As affordable housing becomes more scarce nationwide, developers are buying distressed hotels and turning them into apartments. Nationwide, 18% of hotels are behind on their mortgages as of Dec, 2020. “Apartments around here, you might pay $120,000 a door, and we can purchase these hotels probably $30,000 to $40,000 a door, and maybe put $10,000 […]
Investment Trend – Hotels Converted To Appartments Read More »
On January 29, 2021 Weingarten Realty Investors submitted an updated plan for San Jose’s Cambrian Park Plaza which proposes having 30 houses to now include granny units on the ground floor. The granny unit would have its own entrance. The second and third floors would be an entirely separate single family dwelling from the granny
New Housing Developments Begin Including Granny Units Read More »
New laws taking effect January 1, 2021 enable more homeowners to build ADUs and in many cases make obtaining permits much quicker and less expensive. ADUs are also called: granny flats, in-law units, backyard cottages, second dwelling units, etc. Automatic Approval: Cities/counties must permit certain categories of ADUs without applying any local development standards if
ADU – Accessory Dwelling Unit Read More »
