Updated over 2 years ago on . Most recent reply
Rick AlbertPoster
#2 House Hacking Contributor
#2 House Hacking Contributor
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- Los Angeles, CA
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Converting Garages into Accessory Dwelling Units
Rick AlbertPoster#2 House Hacking Contributor
#2 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
Has anyone done it before? Care to share experiences? Cost, rentability, etc.
Thinking of doing it to either a house or find MFU with garages (although it has been hard to find).
Thanks in advanced!
Most Popular Reply
If done right and the area supports that type of living accommodation (permitted and acceptance), it can work but most people will see it as a converted garage (hence the done right part) and rentability will be impacted.
We have looked at doing that on a few properties or building and ADU to boost cash flow but the numbers did not work so we passed and found something else. Since most garages (stand alone) do not have water, sewer or sufficient power, there is more to the project than just the remodeling.
See if there are any in the area you are looking at as that will tell you if it is something that makes sense to others or has been discounted by others before you.
We have looked at doing that on a few properties or building and ADU to boost cash flow but the numbers did not work so we passed and found something else. Since most garages (stand alone) do not have water, sewer or sufficient power, there is more to the project than just the remodeling.
See if there are any in the area you are looking at as that will tell you if it is something that makes sense to others or has been discounted by others before you.