“You could possibly make up to $4,000 extra a month, with little to no extra work. Call us for a free estimate, as if you delay even a day could cost you thousands in lost profit.
Average rent in your area for a 3 bedroom home with over 1,000 Sqft could be higher then $4,000.
Convert your Garage, backyard, or even pool location to a secondary income.
The state of California realized the only solution to the housing crisis is allowing local residents to solve it themselves, by providing homeowners a secondary income. In 2016 the State of California signed a bill that amended requirements for garage conversions on residential properties, it has become a real estate trend for homeowners to turn garage units into additional housing. These units now officially being recognized by the Planning and Zoning Law as Accessory Dwelling Units. With this and the increased housing crises in California there have been more bills passed to allow larger ADUs on the property and to have not just one but two in total.
Senate bill No. 1069 allows cities to govern requirements for constructing second and third smaller units in single family and multifamily residential zones. Soon after they passed AB 2299 and AB 2406, with the attempt to allow it to be easier to build ADUs by removing restrictions. They even passed Senate bill No. 1226, this allowed the possibility to have illegal preexisting ADUs to be inspected to pass code.
While converting garages, free backyard space, or even the location where a preexisting pool is located into living spaces also provide a solution that could benefit Los Angeles homeowners in several ways:
It allows homeowners to turn what could be a large unused space into extra living areas. For homeowners. This is one of the best ways to raise property value in today’s market. Not only does it require minimal to no disruption in the current home, but their projects can easily add additional square footage to the home. Whether you have a one or two car garage, the right layout can maximize on space to create a comfortable studio.
Adding an accessory dwelling unit in Los Angeles brings opportunity for additional income as the need for rental units increases. With the number of renters on the rise, it’s one of the best ways to create additional income opportunities and can quickly pay for itself and then some.
Converting a garage into an ADU can also allow for extended families to live together without compromising on privacy. Second dwellings can be a perfect in-laws quarters so you can help parents or grandparents and keep them close and keep on budget.
Don’t delay seeing your opportunities, as easy as the state of California is trying to make it that you have a second income, each year from changes in code, increases the cost. Since 2016, there has been an increase of over 10% in cost, due to additional requirements you normally would not see in a conventional home. Also due to the influx in demand from the local Planning and Zoning departments, the time to get plans approved and permits has increased. That’s also not factoring in the cost of permits has increased due to how profitable it is for the city. The longer you delay the higher the cost will be to start, call us as soon as you can to see your options.”
