Step by Step
From Concept to Completion: A Simple, Step-by-Step Process to Build Your ADU Hassle-Free
Step 1:
Consultation
Get to Know Your Partners
During the initial consultation, we gather key information on the eligibility of your garage. Here, all terms are negotiated on a property to property basis from lease payments, upfront payment, and homeowner financing.
Following a consultation, someone from our team will briefly visit the property to verify eligibility.
After verification, we present you a contract to open up a lease and gain permission to convert your garage.
Step 2:
Get Paid
We Pay YOU to Lease Your Garage
Once the contract for the lease and construction has been signed, you receive your upfront payment. We bridge the gap to pay for the rest of your conversion project.
Step 3:
Construction
Skilled Contractors Convert Your Garage
When development permits are approved, contractors get to work converting your garage.
Step 4:
Rental Income
We Manage the ADU, You Make Money For Years
With your ADU built, we find a quality tenant to fill the vacancy. You get paid regardless if there is a tenant there or not.
We act as property managers of your ADU until the lease expires, and 100% of the rent income is yours.
Frequently Asked Questions
When it comes to Accessory Dwelling Unit (ADU) financing, many homeowners have similar questions. Understanding these key points can help facilitate the decision-making process for financing your ADU project.
How Much Do I Get Upfront?
The amount varies from project to project, but homeowners can expect around $5,000-$10,000. This ensures homeowners are compensated even during the construction process.
Does My Garage Qualify?
We target small detached garages (400sqft- 500sqft) with strong structural integrity, including footings. Garages with running water and electricity are also preferred.
How Much Do I Get Per Month From The Lease?
Lease payment ranges vary, and are dependent on the amount financed by the homeowner. Lease payments increase with a higher homeowner contribution.
Can I Buy Out My Lease In The Future?
Yes. Buyout terms are included in every contract, and are negotiated in Step1 above.
Got More Questions?
Contact Us!
Making sure all questions are answered is a top priority at HorizonHaus
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