One of the things that gets us most excited about ADUs is the financial math. Here’s why. Cities across the nation are struggling to find ways to provide more affordable housing to meet growing demand, both little ‘a’ affordable housing and big ‘A’ Affordable Housing. Little ‘a’ housing is often also called workforce housing. This housing is intended to be accessible to people making up to 80% of the area median income (AMI in housing speak). Housing for police, firefighters, teachers, recent college grads with a lot of student debt. For Atlanta, this translates into monthly rents of $764 for an efficiency, $820 for a one bedroom, and $949 for a two bedroom.
Let’s talk about approximate costs for the ADUs we are designing. While we are still working through costing with our builder, we are expecting that the one bedroom version should cost somewhere between $95,000-$115,000 depending on specific site conditions. The two bedroom is expecting to cost somewhere between $125,000-$145,000. These numbers are the all-in cost. Design, permitting, construction, utility hookups, etc. etc. are included in these numbers.