In places like Los Angeles, extra living space comes at very high price today. Building new extensions or moving bigger homes is costly. Many houses have unused garages just sitting empty. Converting the garage to a living space gives owners a usable flat at a fraction of the new construction costs. ADU conversion has many other money benefits also over years through rental income, property value rise etc. This article tells homeowners 5 major advantages of transforming their standalone garages into ADUs.
Extra Living Area Within Property
Converting Garages to living spaces adds substantial usable space for owners at a relatively low cost compared to building extensions or shifting homes. This bonus area, doubled up from the existing garage, can serve multiple purposes, from entertaining guests to comfortably hosting elderly parents or in-laws or simply expanding main house space for larger families or home office needs.
Increased Overall Property Worth
Research data reveals converting garages boosts total property valuation by 15-20% on average after becoming an ADU. This holds true even excluding the fact that properly designed ADUs can earn rental income for 30-40 years, adding to long-term wealth. Easy financing options like dipping into home equity or mortgage refinancing help fund initial garage conversion project costs to unlock this value upside.
Steady Rental Income Potential
Well-planned ADUs with amenities, storage etc. earn over 30% higher rental income relative to commercial studios per square feet. Compliant with LA regulations, these make profitable investment assets for homeowners over decades that keep providing inflation-adjusted rental earnings. Tenants also prefer such private units at usually lower rents than standalone commercial options.
Responsible Use of Existing Infrastructure
ADUs tap into available unused garages to create living spaces rather than building new illegal unofficial dwellings. They use existing plumbing, electrical and land optimally with a small managed footprint complying with area rules. This also prevents neighborhood alteration maintaining overall housing density. Converted ADUs thus enable graceful aging in place sustainably for growing families or downsizing seniors.
Cost-Saving Asset Creation
Full-fledged new construction projects cost $200+ per sq ft in Los Angeles currently. But converting existing standalone garages into ADUs only entails $100-150 per sq ft spent, including construction, designs, etc. While maximizing asset use from low-utility garages, homeowners save over 50% executing planned secondary dwellings. With better financing options like LA county grants, ADUs make affordable multi-generational family housing solutions.
Increases Flexible Accommodation
Extended families today prefer staying together in the same household for emotional or financial reasons. General Contractors Los Angeles builds ADUs above the garage or beside the main house using existing electrical and water facilities, allowing comfortable hosting grandparents/parents without fully relocating them.
Elders also feel less lonely or dependent in familiar neighbourhoods near loved ones through adjustable accommodating arrangements that are impossible in commercial senior homes. ADUs are designed specifically to factor in accessibility and safety aspects, thus flexibly facilitating dignified joint family living.
Conclusion
Converting garages boosts owners’ living quality and financial capacity multiple times by optimising existing unused structures to code. For customized ADU build and design expertise, sustainably maximising end benefits, rely on established Los Angeles specialist JC Home Builders leveraging decades of regional experience.
Get your property earning its true potential via compliant ADUs legally with proper permits – whether generating long-term rental income or simply expanding living quarters conveniently. Call JC Home Builders today for quotes on making garages multi-functional ADU spaces reflecting LA homeowner needs today.