In a market with high interest rates, low property availability, and America's growing population, PropStream introduces two calculators for real estate success: The ADU Calculator and Rehab Calculator. These easy-to-use features are your key to staying ahead in the challenging real estate landscape.
PropStream's ADU Cost Calculator stands out as a crucial tool for real estate professionals. An ADU, or Accessory Dwelling Unit, is a secondary residential unit on a property, either attached or detached from the main home. It offers a unique opportunity for property owners to optimize their real estate investments, popularly known as “house hacking.”
With more people and fewer homes available, ADUs present a practical solution.
Many regions are adapting laws to facilitate ADU construction, recognizing their potential to alleviate housing issues.
Custom Estimates: Get detailed cost breakdowns for various ADU types, considering build quality, size, and additional features.
ROI Analysis: Evaluate the potential return on investment, making informed decisions for your real estate portfolio.
Versatility: Ideal for different real estate strategies – whether you're a buy-and-hold investor, fix-and-flip expert, wholesaler, or an agent.
Flipping properties is complex, but PropStream's Rehab Calculator makes it easier. It's an essential tool for creating detailed repair estimates and a cost breakdown of each repair to show where you’ll be when estimating your potential profits on a fix and flip.
Undertaking a rehab project allows for the customization and modernization of the property, aligning it with current market trends and personal preferences.
Custom Estimates: See the estimated repair cost as well as the estimated do it yourself cost for various rehab or home improvement projects, such as remodeling kitchens, updating bathrooms, adding bedrooms, and more!
Search and Add Items: Search by popular projects, individual actions, or a complete remodel by area to generate a more accurate estimate based on your home improvement project goals.
User-Friendly Interface: Options for beginners to advanced users, from complete remodels to specific actions.
The ADU Calculator is meant to give real estate professionals an estimate of what it would cost to establish an ADU on a subject property. This information can then be used to calculate any potential returns on investment.
The Rehab Calculator is a tool designed to help estimate the costs associated with renovating or rehabilitating a property. It takes into account various factors such as materials, labor, and other expenses to provide a comprehensive cost estimate, making it easier for property investors, homeowners, or renovators to budget and plan their rehab projects.
Your calculations are an estimate based on the zip code for the property, and the figures are based on popular and most common square footage sizes.
In short: The Rehab Calculator offers estimates for a wide variety of renovation projects for an entire property, while the ADU Calculator specializes in pricing out the addition of a separate dwelling on a subject property.
Before using PropStream to find a property for your ADU, we recommend researching local regulations to ensure they’re legal in your region and speaking with other professionals to see if the property layout and structure can suit an ADU.
They assist with the comping process during the property research stage. These tools can help you evaluate the potential of a property.
Sign in to your PropStream account or start your 7-day free trial now to explore our ADU or Rehab Calculator and upgrade your property's potential!