Garage Conversion ADU

[Eileen L.]

Hello, looking to learn from those that have done a garage conversion recently. I’m located in Southern California and curious to know what is the average cost to do this? Is this usually funded by a home equity loan or something different? I will be reaching out to my city to get more info on permit requirements and will work with a contractor, but wondering right now about funding such a big expense. I have about $150k of equity in one of my investment properties, so that’s the only thing I can think of. This would be a garage conversion on my primary residence. Any advice is appreciated, thank you!