Are you needing financing or do you have that part squared away?

It's 130 bucks a square foot to build

In other words, in many markets, new homes are now selling below existing homes on a price-per-square-foot basis.This isn’t a small shift.

I make sure, with my clients, that square footage and finishes are taken into account and your not comparing your pricing to something that isn't actually comparable.

Also, think out of the box and see how well-situated land or existing buildings can generate revenue without maxing out the buildable square footage/unit count.

Have a couple of small 2-4 unit properties in Albany Park and Lincoln Square, about 10-15 minutes from one another.Thanks!

I am becoming more involved with the business so I decided to get my brokers license and learn more about how other people manage larger complexes.

If you’re looking for a solid STR co-host in DC, check local Airbnb Facebook groups or the “Co-Host Marketplace” on Airbnb — lots of great local options there.Co-hosts usually charge less (10–20%) and offer flexibility, but you’ll stay more involved.