Comprehensive Pricing
Comprehensive
When you work with Chicago Granny Flats, everything is included (except demolishing an existing garage). Our hassle-free process includes all you need to create a state-of-the-art ADU and maximize the value of your own backyard.
One fixed, up-front price includes:
- Site analysis to determine the best fit
- Customized design
- Expedited the permitting process
- Plug & Play Construction
Administration
Our streamlined process turns over the payment administration to an insured third party stalwart – Chicago Title & Trust. Following execution of the Contract, we enter into an Escrow Agreement and all payments are made through that Construction Escrow Account, with funds only distributed when each phase of construction is complete. In the end, you will receive the very best ADU and an insurance policy to cover you from unpaid work claims. Peace of mind – like a warm glass of milk and Granny’s homemade chocolate chip cookies.
Timeline
Timeline
Our Plug & Play process takes you through every step of the process, from the initial consultation and site feasibility analysis, to turning over the fully finished unit.
Free Site Analysis & Consultation
- Determine the best Grannyflat for your property & your budget
- Site visit to ensure feasibility of utility connections
Preliminary Site Plan & Layout
- Choose your Grannyflat
- Select exterior design & interior finish packages
- Review personalized site plan, floorplan & architectural elevations
Contract & Escrow
- Execute contract and construction escrow agreement
- 5% Partially Refundable Deposit
- Perform site survey
- Full Architectural & Engineering drawings
Expedite permits (varies 1-3 months)
- Garage demo permit if necessary
- All city & county approvals
- Fully Fund Escrow or Proof of Financing
Sitework & Horizontal Construction (1 week)
- Demo garage (if necessary)
- Excavation and foundation
- Connect sewer/water through primary building
Installation
- Installation of Panelized Wall System
- Interior and exterior completion
Your Granny Flat is ready for move in!
- Start using your extra space or earning extra income.
- Utilize our optional leasing and management program to screen tenants and collect rent.
Finance
Finance
Whether you are a homeowner, investor, or a combination of both, our team of lenders & mortgage brokers can tailor a loan to meet your budget and long term goals. Everything from cash out re-finance, to interest only mini-perm to 30 year fixed, conforming loans – we can offer a solution for every situation.
For as little as 10% down, you can finance a beautiful addition to your living space or an income producing investment with impressive cash flow and return on investment from day
ROI
ROI
If you choose to rent out your Granny Flat, it can produce an outstanding annual return on investment from day one.
Annual return on investment
- All cash purchase 8%-12%
- Self-amortizing loan 15%-25%
- Interest only Home Equity Loan 30%-60%
*Assumptions based upon estimated market rent and interest rates. Actual numbers may vary*
