Meet the Atlanta Woman Who Built a Luxury Tiny House in Her Backyard for $35K While Renting Out Her $196K Home

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Recently, BLACK ENTERPRISE published an article about the journey of our co-founder, Precious Price, as she built an ADU in her backyard. Read the excerpt below and continue reading on the BLACK ENTERPRISE website.

The Price is right for this homeowner.

Atlanta resident Precious Price, 26, built a tiny house in the backyard of her three-bedroom, 1,400-square-foot home for Airbnb renters.

According to her Instagram, Price’s original property that she purchased in 2019 had too much space, so she built the tiny house and set up the larger home for renters to have the complete three-bedroom house.

Price built the tiny home and added $35,000 worth of luxurious renovations. The process of building her tiny house included obtaining building, plumbing, and electrical permits, purchasing a shed, and recruiting a local contracting team to do her concrete slab foundation, which was completed in October 2020.

“Instead of taking out a bank loan, I cashed out $8,500 in stocks and put about $20,000 on my credit cards to pay for everything,” Price said, according to CNBC. “I was able to pay off this debt last year.”

Price completed her 296-square-foot home in March 2021, recovering the costs by renting in out on Airbnb.