NEW CALIFORNIA LAW.
In 2017 the State of California passed legislation to allow most single family residences to become essentially a duplex.
This law is an attempt to alleviate the current California housing crisis. Fewer people are able to afford a home in this state. The opportunity created here is fairly rare. The combination of high rents and low interest money means that after the build out, leasing and financing there will still be a profit per month.
For an example a 600 square foot addition costing $150,000, including plans, permits, fees, building complete:
$1,500…Rental Income Monthly
$1,152…Mortgage Monthly
$348…..Total
$1,500…Rental Income Monthly
$1,152…Mortgage Monthly
$348…..Total
The opportunity created here is fairly rare..
RETURN ON INVESTMENTS.
Now these figures are general and need refining but this is $4,176 of income per year (not including vacancies). This seems to be a handsome cushion on a yearly mortgage repayment of $13,063. While this is not for everyone, it seems to me that the mandate the state gave us should be utilized.
The White and White construction team wants to help with a full service of plans, permits, construction and financing. We are a third generation builder owned by Brandon, Robin and Connor White, and we look forward to hearing from you.
WHY CHOOSE US
Since 1984, our family has been licensed contractors
Experienced in all aspects of residential construction, from planning to breaking ground to turning the key, we are intent on ensuring that your project is exactly what you had in mind. We do this by making quality our highest priority and holding ourselves to a higher standard. If we make a mistake, we we will fix it with great urgency and attention.
We are out to prove we are the best contractor in the San Clemente area! When you hire a contractor you are inviting those workers into your home or building. Ours is a team of polite, hardworking, upstanding citizens. We will treat you, your family, and your property with the respect and courtesy you deserve.
Call 949-412-2123 or email the details below. We can’t wait to hear about your next project or remodel.
Contact Us
Call 949.412.2123
White & White Construction Inc.
2915 Calle Heraldo
San Clemente, CA 92673
Contractor #B452379
