You can either pay for the conversion outright or you can use our $0-out of pocket financing. We really mean it when we say $0-out of pocket — We take care of everything from permitting fees & structual engineering work to construction overruns & unexpected issues.
With our financing there are no out-of-pocket closing fees & you'll make no payments until your unit is complete. That means you won't need to make a payment until you're ready to collect rent! Then It works like a typical morgage or home loan where you pay a fixed amount each month. Usually the rent you make is over double your payment!
No! The unit is yours, you can do whatever you want with it! We offer optional rental management to help our homeowners through the process. If you use our management we find the tenant, collect the rent, do the maintenance, & pay your bills!
By a lot! Based on data from April 2019, the average value premium for a garage-only conversion is $158,098, or 18.68% value premium over properties without ADUs (Accessory Dwelling Unit, or ADU for short).
For this research we surveyed 183 homes that were sold in Los Angeles after an ADU was built, and compared them to sales of similar homes without ADUs. The ADU premium is the average difference between the two. Most homes in our study sold within 3 months of the ADU’s occupancy approval.
We provide a couple options! Our most popular is to build an on-site storage solution next to the ADU. We can also arrange self-storage and help you get rid of things you no longer use.
Not unless you have a lot of money to spend!We advise against building above your garage unless the rent in your neighborhood is very high— building above the garage can double the costs of a conversion.
Yes! The minimum amount of space we need to convert into a studio or one bedroom ADU is around 300 square feet. This space can be rooms in your house that exceed 350 square feet.
No. New ADU laws do not require you to provide parking for the new unit.