Housing laws in California are traditionally very strict, especially if you are renting out a space. But recently, California lawmakers made it easier to convert garages into residential spaces. Garage conversions and stand alone small living quarters, also known as ADUs or Accessory Dwelling Units, are also becoming very popular.
By adding more square footage to your home, you can earn additional income by renting out the space or build your dream workshop. Keep in mind that the garage must meet certain requirements that you can read more about here.
So why might you turn your garage into an extra room? Let’s look at the main benefits to investing in a garage conversion in Los Angeles.
One of the main advantages to converting your garage into a new room is the opportunity for passive income. You can rent out a safe, secure place and charge tenants monthly rent. The money you get will quickly offset the cost to convert the garage, and then you can start earning additional income that can add up to $6,000 or more a year.
If you’ve thought about buying a property to rent out but aren’t sure if you’re ready for it, converting your garage is a great compromise. You can choose affordable finishes during the renovation and add value to your home when it’s time to sell. Or, you can choose to use the garage as an office or in-law suite later down the road.
Housing prices in Los Angeles are high, so many families end up living in small homes. This may be doable when the kids are small, but if family members move in or college kids return home, the space can get tight. Having an extra room in the garage provides you with the space you need to live comfortably.
If you’ve been dreaming of a luxury bathroom, a private work-out space or a cozy office, you can do so with a garage conversion. Choose the finishings you want and save big from not having to buy another property. You can also turn the garage into a hobby space or playroom for the kids.
If you’re considering converting your garage into an in-law suite, rental property or extra room for your own family, it’s important to do your research and familiarize yourself with the regulations in your area. You can then start gathering bids for the project from reputable contractors in Los Angeles.
Kavin Construction is a residential home remodeling contractor that can convert your garage into the space you want and need. We provide high quality workmanship and use superior materials that will enhance the comfort and livability of your home. For a free estimate on your garage conversion, contact us today.