Garage Conversion Sherman Oaks – ADU General Contractor
Published by
Mike Smith
11/03/2018
Call us for a free in-home garage conversion estimate. Our general contractors have been converting garages in Los Angeles County. Call us for a quote here 1-323-894-9224
A typical garage conversion in the US could range anywhere between $75,000.00 to $150,000.00. However, this can be lowered to around $40,000.00 just for a “bare bones” conversions. It might appear as though the amount is exorbitant in nature. However, these prices are reasonable, considering doing a conversion in one of the well-sought out areas in California – in Los Angeles. A lot of people are moving into the area for variety of reasons. Therefore, the return in your investment far outweighs the initial expenses that come with garage conversion. To simplify, a reasonable installment for a $20,000.00 loan is around $400.00 – all things considered, and a studio apartment could be rented out for at least $1,000.00/ month. That is a 60% profit-margin income that you get to keep for as long as you lease out your converted garage.
This type of business is quite beneficial to homeowners because they are able to repurpose their underutilized garage space and turn it into their own private space. Homeowners nowadays prefer to make use of their underutilized 3 beds - 2 bathrooms and sublease it to other people for $2,000.00, while paying only $400.00 for their private living space.
Sherman Oaks Garage Conversion Accessory Dwelling Unit benefits
- Make Upto $2,000.00 Month
- Travel More
- Let someone else pay your mortgage
- Use the profit to start a business
- PayOff House A Lot Faster
- Live Life Less Stressed
- Use the profit to buy another house
- Buy the lake house you always wanted
The choice is yours on how you would like to spend (wisely, though) the extra $1,000.00 - $2,000.00 per month income. Again, this option is limited to homeowners within the Los Angeles district. Also, not everyone is guaranteed to qualify to convert their garage into a studio apartment. This is going to be based on the legal parameters imposed by your jurisdiction. Other Los Angeles residents have converted their garages into Yoga Studios, Office Space, Daycare Center, and Gym.
Any major changes to the layout of your property is subject to rules and regulations by the city. Therefore, to mitigate any problems that normally come with construction, it is best to acquire the expertise of a licensed and bonded contractor to aid you throughout the process.
Any smart homeowner will know that there are limitations to DIY garage conversion and would rather stay within their capacity and let a general contractor from LA Garage Conversions do the work.
Sherman Oaks Garage Conversion General Contractor
Call us for a free-in-home garage conversion ADU estimate. Equipped with 18 years of experience, LA Garage Conversions is always ready to tackle any home projects anywhere within the Los Angeles district. Call us at 1-323-894-9224