MDM Custom Remodeling Inc. is a family-run remodeling company in Los Angeles, now being headed by Mike Mizrachi, the project manager. Initiating the company with only home remodeling service, we have now crossed over many years in this business and now our service bucket is filled up with various similar types of necessary services including; kitchen remodeling, bathroom remodeling, room addition, 2nd story addition, interior decoration, 3D design etc.
Monday, 6 November 2023
CAN ADU REMODELING IN WEST LOS ANGELES CA ADD PROPERTY VALUE?
We have got this question from many
of our clients who live in West LA, California. Honestly, Accessory Dwelling
Units (ADUs) boost the value of your home more than any other home improvement
project. And if you are asking yourself, “Can I get a great amount from ADU
remodeling in West Los Angeles CA?” we are here with the answer for you!
How
Much Does ADU Remodeling Add Value to Your Home?
This answer is a little bit complicated! The value
of your home depends on the overall size of the ADU you are about to get. Also,
not every ADU can add equal value to your home.
We have listed three different ADU types here
according to the property value you can get. Such as:
Detached
ADU
You may also know this as Granny Flat, which remains
separate from the main home and offers the best value once the construction is
over. Of course, the reason is not hard to see! A detached ADU allows you extra
square footage with a liveable option that includes the overall property value
to determine how much it’s worth.
For instance, while adding a granny flat of 1,000 sq
ft for having a new livable space on your premises, the average cost may be
around $500 per square foot in West LA. So, a detached ADU boosts your property
value by $5,00,000.
Attached
ADU
Suppose you add an ADU in your backyard attached
to your existing home. This attached ADU is the second valuable type of
remodeling. As this building is adjacent to your main home, you can expect less
privacy than a detached ADU. On the other hand, the current size of your home
expands by 50% only by adding an attached ADU to the existing home. Hence, the
overall property value is less than the detached one for a less square footage
increase.
It’s best when you don’t have extra space on your
property to add a detached or attached ADU. You can convert the current unused
garage space into a livable space. Of course, it increases the property value
of your home, but that may be less than a detached and attached ADU for losing
the use of a garage for its actual purpose. Yet, it affects the property value
a little!
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