San Francisco, CA - Edri Construction’s ADU and Garage Renovation services are expanding space in San Fran one home at a time. Homeowners can turn unused space beneath their homes into bedrooms, bathrooms, rec areas, and more. Edri will also excavate the backyard to match the lower level for entry and exit points. These expansions and remodels can help North Californian homeowners expand their living area and increase the value of their homes.
Inflation and a Declining Housing Market
As of October 2022, the California Association of Realtors (CAR) outlook for the housing market was grim for sellers.
CAR President Otto Catrina was quoted in their official press release: “With the market shifting as home sales and prices are predicted to temper next year, buyers and sellers are adapting to the new realities of the market…As sellers adjust their expectations, well-priced homes are still selling quickly. And for buyers: more homes for sale, less competition, and fewer homes selling above asking price, all point to a more favorable market environment for those who were outbid or sat out during the past two years when the market was fiercely competitive.”
Inflation and the creeping recession aren’t helping matters. With the current housing crisis, many homeowners feel trapped. Moving could mean taking a loss on the house, or it could mean being unable to find a larger space before another bidder snaps it up.
Edri Construction’s garage remodeling and ADU expansions serve two major purposes for Californians: more space and more value.
Finding the Space
Many homes in California are multi-level but do not use their entire available space. Homes with sunken garages that let out onto the street yet have a backyard uphill so that it’s level with the living area are good examples. How Edri Construction works is by first looking at the property. If it is multilevel, they start by lowering the backyard and excavating the additional space under the home. This space becomes an Accessory Dwelling Unit (ADU) and includes an entrance to the backyard and access to the upstairs. Even better, homeowners don’t lose their garages.
ADUs have grown in popularity, though some call them by other names: granny flats, secondary units, in-law units, etc. Homeowners can choose to use this space for their own family expansion or to rent out. However ADUs are used, they are being hailed as an effective, innovative solution for adding housing in California amidst the current housing crisis.
How Remodeling Increases the Equity and Value of Homes
The US hit a record high with home equity in 2022 — $28 trillion. Equity is a resource rarely tapped into, and it could help homeowners should the threatened recession become a reality. Home equity is the current market value of a home minus any liens like a mortgage. This equity can be used for different financial aids, such as home equity loans, home equity lines of credit, fixed-rate home equity lines of credit, and cash-out refinances.
By increasing the square footage of homes in San Francisco and the surrounding areas, Edri Construction is also increasing their value and, thus, their equity.
Regardless of the interest in borrowing on equity, homeowners will also find their homes sell for more. The more space a property can offer, the higher a price the owner can ask when selling.
About Edri Construction
Edri Construction is a fully licensed and insured construction company and general contractor offering a full range of building, design, and remodeling services. The team has over two decades of experience and prides themselves on working with integrity. Edri works with both personal and commercial spaces.
Owner Avi Edri has stated that a key component in Edri Construction’s success is its team’s honest, straightforward business practices. “For example, once we give a price to a customer, we focus on completing their job at that price instead of gradually raising it as the process goes along. We keep our promises and make sure our clients get exactly what they want, and they really appreciate that.” He adds, “We want to make our clients’ remodeling dreams come true, and by utilizing the latest construction technology and incorporating cutting-edge building and design techniques in everything we do, we’re able to help them achieve their goals. Ultimately, their long-term satisfaction is our top priority.”
Edri Construction is diamond certified. They can be found on Thumbtack, Facebook, Instagram, and YouTube. Northern California homeowners interested in learning more are encouraged to reach out through Edri’s online form or by calling (415) 949-6300.
Video Link: https://www.youtube.com/embed/VC69S-SZ4lg
Company Name: Edri Construction
Contact Person: Avi Edri
Email: Send Email
Phone: (415) 949-6300
Address:701 Cortland Ave
City: San Francisco
Country: United States