🏘 Dreaming of an Accessory Dwelling Unit (ADU) in your Arizona backyard but stumped on how to finance it? Adding an ADU is a smart move for boosting property value, earning rental income, and creating extra living space. Casita Crafters has partnered with Alaina Gervais and Keith Gervais for financing support. So what are your options?
🤑 Home Equity Loan: Use the equity you’ve built up. Get a lump sum with a fixed rate to keep your budget in check.
🤑 Home Equity Line of Credit (HELOC): Like a home equity loan but more flexible. Draw funds as needed and pay interest only on what you use.
🤑 Cash-Out Refinance: Refinance your mortgage for more than you owe and pocket the difference. Extra cash and possibly a lower rate? Win-win!
🤑 Personal Loans: No home collateral needed. Quick approval, though interest rates might be higher.
🤑 Government Programs: Look out for local and state programs offering financial help or incentives for ADUs. Arizona’s got some great initiatives for affordable housing. Tucson currently has a unique program offering homeowners incentives to build ADU's.https://lnkd.in/gEChN9Yt
🏘 Ready to Make Your ADU Dream a Reality? With the right financing and Casita Crafters by your side, your dream ADU is within reach. Contact us today for a consultation, and let’s turn your backyard into the ultimate living space!
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