Estimate Your Return on Investment - New Avenue Unveils Accessory Dwelling Calculator

EMERYVILLE, Calif. - Oct. 24, 2014 - PRLog -- New Avenue released an economic benefits calculator that allows homeowners to determine the return on their investment when adding an accessory dwelling, such as a backyard cottage, in-law suite, or a garage conversion, to their home.

While there are many variables and costs depending on location and use, New Avenue simplified the parameters to account just for the essentials. Try out the calculator by visiting http://newavenuehomes.com/calculator.

In addition to raising equity, accessory dwellings enable new options for homeowners and make for an even more valuable investment. Homeowners have worked with New Avenue to make their project ideas a reality.

A past New Avenue client, now a host with Airbnb, rents out her Berkeley, CA, backyard cottage as a bed and breakfast. She earns an average of $3,000 from rent every month. Not only does she benefit from the supplementary income, she also enjoys the long stream of fun and interesting guests. Nearby in Orinda, a mother downsized and joined her daughter’s family to pool resources to create a multigenerational household with New Avenue’s guidance. The whole family is reaping the financial benefits of saving money by living together and the social and emotional benefits of more quality time.

By reinventing and sharing existing residential space, New Avenue is opening opportunities for designers, builders, and homeowners alike. Visit them at http://newavenuehomes.com.

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About New Avenue
New Avenue reinvents homes to transform lives, families and communities. Our platform empowers and educates consumers so they can manage their architect and contractor. We provide a well-defined process that brings clarity and the forthright services that are often hard to come by. Behind the scenes, New Avenue scaffolds simple but effective online tools, interactions, and guidelines to optimize the design-build process and keep a project from going out of scope and out of control. We bring common ground and create honest opportunities for homeowners, architects, and builders alike.

For more information, visit www.newavenuehomes.com

Executives from New Avenue available for comment. For more information contact Xiomara Cisneros, Marketing Community Outreach Manager.