When it comes to living space in the greater Los Angeles area, every square foot seems to count. While your property might have once suited your needs, there are many reasons why it might no longer benefit your lifestyle. Whether your family has expanded or you simply need more room, learning how to best optimize your space through a garage conversion project can transform your current home to best meet your lifestyle demands. At the same time, it will raise your property value and open up the opportunity for extra monthly income. Read on to discover how an ADU can positively transform your property in a project that pays for itself!
ADU stands for Accessory Dwelling Unit, which is the term used for a secondary housing unit located on a residential single-family lot. ADU homes come in many different styles, but they commonly share core characteristics, such as being significantly smaller than the typical home and being adjacent to yet separate from the primary residence. ADUs cannot be purchased independently from the primary residence, but they can fulfill a variety of different functions. The current housing market has created the ideal opportunity for ADU housing, a project that brings tremendous opportunity to the homeowner.
The appeal of undertaking a garage conversion project in order to create an ADU has been rapidly rising for California residents especially due to regulation changes over the last few years.
ADUs have seen a spike in popularity in California due to recent statewide legislation in the past few years that has made it easier to build ADUs. It’s now easier and cheaper than ever for California homeowners to complete their ADU project now that these laws are able to ease the burden of both utility hook-up fees and off-street parking requirements. That means it’s currently extremely convenient for California homeowners to convert existing space or create an ADU on their property, which leads to a host of homeowner benefits since there are many possibilities for utilizing your ADU.
ADU housing offers a bounty of benefits, providing the most cost-effective way to optimize current space, decrease overall spending, and provide a possible extra source of income. While some might be daunted by the initial cost of a garage conversion project, this kind of renovation is known to provide enormous return on the dollar since having an ADU is known to significantly raise property value. Many homeowners decide to optimize their profit margin by choosing to rent out their ADU in order to pull in extra monthly income.
Even if you don’t choose that route, having an ADU provides you with invaluable functional space that can be used for guest quarters, a home office, a family room, or anything you wish. ADUs also provide economic, environmental, and social benefits. They create flexible living options that reduce infrastructure demand, provide a low environment footprint for a housing option, and offer more affordable living options. This makes them an especially advantageous choice for highly populated areas where the price of living is difficult for the average person.
At California Foundation Works, our team is dedicated to customizing your ADU project to meet your exact needs. We work together to ensure that you are entirely satisfied with your ADU housing, which is why we take the time to extensively explore your options. There are several different types of configurations that structurally make for ideal ADUs. Garage conversion is one of the most common projects for conveniently creating an ADU out of your existing structure, with the opportunity to install necessities such as full plumbing and electricity making the space entirely self-sufficient. Other options include transforming the space above an existing garage, creating new space, or remodeling existing stand-alone space. Overall, the most appealing option on the market is converting your current garage in order to get the best value out of your existing space without having to undertake a complete house addition project.
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You might not realize it, but you could be sitting on some untapped space. Many Southern California homeowners have a hidden jackpot lodged on their property in the form of a garage. Rather than use this space to store your vehicle (or more likely a lot of junk), consider the enormous opportunities that garage conversions provide. There are a number of reasons to make getting a garage conversion your next lucrative venture, whether it’s for profit, pleasure, or a perfect blend of both.
Let’s be realistic, adding value to our properties is something that all homeowners want. No matter the steal you got on your home, it’s always in the homeowner’s best interest to see their property value skyrocket. Converting your garage into a useable space is an ideal way to give your property value a healthy boost. Garage conversions can be financially lucrative in a number of ways.
Garage conversions will provide extra livable property space that will lead to a significant rise in property value, and they will also open the door for additional income streaming if you choose to rent out the space. Buyers will view the extra space as a huge bonus if you’re looking to sell, with the added value easily covering the conversion cost. For those who aren’t looking to sell their home, there are numerous ways a converted garage can pay for itself.
2. Additional Income Source
Garage conversion services open homeowners up to the opportunity to stream additional income. The demand for rentable space in other people’s home is huge these days, especially if you’re living in an area as popular to tourists and business folk as Southern California. Hotels have become a thing of the past, replaced by room and home renting services such as Airbnb, HomeToGo, and FlipKey. It’s easy, convenient, and financially lucrative to have a space to rent out to travelers.
Being able to rent out your garage, as opposed to an extra room in the house, has an added bonus for homeowners because you don’t have to deal with having strangers in your house. Converted garages provide detached spaces to draw profits. Rent out the converted space just to pay off the project, or continue to rent after you break even to pull in an extra monthly income. The best part is the choice is entirely yours, and you can decide at any time to make the space public or private!
3. Extra Space to Enjoy
Where do you retreat to in times of stress? Imagine having your own private room to disappear to when the main house feels too chaotic. We all love our spouses, children, and friends, but sometimes a little bit of personal space is gladly welcome. Converting your garage into livable space will provide the extra square feet to use however you please.
The extra area could be used as a personal den or an added guest bedroom for housing friends and family. Maybe you have a friend who is down on their luck and needs a place to crash for a few weeks or you have an elderly relative who you want to keep close to home without entirely disrupting your privacy.
An extra bedroom is the perfect solution for keeping your options open. At the end of the day, converting your garage is the most affordable way to meet the growing demand for extra space.
Garage conversions can transform more than just your property value. They can create a peaceful oasis ideal for working from home. Living spaces can easily become overcrowded, especially with the addition of new tiny faces. Transform the way you live by building yourself an office sanctuary so you can work from home without the distractions. Enjoy all the comforts of having the main house within your reach while still having an area to focus in that is entirely your own.
Garage conversions are the most practical option for building some much needed extra living space. Even if you have the time and money for adding an additional room to your house, you’d still have to go through the process of securing permits and permission from both your Homeowner’s Association and your town. Rather than face rejection or have to cope with eating up valuable yard space by expanding your house, consider the enormous advantage of turning your garage into a self-contained living space that can boost your career.
5. Have Your Dream Room
When it comes to garage conversions, the opportunities are endless. Feel free to be as creative as you please with the new space. Transform your musky garage into your dream studio. Make it the ultimate game room that will be the envy of both your friends and your children’s friends. Or perhaps you are interested in creating the ideal family room to house unforgettable memories with loved ones. The decision is entirely up to you!
The great news is it’s not difficult for professional contractors to install utilities, such as those needed for kitchens and bathrooms, in your converted garage. Having your own fully functioning space is an entirely realistic dream. Unlike building an addition or dealing with an extensive home renovation project, garage conversions are not time-consuming. That means that your dream space is entirely within your reach.
Are you ready to untap your property’s potential and convert your garage? Contact us at California Foundation Works today to begin your garage conversion journey. Our expert team of contractors will work with your every step of the way to deliver an ideal living space that matches your unique vision.
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Los Angeles homeowners can now convert their garages into dwellings after the Senate Bill No. 1069 legalized garage conversions.
Garage conversions are a smart idea for homeowners. It allows them to use the space in the garage more efficiently and to increase the value of their properties. In order to convert your garage into a dwelling, you need to take the following steps :
The first step in converting your garage is to research and decide what you want to convert it into. There are unlimited options of what you can convert your garage into. Some ideas are, a rental or just an extension of your house by adding an extra bedroom, gym, entertainment area, office or whatever you’d like.
Your budget is very critical when converting your garage. You can customize the space as much as you want or as much as your budget allows. A garage conversion is not expensive but the cost can increase depending on the features you add, such as bathrooms. Other factors like electrical wirings, plumbing, heating and cooling, ceiling and flooring can definitely add to the cost as well.
The final step to converting a garage into a dwelling is find a contractor to actually do the work. Hire a licensed and insured contractor to carry out the work, as they are trained and understand the regulations. They will be able to tell you what can and can’t be done. Professional contractors will also make sure that all the plumbing and electrical wiring is done without exposing the owners to any dangers.
For More Information
Contact California Foundation Works if you need a professional contractor for garage conversion. Call California Foundation Works at 323-418-2239 to schedule a free garage conversion inspection and estimate.