Cohousing-L Mailing List: Re: ADUs

[Sanda Everette (severette]

Lynn,
I guess the financial feasability depends on where you are.  I don't
think building costs go up substantially in the SF Bay area but 1 BR
apartments are renting for $900-$1200/month and more.
> 
> Where we live, and with units being built and paid for by the individual
> lot owners, it is not economical to build a rental. Which is to say, the
> cost of building the finished space, along with the additional kitchen,
> bathroom, heating arrangements, etc, cannot be recouped from rental
> income. Say a one bedroom apartment is 450 sq feet. At $100 a sq foot,
> that's $45,000. That's a lot of monthly rental payments of $350. Even if
> you adjust the construction costs down and the rent up, they don't meet.
> Plus your renter uses heat, power, water, and so forth, as well as
> increasing maintenance costs.


-- 

Sanda and Brian Everette
http://www.wordrunner.com/sanda

San Mateo Cooperative Community
http://www.wordrunner.com/sanda/smcc.htm
Toward a sustainable lifestyle: 
grow some of your own food and/or know the gardener who is growing it.