Garage conversions are a popular way to create an accessory dwelling unit (“ADU”). ADUs offer unique benefits, which makes them a great option if you have the space and resources. Many people purchase a home without considering future growth. As time passes you will likely need more space for your children, extended family, or even your possessions. Below you will find the 7 reasons garage conversion is ideal for California.
7 Reasons Garage Conversion Is Ideal for California
A garage conversion can offer a number of benefits as it is a great investment into your home. If you need more space in your home, consider the top reasons why homeowners in California are opting for a garage conversion.
Multi-Generational Housing:
Due to the real estate industry being entirely unaffordable for the vast majority of Americans, especially in California, multi-generational homes have become increasingly popular. Whether it’s your own children or aging parents, your garage can be converted into a living space for your family. This can also help your adult children save money or provide you with in-home child care if your parents move into the space. Multi-generational homes offer a number of economic benefits to families.
Guest House:
For those who like to host guests, a garage can easily be converted into a space for guests. This is especially great for guests who stay for long periods as they can have their own space. The garage can also be converted to host your adult children who come home for college or if a family member needs a place to stay for a while. If you have guests in your home consistently, a garage conversion is a beneficial option.
Rental Property:
Rental income can be a major benefit to your financial health. In fact, more than half of people from the millennial generation and below rent. Having an affordable rental property can be beneficial as it is in high demand, especially among young people in California. If your garage is large enough you can even create setups so that your renter does not have to use anything in your main home.
Hobby Space:
Depending on how big your home is, you may not have an extra room for your hobbies. Whether it’s crafts, video games, or even a poker table, converting your garage into an extra hobby room can alleviate the pressure for space in your home. This can also be a really fun project as you can curate your garage into your own personalized space.
Improves Housing Crisis:
The current state of the economy has made the cost of living expensive, especially for young people in California. Converting your garage into a living space can be a great way to create passive income, but you can also be a part of improving the terrible housing crisis. If you don’t want a stranger living in your home, consider your adult children, aging parents, friends, or distant relatives who need a place to stay.
Highly Popular ADU Option:
Garage conversions are the most popular ADU for a number of reasons. Because the space is already attached to your home, it’s much more affordable than building a guest home from the ground up. This also makes the conversion much easier in terms of finances, labor, and getting the proper permits based on the state and local guidelines. Lastly, garage conversions don’t take up any other space on your property so you won’t have to cut into your yard space to create it.
Increases Property Value:
One of the most financially beneficial factors associated with a garage conversion is the impact it can have on your home value. Even if you are not considering selling any time soon, a garage conversion can improve the value of your home when you sell in the future. Working with the professionals at Sharon Stone Design remodeling services can help you effectively capitalize on this.