This Berkeley Couple Is Turning Their Home into Something More
With the incredible strain on California’s housing, home buyers have two key concerns.
- How they can afford comfortable homes in nice places
- How they can help others (parents, grandparents, adult children, even strangers) with housing
When one couple toured a four-bedroom, two-bathroom home in Berkeley, they immediately saw its full potential.
- Built in 1906, the house is absolutely beautiful. It has true character and is in a nice neighborhood.
- The house has two separate entrances, making it the perfect candidate to be split into two units.
- It’s a five-minute walk to the local restaurants. There’s easy access to the BART train, placing the residents within reach of UC Berkeley and countless other amenities.
They decided to buy the home and remodel half of the first floor into an accessory dwelling unit.
The new homeowners asked New Avenue principal designer Jeffrey Rexford to come up with a design that would make their main home and the rental unit comfortable.
Here’s Jeffrey’s plan:
The office becomes a bedroom that is southeast facing and will get morning sun
The bedroom becomes an open kitchen and living area.
A new bathroom is added.
This comes together as a beautiful open living entertaining area with a private and cozy bedroom. A couple could entertain here.
Next door in the main home, the owners have a nice kitchen, dining area, new bath, and a staircase takes you to the upstairs bedrooms and bathroom.
Below are renderings that show what the new rental unit will look like.
Converting part of your home into a revenue generator like this rental unit is a smart idea. It’s a project that pays for itself and that will continue to pay off year after year for generations.
This will be a fast and affordable project, finished in around six months for less than $100,000. A $100,000 loan is about $400 per month while this kind of accessory dwelling rents for $2,500. That is a net gain of over $2,000 per month.
An ADU like this one certainly has its financial benefits, but that’s not all these homeowners will gain. While they have decided to rent out their additional unit, it could have many other uses. They could use it for family if they need to. In fact, some of our clients choose to live in their ADUs and move family into the main home.
A Big Congratulations to the New Homeowners
We are so excited for these homeowners. Like many of our other clients, they’re helping to solve the housing crisis while making their property work for them.