Blog Stories An ADU Dream house

An ADU Dream house

By Carson Mead, February 9, 2018

I met Treven and Brough at an open house last year, and we’ve been in touch since then. Brough and Treven have a lot of interest in ADU’s, and wanted to build out a basement apartment to create a duplex. Being the savvy home buyers they are, we also kept a sharp eye out for properties that had potential to be split into multiple lots. Having done this process on my own home, it was a lot of fun to work together and try and locate a specific property that would have all these elements.

After looking at 20+ houses, we finally found a really nice 50’s mid-century house that ticked all the boxes. The house has three bedrooms on the main floor, one bathroom and a remodeled kitchen. The basement is unfinished, has a separate outside entrance, and tall ceilings. We went through the home inspection process and had a lot of contractors and architects visit the house to verify it’s potential, talk about design, figure out any problems areas, and of course get some bids to understand expectations on pricing.

It was a whirlwind two weeks, but through it all my clients were able to iron out a lot of details and make sure they knew and understood the challenges and potential of the home. They closed this week, and are now looking towards getting the ADU permitting going (before the waiver expires this summer) and starting the renovation. They’ll have a really nice two unit house in the south Tabor neighborhood when it’s done, and a potential 2500 sq. ft. lot they can partition in the future if they decide they want to do another development project.

If you have any interest in ADU’s, houses, or coffee, let me know and we can chat about what your goals are and how we can make it happen.

Carson Mead

Broker & ADU Specialist

My first introduction to the world of real estate came in 2004, when at the age of 22 I bought my first home in NE Portland with my sister. I still remember what a monumental life transition that was. Buying my own home laid the foundation for a lifelong love of all things related to houses. I enrolled in a year-long Building Construction program to gain more knowledge in housing systems and techniques. I have used those tools to enhance my own home both inside and out. I joke that my favorite part of a house is the basement, as that’s where I can see the health and maintenance of a home’s systems: plumbing, electrical, HVAC, foundation etc. While a home inspector is the professional on helping to understand the story of a home, I like to provide as much due-diligence as possible up front before you spend the money and get into contract. Ultimately my goal is to meet you in any endeavor that you are wanting to undertake. If you are looking to sell, I will develop a strategy that makes sense for you with your goals, timelines and marketing strategy. If you want to invest in your home before going on the market, we’ll look at what you can do to maximize your profit: be it refinishing floors, painting, modifying light fixtures, and getting it staged. If you need to stay in your home while selling, I’ll bring in my stager to help get perspective on how to pare down the feel of your home and have tangible goals to achieve in getting ready to go on the market. If you are looking to invest in Portland real estate, we can talk about the big four in analyzing properties. Rental income, principal reduction, equity growth and tax benefits. I work with spreadsheets to outline these assets so you can see the short and long term performance of your investment. Once last piece of my professional and personal life that I spend a lot of time thinking about are ADU’s (Accessory Dwelling Units). Also known as mother-in-law units and granny flats, these can be detached or attached. When I see a home, I look at the property in detail to see how the home is oriented on the lot and if it is ripe for a detached ADU (new construction), or if it is a good prospect for creating an attached unit (a basement apartment). I also look at the zoning to see what kind of potential this could add. I am in mid-process building my own detached ADU. The structure is going to be modern with clean lines and open concept. I live on a corner lot, which means the ADU can have it’s own street entrance. I also have zoning which will allow me to split the lot if I choose and sell it separately at some point. My plan is to keep it as a rental, but this will create a lot of flexibility both short and long term. I am a cooperatively focused broker, with a passion for helping people achieve their goals and succeed in their endeavors. I am patient, understanding, trustworthy, and truly care about your best interests. I serve on my neighborhood association board and the larger Northeast Coalition of Neighborhoods. Please let me know if you'd like to share a beverage, coffee, tea, beer/wine to talk about what’s important to you and see if it would be a good fit to work together. All the best— yelp
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