BuildCasa facilitates the subdivision of underutilized residential lots in California, allowing homeowners to unlock cash value from their extra space without incurring debt or monthly payments. By managing the entire process, including permitting and construction, BuildCasa addresses the housing shortage by enabling the development of starter homes and duplexes on newly created lots.
Funding
$6.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
California's housing shortage is exacerbated by underutilized residential lots and homeowners lacking the resources to navigate complex subdivision processes. Many homeowners are unable to tap into the equity of their extra lot space due to the complexities and costs associated with permitting, surveying, and construction.
Solution
BuildCasa facilitates the subdivision of residential lots, enabling homeowners to unlock the value of their extra space without incurring debt or monthly payments. The company manages the entire process, from initial property analysis and permitting to construction and sale of the newly created lot. By partnering with local builders and leveraging data science for efficient project feasibility assessments, BuildCasa streamlines the creation of new housing units, including starter homes and duplexes. This approach allows homeowners to receive cash payments while contributing to increased housing supply in California.
Target Audience
BuildCasa primarily targets homeowners in California with underutilized residential lots who are looking to unlock equity without taking on debt, particularly senior citizens on fixed incomes seeking financial flexibility.
Features
- Property analysis to determine subdivision potential and provide homeowners with an offer for their extra lot space
- Management of the entire subdivision process, including paperwork, permitting, and city fees
- Partnership with local builders for construction of new housing units on subdivided lots
- Streamlined permitting process leveraging back-end automation, resulting in faster approval times
- Proprietary data science tools to identify eligible homeowners and lots, assess project feasibility, and determine optimal home designs
- Assistance with obtaining lender approval for partial lien releases based on new property lines