How Garage Conversion Affects a Home's Value img

How Garage Conversion Affects a Home’s Value

Are you wondering how garage conversion affects a home’s value?

Converting the garage of a single family home into an accessory dwelling unit (ADU) can increase a home’s value. It can also be profitable for a homeowner who doesn’t even plan on selling their home.

How can garage conversion be profitable? There are various ways that upgrading your a home’s garage into a living space can be profitable. One way is that it can increase a home’s value for anyone planning on selling a home.

How Can Garage Conversion Increase a Home’s Value?

Let’s go into detail about how a garage conversion can increase a home’s value by going over some examples.

First Example of How Garage Conversion Affects a Home’s Value in a Good Way

Let’s consider a home that has a value of $600,000 USD and is 2,000 square feet large.

In this case, the value of each square foot is worth about $300. If an ADU that is 400 square feet large is added to this home, the total square footage of the home will be increased to 2,400 square feet.

Therefore, the additional 400 square feet of living space multiplied by $300 per square foot can increase the homes value by $120,000 USD.

The Mathematics Behind the First Example:

Home Value Before Conversion = $600,000

Home Size Before Conversion =  2,000 Square Feet

$600,000 Divided by 2,000 Square Feet = $300 Per Square Foot at Current Homes Value

Adding 400 Square Feet of Living Space x $300 Per Square Foot = $120,000

Home Value After Conversion $600,000 + $120,000 = $720,000

In this first example, the home’s value is increased by a whopping $120,000 by only adding 400 square feet of living space to the home. This is without a garage extension.

An extension could have increased the additional square footage of the home by even more than 400, which would have increased the homes value relatively. Therefore, if the ADU was 600 square feet instead of 400 square feet in this first example, the value of the home would have increased by $180,000 instead of getting increased by $120,000.

In this case with an extension of 600 extra square feet instead of 400 extra square feet, the homes value would have increased to $780,000 from the extra 600 square feet instead of $720,000 from the 400 square feet.

Second Example of How Garage Conversion Affects a Home’s Value in a Good Way

Let’s consider a home that has a value of $1,000,000 USD and is 2,000 square feet large.

In this second example, the value of each square foot would be worth about $500. Let’s calculate how much value an ADU that is 400 square feet can add to this home.

The extra 400 square feet of living space from the ADU multiplied by $500 per square foot can increase the homes value by $200,000 USD.

The Mathematics Behind the Second Example:

Home Value Before Conversion = $1,000,000

Home Size Before Conversion =  2,000 Square Feet

$1,00,000 Divided by 2,000 Square Feet = $500 Per Square Foot at Current Homes Value

Adding 400 Square Feet of Living Space x $500 Per Square Foot = $200,000

Home Value After Conversion $1,000,000 + $200,000 = $1,200,000

In this second example, the home’s value is increased by a whopping $200,000 by only adding 400 square feet of living space to to the property with an ADU. This is without an extension.

An extension could have increased the additional square footage of the home by even more than 400. The homes value could have increased by relatively more based on the extra square footage of the extension.

Let’s consider if the ADU was 600 square feet with an extension instead of 400 square feet in this second example. In the case of this second example, an ADU with an extension of 600 square feet could raise the value of a home by an additional $300,000 compared to the 400 square foot ADU raising the homes value by $200,000.

Therefore, in this case, if the ADU was 600 square feet instead of 400 square feet, the homes value would have increased to $1,300,000 from the extra 600 square feet instead of being raised to $1,200,000 from the 400 square feet.

Increase Your Homes Value by Converting a Garage into an ADU

Are you planning on converting your garage into an ADU? A California garage to ADU conversion can be an extremely beneficial thing for your life and your future.

A recently passed law called Senate Bill 1069 has made converting a garage into an ADU easier than ever to legally accomplish in California. A garage conversion contractor near you can help with remodeling your old garage into all types of new room additions that can be used as extra living space!

Are you located in or around Los Angeles County, California? Don’t settle for anything but the highest quality work in your home. No need to search online any longer. We are popular for being one of the best construction companies Los Angeles can provide.

Provide us with the details of your project and we would love to turn all your desires into a reality.

how to save money on remodeling

How to Save Money on Remodeling

Are you wondering how to save money on remodeling?

There are many things property owners can do to save money on home remodeling projects. By looking at the cost factors of a remodel project, homeowner can decide on where they can possibly cut down their costs.

Some Cost Factors of Remodeling

There are a variety of cost factors that go into remodel projects. You can save money on remodeling by adjusting some of the decisions you make related to the job.

  • Demolition
  • Materials
  • Labor

Save Money on Remodeling by Adjusting Cost Factors

These three cost factors can be adjusted in order to save a property owner money on any type of remodel job.

1. Demolition

Demolition is a cost factor that homeowners can save money on by doing it themselves.

Although it may not be the easiest task to complete for the average person, demolishing an area does not require any advanced skills. If a homeowner really wants to save money, they can do this part themselves instead of paying a third party to complete.

2. Materials

Materials are a cost factor that can be adjusted to save a property owner money.

There are a variety materials that can be used for similar types of jobs. Some materials are more expensive than others. Depending on budget, property owners can adjust the materials they decide to use based on whichever ones are priced better.

3. Labor

Although not in all cases, labor can be an adjustable cost factor of remodeling a home.

Some construction companies can charge more than others for the same types of jobs. If you are really aiming to save money, get a free estimate from a few different companies in order to get the best price possible.

Save Money on Remodeling by Making Adjustments to the 3 Factors Above

Property owners can definitely save themselves money by making adjustments towards the three factors stated above.

After making adjustments to demolition, materials, and labor, you will be astonished. The prices differences in your original quotes compared to quotes after making these adjustments will be phenomenal.

asbestos removal costs

Asbestos, Popcorn Ceilings, and Removal Cost

Prior to 1979, asbestos was a very popular for insulation. Asbestos is a carcinogen that was used extensively in building materials prior to the 1970s. It’s commonly found as pipe and duct insulation, vermiculite attic insulation, ceiling and wall acoustical tiles, and floor tiles.

What is Popcorn Ceilings?

Popcorn ceilings, also known as acoustic or textured ceilings. You can recognize popcorn ceilings in your home by their unique texture. Many homes constructed prior to 1970’s have popcorn ceilings, which contain the toxic asbestos material. Merely brushing asbestos popcorn ceiling with your hand releases toxic dust, which renders it as dangerous as old asbestos pipe insulation.

What to Do When The Popcorn Ceiling in Your Home is Damaged and Flaking?

If the popcorn ceilings in your home is damaged, flacking, or crumbling asbestos removal may be warranted if your popcorn ceilings contains asbestos material. Asbestos becomes hazardous and dangerous to ones health when the fibers are released into the air and then ingested or inhaled. Therefore, if your popcorn ceilings are damages or flaking it is highly recommended you seek an asbestos inspection.

Asbestos Removal Costs in Los Angeles

Asbestos removal cost in Los Angeles will vary depending on various factors such as the square footage of your home that contains asbestos, and materials used during asbestos removal process. An initial asbestos inspection costs anywhere between $400 to $800. Complete asbestos removal for a 1,500-square-foot home including walls, pipes, floors, ceilings, attic, and roof can be as high as $20,000 to $30,000. On the other hand, the removal of popcorn asbestos ceilings in a single family home with 1,600 square feet can cost anywhere between $3,500 to $11,500. In Los Angeles, CA the expected average cost for asbestos ceiling removal is $7.71 per sq.ft. for a 1,500 sq.ft. ceiling.

Asbestos Exposure During Home Remodeling Project

When asbestos is left alone and undisturbed it is not hazardous. However, sometimes during a home renovation or remodeling project these toxic dusts particular and fibers are released into the air causing asbestos exposure. Therefore, it is recommended that you test your home for asbestos prior to any home renovation or Los Angeles home remodeling project.

Where Can Asbestos Be Found in The Home?

A few common areas where asbestos may be found in your home include:

  • Ceilings
  • Floor Tile
  • Plaster
  • Roofing
  • Insulation
  • Window Caulk
  • Drywall

Contact Tarzana Home Renovation Contractor

For help with asbestos removal or your next home renovation project, we invite you to contact our Tarzana home renovation contractor at (844) 226-3314 for a free estimate today.

A Guide to California Residential Solar Panels

A Guide to California Residential Solar Panels

Homeowners looking to install residential solar panels for their next home remodeling project in order to save money on their monthly electricity bill, for tax incentives, or to decrease their carbon imprint.

Regardless of the reason(s) for converting to solar energy, there are a few things to consider.

California Law Requiring Solar Panels

California law is requiring all newly constructed homes to have solar panels effective Jan 1, 2020.

The California Building Standards Commission upheld a May 2018 decision to require solar panels on homes up to three stories. Solar panels will be required on the construction of new homes in California, after the state’s Building Standards Commission gave final approval to a housing rule that’s the first of its kind in the U.S. Furthermore, the requirement goes into effect Jan. 1, 2020 which requires at least 50 percent of the state’s electricity to come from non-carbon sources by 2030.

As such, effective in 2020, California homebuyers will have the option of either paying for solar panels outright, leasing them, or entering a power purchase agreement with developers.

Difference Between Leasing and Buying Solar Panels

The main difference between buying and leasing a solar panel system is in ownership. If you buy a solar panel system, you own the system, either outright or after repaying your solar loan.

If you lease the solar panel system or sign a power purchase agreement (“PPA”), a third party owns the solar panel system. You can save between 40 percent and 70 percent on electricity costs over the lifetime for purchased solar panel systems, depending on your property and the incentives in your state.

One the other hand leasing solar panel systems can save between 10 percent and 30 percent off the prices you pay your utility for electricity, depending on your property and the incentives in your state. Other differences between leasing and buying solar panel systems include:

  • Cost
  • Maintenance
  • Terms
  • Savings on investment
  • Ownership

Why Should I Buy Solar Panel System Versus Leasing in California?

Leasing a solar panel system in California means the company you contract with owns the solar panel system, and you pay the company a rate for the electricity; upon the ending of the lease term,  the company may take the system away.

On the other hand, when you own the solar panel system, it can keep working for you long after it pays off the cost of the purchase. Make sure you compare the total lifecycle cost of the lease and weigh the savings against the benefits you would get from ownership.

Prior to making a decision on buying or leasing your solar power system, explore and entertain all of the solar financing options available to you. Every residential homeowners situation is different, and what is best for your property depends on a wide range of factors.

Factors to Consider with Residential Solar Panel Installation

There are a few factors California residences want to consider with residential solar panel installation including the following:
    • Available incentives and rebates
    • Direction your roof faces and angle of roof
    • Age of your roof
    • Obstructions or shading on your roof
    • Current cost of electricity
    • Space

California Solar Panel Tax Credit

The biggest advantages in California for installing solar panels in the 1 for 1 net metering law and the 30% federal tax credit. If you’re a California homeowner you will be kicking yourself you didn’t get solar with these incentives around.

How Much Electricity Will an Average Solar Panel System Produce in California?

Solar panels systems or grids will produce different amounts of energy in different locations. Typically, in the Los Angeles or San Fernando Valley solar panels installed on a south facing 29 degree pitch roof can typically produce: 1,550 kWh per year per 1kw of peak DC, otherwise known as “direct current” capacity.

Are you in search of the best possible solar installation Los Angeles has to offer? We can provide you with the most innovated solar technology and help you start saving money instantly.

California Garage to ADU Conversion

California Garage to ADU Conversion

California garage to ADU conversion is the second most common way to create additional dwelling space within an existing residential home in Los Angeles.

In California, garage conversions are commonly referred to Accessory Dwelling Units, “ADUs”. A law called Senate Bill 1069 made it easier for homeowners to legally build ADUs on their properties. The bills text provides detailed information about regulations and rights of residents regarding ADUs.

In fact, a large number of Los Angeles residence already live in “back houses” and ADUs. After all, Converting a garage into a living space can be the easiest and most cost-effective way to create an additional dwelling unit to your property. In addition, it can offer various other advantages as well.

Can garage conversion be profitable? Yes, there are various ways that a property owner can profit from converting their garage into an ADU.

Additional Rental Income

ADUs provide an additional source of rental income for homeowners and low-cost housing for many renters living in Los Angeles.

Likewise, an ADU conversion offers manageable density to single-family areas where new apartment complexes would be hard to construct.

California Senate Bill 1069

In 2016, California Senate Bill 1069 made it easy for homeowners obtain approval of remodeling garages into new living spaces.

The bill to reduce the barriers many California homeowners face when seeking to build an accessory dwelling unit or granny flat on their property.

Garage to ADU Conversions Size Requirements in California

California Garage to ADU conversion size requirements can vary by city in California.

For instance, in the City of Santa Monica, all types of ADUs can be up to 650 square feet in size. On the other hand, in City of Glendale garage to ADU conversion size requirement is limited to a maximum of 600 square feet. City like Santa Monica, Glendale, and Pasadena have ADU ordinance which outlines city-specific guidelines for ADU dwellings.

However, per state law, the size of an ADU attached to the main residential house is limited to a maximum of 1,200 square feet or half the size of the existing residence, whichever is smaller. While, detached ADUs can not be larger than 1,200 square feet.

Do You Need a Permit for Los Angeles Garage to ADU Conversion?

In Los Angeles-area cities, and in unincorporated Los Angeles County, homeowners seeking to do a garage to ADU conversion may need to run the plans for the remodeling project by their local department of building and safety.

ADU Certificate of Occupancy

Upon the completion of California garage to ADU conversion, homeowners will need to obtain a certificate of occupancy before a tenant can move in.

As such, the ADU structure will need to be inspected, including electricity, plumbing, and heating system will be required to all be in working order.

Garage Conversion Ideas

There are many types of rooms that garages can be converted into. Some conversion ideas include:

  • ADU conversions
  • Living space conversion
  • Studio conversion
  • Game room conversion
  • Home office conversion
  • Playroom conversion

Garage Conversion Contractors in California

Are you are seeking an experienced garage conversion contractor for your project?

Experts at our construction company offer the highest quality garage conversion Los Angeles can provide. Get a free estimate online or call now to go over the details of your project!