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How Much Money Can You Save with Solar?

Are you wondering how much money you can save with solar? All homes can save different amounts of money based on a few different things.

A Households Electricity Consumption Is the Main Factor of How Much Money Can Be Saved with Solar

The main factor that dictates how much money you can save with solar is based on the amount of energy your household consumes. Homes that use up more electricity will be saving more money. This is due to the fact that the more electricity a household consumes, the higher an electricity bill would be without solar.

Therefore, a good way to calculate the amount of money that is being saved within a small time frame is by looking at the cost differences of your monthly electricity bill compared to monthly financing costs of solar panel installation.

Basic Math of How Much Money You Can Save with Solar

Here are some of some basic mathematics that can help you have an understanding of how much money you can save with solar.

Example of How Much Money You Can Save with Solar Can Save

Let’s consider that a homes electricity bill was an average of $1,000 a month on their electricity bill.

If they get solar panels that can generate the same amount of electrictricity by financing them for $400 a month, the minimum short term monthly savings of this household would be $600 a month.

To clarify, lets go over the reason why the minimum short term monthly savings would be at least $600. This is due to the fact that the household will have $400 monthly electricity cost by financing solar panels, compared to a $1000 monthly electricity cost of an electric bill. The difference would add up to $600.

This is without even considering all the extra future savings once financing is paid off. Once your finished paying off the financing for the Once financing is paid off, you will be saving even more money.

The amount of money you will be saving every month at that point is based on however much your electricity bill would have been if you were still paying an electric company. As a result of your solar panels, you will be saving the total cost of what your electricity bill would have been once financing is paid off.

Example 2 of How Much Money Solar Can Save

Let’s consider a household that is spending $450 a month on electricity.

If this household can generate the same amount of electricity by financing solar panels for $250 a month, the minimum short term monthly savings of this household would be $200 a month.

Solar panels don’t require years in order for them to start saving you money. They can start saving you money right away. As a matter of fact, you can quality for solar installation in Los Angeles for no payments at all during the first year! That’s right, you won’t have to pay a penny for the first year at all. Your first year of installing solar panels could instantly save you all the money that you would have otherwise spent on electric bills.

 

How Much Does it Cost to Convert a Garage Into a Living Space?

How much does it cost to convert a garage into a living space? On average, converting a garage into a living space can cost anywhere from around $15,000 to $75,000.

The cost of every garage conversion project will be different based on it’s details. Some cost factors include the size of the living space, amount of rooms, materials used, and more. In basic terms, the total amount of labor and material required will determine the job’s final cost.

Some conversion projects could cost much more or less than others depending on their complexities. Conversions with complex designs with expensive materials will surely have a much higher cost compared to conversions with simple designs with less expensive materials.

Property owners have plenty of flexibility when it comes down to the cost of garage conversions. Decisions can be made based on budget availability.

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Building a Pool in Los Angeles

Are You Planning on Building a Pool in Los Angeles?

Building a pool in Los Angeles, CA, has never been as easy and efficient to do as it is today.

Although there’s never been a better time to build a swimming pool in your home, you should still make the best choice possible when hiring a company. Why settle for anything but the best Los Angeles pool builders possible?

There are a variety of companies and pool contractors that would be willing to build one for you. Out of all the options that are available today, it is hard to know which ones are new and which ones are experienced with building quality pools. As a homeowner, it is your duty to make sure you hire people that know what they’re doing.

Finding the Right Contractors to Build Your Swimming Pool

Finding the right contractors to build your swimming pool can be the most important factor of getting the job done properly.

If you hire the wrong people, the job may not come out nearly as nice as getting the right people to do it. Look into various things about construction companies and contractors in order to help you make the best choice about who to hire.

One major thing worth looking into about companies and their workers is how long they have been around. If it is a new company, you would likely rather not hire them compared to hiring a company that has been around for many years. New companies may know what to do and how to do it, but simply lacking the experience can be a big downside of a job that they complete for you.

Another thing worth looking into is the confidence and expertise of a contractor that visits your home to quote you. You can get an idea of how well a job may be done by examining the worker that’s there to quote you. If he/she are experienced with what they are quoting you for and are confident about doing the job, it is more likely that they will get the job done properly compared to a contractor that seems nervous and/or unsure about it. Body language and facial expressions of the person can be examined to determine how they truly feel about completing the project.

Next, Building a Pool in Los Angeles Should Be a Breeze

After finding the right people for the job, building a swimming pool in Los Angeles should be a breeze.

The design will be finalized and the construction process will begin. Construction will usually begin with a large hole being dug for the pool to be placed in. During this process, materials will be hauled in and be ready to start the building of the pool.

The entire process of construction should take about one month to two months depending on the scale of the project. In certain cases, the project may take even less than one month to complete.

All American Builders is ready to build to the pool of your dreams for your home. Check us out on Google Maps or Yelp for more information.

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Can Remodeling Your Home Be Profitable?

Are you wondering if remodeling your home can be profitable? Yes, there are various ways that homeowners can profit by remodeling a property.

How Can Remodeling Your Home Be Profitable?

Remodeling a home and/or property can be profitable during two main types of circumstances.

These two main circumstances include increasing home value for a sale, and increasing rent price for renters. As a matter of fact, these situations can be so profitable that many people do it as a business.

1. Selling Your Home for a Higher Price

Increasing a home’s value by remodeling and selling it for a higher price can be a very profitable thing for property owners.

The value of a home is strongly determined by the living conditions it can provide for the residents that will be staying there. As a result, remodeled homes can be sold for much higher prices as opposed to non remodeled ones in the same areas. A home’s value will increase proportionally to the extent of which the home has been remodeled.

Therefore, by investing in remodeling, property owners can receive much more money when selling their home.

1a. Example of Situation 1

Here is an example of situation #1 in order to provide a realistic point of view for you.

Let’s picture a scenario where a home is worth five hundred thousand dollars ($500,000) in its current condition. The homeowner invests one hundred thousand dollars ($100,000) on remodeling and upgrading the property. As a result, anything more than six hundred thousand dollars ($600,000) would be profit. Therefore, if the home is sold for eight hundred fifty thousand dollars ($850,000) a decent amount of profit would be made thanks to the remodels.

In this case, the amount of profit made by the property owner would add up to two hundred and fifty thousand dollars ($250,000) not including taxes and fees.

1b. Mathematics of Situation 1 Example

Original Home Value = $500,000 (This is how much you will receive if you sell the home without remodeling.)

Extra Cost of Remodeling = $100,000

Home Selling Value After Remodeling = $850,000

So New Selling Value of $850,000 – $100,000 Cost of Remodeling = $750,000 (This is how much you will receive if the home is sold after remodeling.)

The profit would be the difference of $750,000 and $500,000 which would add up to a total of $250,000 profit.

2. Renting Your Home Out for a Higher Price

Increasing a home’s value by remodeling and renting it out for a higher price can be very profitable.

The price of a home is strongly determined by the living conditions it can provide for the residents that will be staying there. As a result, remodeled homes can be rented out for much higher prices as opposed to non remodeled homes. Therefore, cost of rent for a home will increase proportionally to the extent of which the home has been remodeled.

Therefore, by investing in upgrading a home, property owners can receive larger amounts of long term income from the increased price of rent money they receive from their properties. The additional difference would be the profit that they make.

The profit that could be made in this situation would be based on the difference of the upgrade costs and the additional rent price.

2a. Example of Situation 2

Here is an example of situation #2 to provide a realistic point of view for you.

Let’s consider a situation where a property owner can currently rent their non-remodeled house out for two thousand dollars ($2,000) a month. The amount of profit that can be made is based on the difference of money they spend on the remodeling and the amount that they raise the monthly rent by.

If they invest one hundred thousand dollars ($100,000) on remodeling the home with 30 year financing, their monthly financing costs could add up to around four hundred dollars ($400) a month with interest. In this case, increasing the rent by anything more than the monthly financing cost would be profit. Let’s consider if the property gets rented out for two thousand seven hundred dollars ($2,700) as a result of the remode. In this case, the monthly profit made by the property owner would add up to three hundred dollars ($300) in the beginning.

This monthly profit will gradually increase as the cost of interest goes down over time.

2b. Mathematics of Situation 2 Example

Original Rent Price Before Remodel = $2,000 a Month

Cost of Remodeling = $100,000

Monthly Cost of Remodel With 30 Year Financing Based on Terms = Approx $400 a Month Including Interest

Home Rent Price After Remodeling = $2,700 a Month

Profit Made By Remodeling = $300 a Month ($2,700 New Monthly Rent – $2000 Original Rent – $400 Financing Cost)

These Are Just Some Basic Examples of How Remodeling Can Be Profitable!

The scenarios provided above are just some basic examples of how remodeling your home can be profitable.

There are many other ways of making profit with remodel. Another great example would be a garage conversion. Converting a garage into an accessory dwelling unit can be very profitable for the same reasons stated above.

Are you serious about making profit by upgrading your property? Experienced professionals near you can help you create a profitable situation for yourself. They can do this by providing you with detailed information and suggestions on what you can do to reduce costs and increase value.

Are you looking for some of the best home remodeling Los Angeles has to offer? If so, our team of master craftsmen can help you make profit by upgrading your house. No need to search on Google or Yelp anymore! Get the highest quality work for the most affordable prices around.

garage conversion ideas

Garage Conversion Ideas

Are you looking for garage conversion ideas to implement into your new accessory dwelling unit (ADU)?

There are a variety of ideas you can implement in order to improve a garage conversion project. We are here to provide you with free information that will help you know more about converting a garage into a living space.

Garage Conversion Ideas for Layouts, Space Efficiency, and Saving Money

In this article, we will go over different types of garage conversion ideas, including money saving ideas, space efficiency ideas, and styling ideas.

Layout Ideas for Garage Conversions:

There are various types of layout ideas you can choose from for you garage conversion depending on your desires of how the ADU will mainly be used.

1. Layout with an Entrance near the Bathroom

This can be a good place to put the entrance if you would like visitors of the backyard or main home to have easy access to the bathroom.

By placing the entrance of an ADU near the bathroom, visitors of the home can conveniently use the restroom without having to walk through the entire ADU. This can be a beneficial thing for people who plan on having plenty of parties and get togethers in their backyard or main home.

2. Layout with an Entrance near the Kitchen

Placing the entrance near the kitchen of an ADU can be a great idea if you plan on using the kitchen a lot.

As a result of placing an entrance here, there will be easy access into the kitchen, and easy access out from the kitchen, without having to do much walking through the rest of the unit.

3. Layout with an Entrance near the Main Living Space

This can be the most efficient layout idea for ADUs that are going to be rented out, or if they are to be used by many visitors coming in and spending time.

As a result of placing the entrance near the main living space, users of the ADU can conveniently have equal amounts of access to the kitchen and bathroom, while the majority of people in the main living area have easy access in and out the ADU without getting in the way of others.

Space Efficiency Ideas for Garage Conversions with Pitch Roofs:

If you have a pitch roof, there are two different types of additional space you can get from the ceiling. You can either have extra storage space or extra open space.

If you do not currently have a pitch roof on your garage, it is possible to have one built, although additional costs will apply.

1. Regular Ceiling for Additional Storage Space

With this type a ceiling, you can have additional storage space for your ADU.

The ceiling will be flat above the room in this case. The higher unused parts of the room will be sacrificed in this case while creating additional storage space that will be blocked off from the rest of the room. You will sacrifice the higher unused parts of the room to create the Insulation of the ceiling will be placed within the newly built flat area.

2. Vaulted Ceiling for Additional Open Space

With an open voltage ceiling for a pitch roof, you can have a larger area of space within the room as a result of the higher ceiling.

Insulation used for these types of ceilings are special sheets that are placed on top of roofs.

Money Saving Ideas for Garage Conversions:

Here are a couple of ideas that can help you can save money on a conversion project.

1. Save Money on Plumbing by Placing the Kitchen and Bathroom as Close to the Main Home as Possible!

The locations of where the kitchen and bathroom are placed in an ADU affect the cost of the job.

This is mainly for plumbing reasons. The closer an ADU’s kitchen and bathroom and placed to the main home, the less expensive it would be to complete the plumbing. It is a good idea to build the kitchen and bathroom as close as possible in order to reduce plumbing costs.

2. Do Some of the Work Yourself (Caution!)

Be extremely careful if you attempt this. Doing some of the work yourself can help you save some money by reducing costs but it is only suitable for certain people with proper knowledge.

Demolishing is the main type of work that some homeowners can do by themselves in order to reduce costs. Anyone planning on demolishing should not do so without knowing the very specific parts that need to be demolished. Demolishing any more than you need to can actually end up costing you more money.

Always consult with experienced contractors near you to make sure you are doing the right thing before you attempt to do any of the work yourself. DO NOT ATTEMPT THIS IF YOU ARE NOT 100% SURE OF WHAT YOU ARE DOING.

Get More Garage Conversion Ideas from Professionals near You

Professionals near you can provide you with more garage conversion ideas based on your specific desires of the ADU.

Are you searching for the best possible general contractor near you for California garage ADU conversion? All American Builders is known for providing some of the best garage conversion Los Angeles has to offer. We also have some of the most affordable prices around.

Find us on Google Maps or check us out on Yelp for more info! Check out our reviews and images of jobs we’ve previously completed!