Garage Apartment Conversion Pros and ConsLet’s begin with the pros and cons of a garage apartment conversion. It does provide more living space and it can generate additional income. What’s more, it doesn’t require a whole new mortgage, like purchasing rental property (if paid with cash or mostly with cash). Now, those are good things. Not to mention, it will increase the livable square footage, which helps to boost property value.
If you’re looking for a way to enlarge your home without shelling out for a full-scale addition, converting your garage into living space typically adds about 600 square feet (assuming it’s a two-car garage). The good news is that you’ll spend less than if you build an addition. Because a garage already has a foundation, walls, and a roof, using the existing structure typically costs around half of what you’d spend for an all-new addition. —House Logic.comHowever, when you do a garage apartment conversion, you lose the garage storage and parking space. Also, you just might be in danger of overbuilding for the neighborhood. Plus, if you can’t cash flow the renovation, that means taking on another debt obligation. Then, there’s the matter of resale. If you plan to sell in the future, understand buyers will see it as a positive or a negative.
Garage Apartment Conversion Guide for Stockton and BeyondNow, we’ll look at the basics of a garage apartment conversion. It’s a really big job, so it’s best to turn it over to a licensed, experienced professional. You’ll need to first learn if you need building permits and obtain them, if necessary. Now, here’s an overview of how to do a garage apartment conversion:
- Obtain the necessary permits. Because you’re going to be either adding or modifying plumbing and electrical wiring, you’ll need building permits. Go to the city and/or county to learn about which permits are necessary.
- Remove the garage door. You’ll either have to remove or cover-up the garage door. It’s best to outright remove it and then fill in the space to accommodate another front entry door. Additionally, you’ll need to install new windows to provide natural life.
- Level and finish the floor. This will probably be a necessity since garage floors are usually sloped for drainage. Once finished, you can then install carpet, tile, engineered hardwood, or another subfloor covering.
- Expand the plumbing and electric. In addition, you’ll need to install more electrical outlets, lighting, a ceiling fan, as well as built-in bathroom and kitchen spaces.
- Insulate and drywall to finish the build-out. Last, you’ll need to insulate the space and drywall it to really transform it. Thereafter, you can furnish it to complete the transformation.