From a HousingWire.com online release:
Having gained this pre-approval status, Abodu said one of its units can be installed in a backyard in as little as two weeks.
“Abodu is proud to enter the Bay Area market and provide a new, cost-effective alternative for those seeking more space or looking to monetize their backyard via rental income,” said John Geary, co-founder at Abodu. “Whether a buyer is installing an Abodu backyard home for a family member or as an additional source of income, this is a great and easy way to increase the value and functionality of a home.”
In 2017, the state of California passed several laws that gave cities more flexibility for allowing homeowners to build accessory dwelling units (ADUs). Most recently, at the beginning of this year, the state approved legislation that gave homeowners with ADUs constructed without a permit the ability to be inspected and approved under the standards that were in place the year the structure was built.
Real estate startup ZeroDown, which launched earlier this year, boasts a unique business model. Aiming to help more people become homeowners in the pricey San Francisco Bay Area, the company removes several of the largest hurdles from the homebuying process, namely the down payment and mortgage, and buys homes for its customers outright.
“Demand for 55+ housing remains solid, as demonstrated in the surge for 55+ rental demand,” said Dietz. “Builder sentiment for the for-sale 55+ housing market also remains in positive territory, supported by low inventory of existing homes. However, it is being constrained by development costs and their impact on affordability.”
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