AUGUST 6TH

Unlocking Value: Minimal Living Concepts’ Real Estate Agent Referral Program

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Minimal Living Concepts, an innovative ADU (Accessory Dwelling Unit) company based in Phoenix, Arizona, is revolutionizing the way homeowners enhance their properties. By offering four pre-designed ADU models, Minimal Living Concepts simplifies the process of adding versatile, valuable living spaces to existing properties. To further extend the reach and impact and ADU’s in the Phoenix market, we’ve launched a comprehensive Real Estate Agent Referral Program. This program not only benefits agents financially but also provides homeowners with seamless access to high-quality ADUs.

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Understanding ADUs and Their Value

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ADUs are secondary housing units located on the same lot as a primary residence. These units can serve various purposes, including rental units, guest houses, or additional living spaces for family members. The addition of an ADU can significantly boost a property’s value and provide homeowners with flexible living solutions. In high-demand areas like Phoenix, ADUs are becoming increasingly popular for their potential to generate rental income and enhance property appeal.

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The Real Estate Agent Referral Program

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Minimal Living Concepts’ referral program is designed to create a mutually beneficial partnership with real estate agents. Here’s a detailed look at how the program works and its numerous benefits.

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Generous Referral Fees

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One of the standout features of the referral program is the attractive financial incentive for agents. For every successful ADU project referral, agents receive a $10,000 commission. This substantial referral fee reflects the company’s commitment to rewarding agents for their efforts and helping them expand their business opportunities.

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Reduced Feasibility Study Fees

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To make the ADU project more accessible and affordable for clients, Minimal Living Concepts offers a reduced fee for the initial feasibility study. Typically priced at $250, this crucial assessment is available for just $100 for clients referred by participating agents. This discount not only adds value to the agent-client relationship but also encourages more homeowners to consider ADU projects.

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Two Pathways for Referral

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Agents have two primary ways to refer clients to Minimal Living Concepts:

  1. Existing Property Owners: Agents can refer clients who already own a property and are looking to add an ADU. This option allows homeowners to enhance their current living space and increase their property’s value.
  2. Prospective Homebuyers: For clients in the market for a new home, agents can facilitate the inclusion of an ADU in the purchasing process. The cost of building the ADU can be wrapped into the initial home price, with construction costs financed by the lender. This integrated approach makes it easier for homebuyers to invest in an ADU from the start.

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Comprehensive Support and Quality Assurance

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Minimal Living Concepts provides full support to both agents and clients throughout the ADU construction process. Their turn-key service includes:

– **Initial Consultation**: Understanding the client’s needs and preferences.

– **Feasibility Study and Site Visit**: Assessing the property and providing a detailed cost estimate.

– **Design and Permitting**: Handling all aspects of design and obtaining necessary permits.

– **Construction and Quality Assurance**: Ensuring the ADU is built to the highest standards and meets all local regulations.

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This comprehensive approach minimizes stress and ensures a smooth, efficient project from start to finish.

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##### Highlighting the Added Value

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To help clients understand the financial benefits of adding an ADU, Minimal Living Concepts offers a detailed value analysis. This analysis considers current market conditions, property comparables, and potential rental income to provide a clear picture of the ADU’s added value. This information empowers homeowners to make informed decisions and appreciate the long-term benefits of their investment.

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##### Financing Options

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Minimal Living Concepts also provides guidance on various financing options to make ADU projects more accessible. Some of the available options include:

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– HomeStyle Renovation Loans: These loans allow homeowners to finance both the purchase of a home and the cost of renovations with a single mortgage.

– Cash-Out Refinancing: Refinancing the mortgage to take out cash for the ADU project.

– Construction Loans: Loans specifically designed for new construction projects.

– Home Equity Lines of Credit (HELOCs): Borrowing against the equity in the home to finance the ADU.

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Conclusion

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Minimal Living Concepts’ Real Estate Agent Referral Program offers a lucrative opportunity for agents to expand their services and earn significant commissions. By partnering with Minimal Living Concepts, agents can provide clients with high-quality ADUs that enhance property value and meet diverse living needs. With generous referral fees, reduced feasibility study costs, comprehensive support, and various financing options, this program is a win-win for agents and homeowners alike. Explore the possibilities and join Minimal Living Concepts in transforming properties and enriching lives.

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The Typical Building Process

The ol' fashioned way.

Find an architect

An architect designs your home without discussions with engineers, builders and interior designers. You can’t walk through the home design and experience the layout, proportions of the spaces and quality of the fixtures and fittings.

Hope the design is buildable

An architect designs your home without discussions with engineers, builders and interior designers. You can’t walk through the home design and experience the layout, proportions of the spaces and quality of the fixtures and fittings.

Engineering

The engineer designs the structural systems of the house without any consultations with the contracting builder. They may find costly structural issues with the plan which needs to go back to the architect for alterations, adding to the client’s overall costs.

Collect quotes

The client is happy with the design but at this stage won’t know the true costs of the build or whether it’s on budget until they quote it out to different builders. Often quotes come back with varying degrees of build quality, assumptions, and unknown estimates that don't reflect the real cost of construction.

Quote and fees

It’s up to the client to determine which builder quotes will deliver the best final outcome for them. Throughout the whole process, the architect’s fees are paid as each stage is completed with many architects charging around 6%-18% of your final build costs.

Variable pricing

Because the design team are separate from the construction team, unexpected issues can arise which may add to the build cost. Materials, fittings and features often have to be custom-made to the architect’s and engineer’s specifications, therefore adding to the overall build cost.

Change orders

Because the builder was not involved in the design process and doesn't have a complete understanding of the project, it is very likely that you will experience several cost escalation change orders. The worst part is, the builder profits on these price increases that should have been predicted at the project start.

Our Method

Creating a seamless path to new construction.

Experts working together

Our design and construction team work together on each home design. Our architect, interior designer, engineer and builder collaborate to devise solutions that don’t compromise the style or functionality of the home. This all occurs before a design ever lands on our website.

Curated and custom designs

With MLC, you can choose from a range of meticulously crafted home designs or work with our design team to, alter those designs or create a bespoke design tailored to your unique needs and lifestyle.

Holistic design and build solution

Our streamlined approach saves you time and cost while providing one dedicated team for every aspect of your project. The construction costs are a key consideration throughout the design process for peace of mind, efficiency and certainty.

Transparent pricing

For our pre-designed homes, inclusions and costs are finalised before you commit to building your home. There are no hidden or additional costs due to design revisions once your contract is signed. If an unforeseen condition occurs, we never profit on it. This way our incentives align with you.

Design a bespoke home

Our ‘Bespoke Option’ involves personalised brief-development sessions with our architect and sales teams to fully understand your design parameters. New plans and 3D model elevations and site locality plans will be developed following your brief and in collaboration with our team.

01

Initial brief development consultation

02

Bespoke floor plan presented to client for approval

03

3D model elevation and site locality plan presented to client

04

Site visit to understand the plan in its context and make any design changes needed

05

Finalise the revised floor plans and elevations

06

Select your home’s finishes

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