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While $117/sq.ft. is the average cost nationwide, the average in Los Angeles City – where Cover operates – is a lot higher. In addition to that, Cover offers ba
by alexisrivas 8y ago
While $117/sq.ft. is the average cost nationwide, the average in Los Angeles City – where Cover operates – is a lot higher. In addition to that, Cover offers backyard homes, which means they're smaller than a full size home. They're typically between 300-900sq.ft. A lot of the costs of a home are the mechanical systems, kitchens, bathrooms – which you still need in a small space. So the smaller you go, the higher the cost/sq.ft. When you look at the numbers – you can build a 900sq.ft. Cover backyard home in Los Angeles for $300K. It's hard to even find a good apartment at that price in LA. Full disclosure - I'm the cofounder & CEO of Cover.
- harmmonica 8y agoAlexis, have you guys worked directly with the city to fast track your ADUs from a permitting standpoint? We’re now converting a garage in LA after a brutal time with historic review (mostly) and planning/dbs (less so). Also to confirm what Alexis is saying about LA... We’re in the middle of our project and though we’re doing it on the cheap it’s mid 200’s per foot. Can easily see how it could be double that.
- alexisrivas 8y agoHarmmonica, Because we build in a factory, we do almost all the inspections and building safety checks with the State, which is a custom process we've developed with the state specific to our building system. This means that our process is faster and more certain than building traditionally. If you're interested in learning more, email us at hello@cover.build - our team would be happy to see how we can help!