Monday, 18 June 2018
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This Old House - Do-it-Yourself

Home Appraisal: Knowing the Value of Your Garage

Written by Posted On Tuesday, 12 June 2018 21:39

There are many different ways to increase the value of your property, and that includes building a garage. All of the features and upgrades that are implemented in the design of your garage could potentially add an incredible amount of value to your home. Here is a closer look at what variables are taken into consideration when determining the overall value of a garage.

Total Size Added

Every project is slightly different, but most homeowners should plan on spending around $40 per square foot when building a garage. That estimate doesn’t include contractor fees, permits, or labor. A larger garage will add more value to your property, but only to a certain extent. Huge garages that can fit three or more vehicles usually won’t add very much value to smaller homes and condos.

Garage Height and Storage Space

One of the reasons why building a garage is such a great investment is because it adds storage space to your home. Those who are designing a garage should try to make sure that there is at least some storage space for yard supplies, tools, and other items that won’t be damaged by temperature fluctuations. Building a taller garage with storage space above the vehicles is a great option if you don’t have a large piece of property.

Insulation and Other Upgrades

Just like every other home improvement project, you should consider unique upgrades when building a garage. In addition to great insulation, you might also want to add options such as recessed lights, ceiling fans, windows, and a sink. Even if you aren’t going to use your garage for anything other than storage, a future buyer may want to convert it into a workshop.

Garage Door Type and Style

The garage door is another variable that you will need to think about. A company like Plano Overhead Garage Door can help you find a door that is quiet, secure, and efficient. The door will also need to match the rest of your home so that the garage doesn’t stand out. Homeowners who have a little extra money to invest in this project should consider adding a “smart” garage door that can be remotely opened and locked with a smartphone.

Most people focus on the living space of the house when promoting it for sale, but don’t forget to deck out the garage. It’s a utile space that homebuyers will look at and eventually spend time in when they live in the house. If you have recently decided to build a garage, then you must make sure that your contractor follows all city, county, and state regulations. Failing to follow those regulations could result in expensive fines and fees.

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