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Cost Considerations
The cost of converting a garage into an ADU varies based on factors such as location, size, and the complexity of the project. On average, homeowners can expect to spend between $50,000 and $100,0002. This cost typically includes design, permits, construction, and finishing. However, it's important to note that the return on investment can be substantial, particularly in areas with high rental demand.
Financing options are available to help manage the costs. Home equity loans, personal loans, and specialized ADU financing programs can provide the necessary funds to kickstart your project. It's advisable to consult with a financial advisor to explore the best financing options for your situation.