Vivienda develops custom additional dwelling units (ADUs) on residential properties at no upfront cost to homeowners, managing the entire process from permitting to construction and rental management. By sharing rental income, Vivienda provides a straightforward solution for property owners to increase their income and property value without the financial burden of construction expenses.
Funding
Funding not disclosed
Founders
Product
Problem
Many homeowners struggle to afford the upfront costs and navigate the complexities of building additional dwelling units (ADUs) on their properties, hindering their ability to generate rental income and increase property value. The process involves securing permits, managing construction, and finding reliable tenants, which can be time-consuming and overwhelming for property owners.
Solution
Vivienda offers a comprehensive ADU development service where they handle the entire process, from initial feasibility studies and permitting to construction, landscaping, and tenant management, all at no upfront cost to the homeowner. Vivienda partners with property owners to build custom ADUs and then shares the rental income generated after expenses. This arrangement allows homeowners to increase their income and property value without incurring any initial financial burden or managing the complexities of ADU development themselves. Vivienda also offers services for homeowners who already have an ADU and want help maximizing its rental potential.
Target Audience
Vivienda targets homeowners who want to add an ADU to their property to generate rental income but lack the capital or expertise to manage the development process independently.
Features
- End-to-end ADU development, including feasibility studies, permitting, site work, and construction
- Custom ADU design to maximize rental potential and property value
- Tenant screening and management services
- Shared rental income model after expenses, providing passive income for homeowners
- No upfront costs for ADU construction
- Services for existing ADUs, including interior design and landscaping to optimize rental income