The Fernwood - the Ultimate ADU
Introducing Good Way Home’s latest model - the Fernwood.
The Fernwood is the highest-value, high-performance home in the Canadian market; it’s net-zero ready and features a bedroom, bathroom, and kitchen. It can be move-in ready in three months from the time of order.
At 560 sq ft this is a fantastic way to generate a profitable income from your property, while at the same time adding to its value. In industry parlance this is called an Accessory Dwelling Unit or ADU.
The simple math for purchasing the Fernwood as an ADU for rentals works-out, here is how we think about it:
The Fernwood costs $150k* CAD
To borrow $150k on a fixed mortgage term of 5 years, at a 4% rate and a 25 year amortization period you would be paying $779 per month
In markets like Revelstoke, Kamloops and Kelowna - one bedroom rentals for $1,000 per month are unheard of - the demand will be there! Further, where legislation allows, the Fernwood rents beautifully on AirBNB.
If you purchase a Fernwood model in May, you’ll have an income generating ADU by August - kind of incredible isn’t it?
The Fernwood also has a number of qualities that are worth keeping in mind if you are evaluating options:
Lifelong energy savings:
The Fernwood is the highest quality, most energy efficient ADU on the market, meeting the high performance R-Value of any climate zone. The utility savings you can realize from the Fernwood can reach 60% compared to a conventionally built ADU.
Minimized maintenance costs:
Good Way Homes is committed to using the best construction techniques and high-quality materials; this is what makes our homes high performance. Our modular prefab homes are designed to withstand severe weather conditions, ensuring minimal maintenance throughout their lifetime.
Privacy:
The Fernwood is self contained - sharing common areas with tenants or guests is not necessary (which is very appealing to potential renters) and our deep wall system featuring dense pack cellulose insulation reduces noise going in or coming out. The panels also keep utility costs lower.
Our CEO, Logan Ashley calls the Fernwood the “The most disruptive housing solution in North America today - you simply can’t find this level of performance in a home at this cost anywhere.”
If you are interested in learning more about the Fernwood, visit the model page: https://goodwayhomes.com/models/p/fernwood
If you would like to discuss purchasing the Fernwood, reach out to us today: https://goodwayhomes.com/contact
*The foundation is not included in the price.
