Complete Cost Breakdown of Building A New Construction ADU (Accessory Dwelling Unit)

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Thach Nguyen has come a long way since arriving in America at age 4 with his parents, four brothers, and sister in 1975. Focus, drive, determination, and great mentors paved the way for him to go from a homeless refugee to a multi-millionaire.

Thach is the CEO & Founder of Thach Real Estate Group and principal of Springboard to Wealth. He is not only a seasoned realtor, investor, coach, author, and speaker, but also a proud ambassador of the American Dream. During his 30 years in the real estate industry, he has built more than 300 homes, townhouses, multifamily units and completed over 100 flips, and owns over 100 rental properties giving him over $100,000 a month in passive income. Thach and his team have assisted more than 1,500 families to create their own American Dream of home ownership, ranking him in the Top 1% of all real estate professionals nationwide.

[Brodin-idre]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[RyanContreras]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[plutucker]

Thach Nguyen sharing knowledge = wealth for All . Very impactful.

[l]

How do utilities work for a DADU? Is it extended from the main property or does the city run new plumbing and electricity?

[bensantos]

My first house didn't even cost this much and it was maybe half this quote pre 2019.

[sinseizae]

In my area it cost half that price to build a (ADU) .

[DewTime]

What about landscaping? What about costs for the general contractor? I’ve heard the total cost is actually $400K.

[violetsinclairerealtor]

I love, love this video and the price breakdowns you shared! Do you have a design team or do you pick out the colors/materials yourself? Looks so modern, bright, and nice!

[erlinavicente]

I have two parcels of land in Renton/Takwilla boarder. I could really use a mentor, would you be open to the idea?

[glippomusic]

I love your work and the way you breakdown everything, I just discovered your channel recently and I like your work. Good job.

[AnitaAnita-duwr]

Dear sir I'm learning such invaluable information and insights from you 🤗i appreciate your kindness and generosity in sharing it with everyone 👍🤩🇮🇳

[isaiahpolobro]

Almost 10k to move dirt back and forth is crazy 😂

[reypinto]

Inspirational and transparent with the process, best real state investor when it comes to explaining how the business works. By the way the shoe game is 🔥 I see your drip too😂.

[AlexanderBarsher]

In Seattle, garaged 2 story ADUS similar to this plan contain an actual structure gross floor area closer to 1300 sqft total. The gross area less the garage ends up being the marketable conditioned sqft around 1000 sqft. Meaning 271, 000/approx 1300 sqft=$208a sqft

[BobFrappia]

Thach, I would like to build an 750' ADU on my side yard of the duplex at N. 105. Any tips on contractors that can meet your estimate?

[fern]

Great Thach ! best regards ! I'm curious, what is (approximately) the floor space of this construction?

[Knappconstruction]

Great video In actually costs!
#GCapproved

[william_thing]

My man dropping real knowledge on real estate and developing new units 🔥🔥🔥

[JuancoPRoFlow]

And whats the arv if you were to sell that?

[Brigh]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly