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The housing demand in recent years has driven home prices so high that the lack of affordable housing has finally prompted a change in legislation to alleviate the scarcity in living spaces, and part of the solution are three letters that have been popping up all over the real estate space - “ADU”, or Accessory Dwelling Units.
Accessory Dwelling Units (ADUs) – may also be called various names e.g. in-laws, secondary units, Junior Accessory Dwelling Unit (JADU), etc., and we can get into the details of the qualifications, but these are essentially a fully functioning living space that are either attached, detached, a garage conversion, a storage area conversion, or even an interior conversion such as an in-law, and I in my opinion, the term that best captures this type of living area is “accessory structure”.
Benefits of an ADU:
Simply put, they:
Process & Qualification Changes:
Cost Impacts:
What are Impact Fees?:
Notable Restrictions & Mentions (others may apply):
Other Notable Caveats to Keep in Mind (others may apply):
* CEQA – These guidelines determine whether an activity is subject to environmental review, and what additional steps are required or not required - https://www.opr.ca.gov/ceqa/
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James Kil is a licensed professional who is experienced in arranging for real estate transactions, including but not limited to fostering buyer and seller relationships, as well as representing one or both parties during negotiations. During these negotiations, James Kil is perfectly capable of communicating with each involved party and navigating their interests. For the benefit of both parties, James Kil focuses on profitability for sellers and a fruitful, comfortable buying experience for buyers. Of course, James Kil does this all without alienating either nor jeopardizing their assets. At the end of the day, James Kil strives to make clients sell their homes at a sizable profit and let buyers attain their dream homes.
James Kil
REALTOR®
DRE# 02120566
James Kil
REALTOR®
DRE# 02120566
NAVIGATION
LEAVE IT TO ME
PROPERTY ORGANIZER
James Kil
REALTOR®
DRE# 02120566
NAVIGATION
LEAVE IT TO ME
James is a native San Franciscan and has been in the industry since 2012. James' expertise is grounded in risk-averse assessments and analysis. He specialized in junior mortgage loans before honing his abilities in risk mitigation before becoming a mortgage underwriter for Wells Fargo. He eventually found himself in a position as a leading mortgage/asset expert as a Capital Markets Associate on the secondary markets. His background allows him to comfortably tune in to the ebbs and flows of the ever-changing market and provide uniquely catered advice to anyone. He has built an extensive team of partners, e.g. stagers, tilers, contractors, painters, floor guys, stagers, movers, cleaners, and lenders.
The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2023 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
James Kil | All Rights Reserved
James Kil | All Rights Reserved
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