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New Homes: Advantages of buying Tiny Homes. The dos and don'ts. Pricing and construction.
· 23 min
Episode New Homes: Advantages of buying Tiny Homes. The dos and don'ts. Pricing and construction.
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Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Paul Dashevsky.
A serial entrepreneur, real estate investor, and founder of Maxable. The discussion centers on the growing popularity of Accessory Dwelling Units (ADUs), commonly known as tiny homes, granny flats, or backyard homes.
What begins as a conversation about Amazon selling tiny homes for under $50,000 develops into a broader discussion about housing affordability, rental income opportunities, caring for aging parents, property value enhancement, and the importance of properly planning and permitting ADU projects.
Purpose of the Interview
The interview aims to:
• Educate homeowners about ADUs and their benefits. • Explain the realities behind purchasing and building tiny homes. • Highlight how ADUs can generate income and increase property value. • Provide guidance on avoiding costly mistakes when building an ADU. • Explore the role ADUs may play in addressing housing shortages and affordability challenges.
Key Takeaways 1. ADUs Are Not Necessarily Tiny
Dashevsky explains that ADUs can range from very small structures around 150 square feet to homes as large as 1,200 square feet.
Many modern ADUs are between 600 and 800 square feet, making them practical living spaces for singles, couples, retirees, and small families.
2. Housing Costs Are Driving Demand
One of the main reasons ADUs are becoming popular is the rising cost of traditional housing.
Many cities and states have updated regulations to allow homeowners to build secondary housing units on their property as a way to increase affordable housing options.
3. ADUs Offer Multiple Uses
Dashevsky emphasizes the flexibility of ADUs, which can serve as:
• Rental properties • Housing for aging parents • Caregiver or nanny quarters • Home offices • Music studios • Yoga studios • Guest houses • Retirement living spaces
4. ADUs Can Produce Rental Income
Many homeowners build ADUs specifically to generate revenue.
By renting out a backyard unit, owners can:
• Offset mortgage payments • Create passive income • Build long-term wealth through real estate
5. Buying an Amazon Tiny Home Is Not as Simple as It Seems
One of the biggest misconceptions discussed in the interview is that a tiny home purchased online is move-in ready.
Dashevsky points out that homeowners still need:
• Site preparation • Foundations • Utility connections • Building permits • Contractor assistance • Inspections
The advertised purchase price often excludes many of these costs.
6. Contractor Selection Is Critical
After renovating and building more than 350 homes, Dashevsky warns listeners that hiring the wrong contractor can be financially devastating.
He stresses the importance of:
• Researching contractors • Checking references • Verifying licenses • Avoiding high-pressure sales tactics • Getting multiple bids
7. Permits Matter
Dashevsky strongly advises homeowners not to build ADUs without proper approvals.
Legal construction provides:
• Better resale value • Occupancy certification • Rental eligibility • Safety compliance • Protection from future legal issues
8. ADUs Can Increase Property Value
According to Dashevsky, adding a second rentable dwelling generally increases a property's value because it creates an additional income-producing asset.
For many homeowners, an ADU becomes both a lifestyle improvement and an investment vehicle.
9. ADUs May Help Address Housing…
Links in the notes 4
Transcript
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