Welcome back to episode 39 of “The Morales Group Show!” Today, Mike Figueredo, the owner of Viridi Construction, joins me to discuss one of my favorite real estate topics: constructing ADUs (accessory dwelling units). Mike works on ADUs every day, so he’s a specialist in this field. Today he’ll provide us with valuable information and give us some insight into the ADU process from the construction side.

 

Learn all you need to know about building ADUs by watching the video above, or else feel free to use the timestamps below to navigate the conversation at your leisure. 

 

3:00—What exactly is an ADU?

6:00—The difference between a JADU and an ADU

7:05—Can you convert a condo or townhome to an ADU?

8:25—Can you convert a single-car garage to an ADU?

9:19—Financing ADUs

10:53—Secured loans versus unsecured loans

15:05—What’s the process look like for someone thinking about building an ADU?

17:00—How long does it take the architect to submit the plans to the city?

23:30—The cost of a typical permit, plus some tips about to avoid being taken advantage of

27:40—What modifications are required to convert a two-car garage into an ADU?

31:30—What sort of costs can people expect to crop up during the process?

33:15—Is there a benefit to someone trying to manage this project on their own versus hiring a professional?

38:40—Is it more expensive to convert a two-car garage into an ADU or to just do ground-up construction?

40:00—What is a reasonable price per square foot for the standard plan?

43:08—Could someone who converted a one-car garage into an ADU add onto it to make it larger?

44:20—Is the ADU process or the new construction process faster?

48:30—Will an owner have to start from scratch if an aspect of their ADU isn’t legal?

49:35—Will an ADU change the property taxes for the homeowner?

50:55—Can you have separate meters for an ADU?

53:35—Do ADUs come with a separate address from the main property?

54:30—Wrapping up the conversation

 

Many people don’t think about ADUs not because they don’t want to build one, but rather because they don’t understand the process they’d have to undergo. That’s why this conversation with Mike Figueredo is so important—he’s helping people move one step closer to making more informed decisions about the kinds of things homeowners can do with their properties.

 

To learn more about the ADU construction process, visit www.ViridiConstruction.com or call (833) 484-7434.


Don’t forget to check out my blog and Facebook page for regular videos and advice about all things real estate! In the meantime, if you have any questions about buying, selling, or investing in Ventura County real estate, don’t hesitate to reach out to the Morales Group.