Will Adding a Detached Garage Increase My Homes’ Value?
A detached garage adds a great deal of functional space to your home. It can get you one of the highest returns of any home renovation, other than upgrading countertops and kitchen appliances that can yield close to 100% ROI. The exact value you can add by building a garage depends on your neighborhood. If most houses nearby have a garage and yours doesn’t, the project can have significant impacts. Cost of Building a Detached Garage According to HomeAdvisor, the national average to build a garage is $27,790 and a detached unit can cost 10% to 15% more than an attached garage. On average, it can increase resale value by $21,000. This yields a return on investment of 81%, according to numbers by Pocket Sense.2 Detached Garages Allow for Customization Customization provides other opportunities to add value. Adding insulated panels can minimize heat transfer, making the garage space more comfortable, and reduce temperature differences that can lead to condensation. Depending on how you plan to use the garage, you might want to add a heating and air conditioning system as well. Insulation and being separate from the main house also provide noise control, so you can use power tools or even start a garage band without disturbing occupants at home. Your renovation project can provide perks a prospective buyer may be looking for. It also increases the overall square footage of your home, which boosts property value. A new construction that requires little maintenance, and flexibility, such that allows the garage to be converted into a workshop, family room, or office, are attractive aspects as well. How Do I Maximize the Return? Not every detached garage will yield the highest possible ROI. To maximize the return, consider where your home is located. You’ll need a good heating system if the winters are typically harsh. For a home in the south, where the summers are hot, a high-efficiency air conditioning system is a must. Make sure the garage has a fresh coat of paint, while incorporating landscaping and matching the design of your home are ways to boost value. Also make sure the storage layout is simple and practical. Functionality is of course a major factor in adding property value. A two- or three-car garage will likely attract more buyers than a smaller one. Larger garages can fit more cars or allow a homeowner to park a car and customize the remaining space in other ways. Factors that Can Cost You Money There can be a lot of negative factors when building a structure that’s not part of your property’s original plan. Detached garages can be easier to construct with prefabricated metal kits. However, the project could cost you in the long run if the building is too big. While it’s easy to customize a prefabricated building, the wrong design or layout can ruin the aesthetic, and an additional structure can create more maintenance for the homeowner. In that case, future buyers may be turned off by high-maintenance building materials. Choosing steel is one way to mitigate this risk, as it is durable and reliable. Order Your Garage Door from Precision At Precision Door Service of Las Vegas, we supply and install garage doors from leading brands, including all types and sizes. We specialize in garage door openers as well as parts and accessories. If you’re thinking about building a detached garage on your property, contact us for information and assistance.
The Secret to Converting Your Garage into More Living Space
The garage is typically the best place to look for extra space in a crowded home. According to HomeAdvisor, the average cost to convert a garage in 2021 ranged from $5,957 to $22,892. Converting a garage can be complicated and trading a usable space for more living quarters comes with risks. A garage conversion can be a lot of work, but here are some secrets to navigating this potentially costly, time-consuming project. A Garage Can Become Any Type of Room If you obey local requirements, you can turn your garage into any type of living space. It can be turned into a new bedroom, a studio apartment, playroom, family room, office, or art studio. You’re typically only limited by your budget, and perhaps zoning restrictions depending on your locality (to be covered later). Finishing a Garage Can Add Value to Your Home Converting a garage can add value to your home, depending on the extent of the work. The increase in home value can recoup up to approximately 80% of the cost of the project. However, a garage remodel can also reduce home value, especially if your neighborhood has limited street parking, the project severely limits storage space, or is illegal. What to Consider Before Converting You Garage Numerous factors can help determine if converting your garage is practical or even legal. Here are several of them: Legal Issues: Your municipality may have technical and legal standards that differ between garages housing vehicles or storage and being living space. Requirements may include provisions to replace parking stalls and turning it into a habitable, conditioned space. Permits: Building codes may require permits for building or moving walls, adding windows, and installing new sewer, water supply, and drainage lines as well as modifying your electrical system. Insulation: Garage walls and ceilings are typically not insulated, meaning conditioned air will be lost and comfort is determined by outside temperatures. If there’s no insulation, drywall must be removed before insulating materials are added. Heating: You may extend existing ductwork, install fan-driven wall heaters, or electric baseboard heating to maintain an indoor temperature of at least 70°F. Raising the Ceiling: Garage renovations often include raising floors, making it difficult to achieve the minimum 7½ feet of ceiling height. Floor Coverings: A bare garage floor is generally not suited for a living space. Homeowners often raise the floor with engineered wood, laminate, tile, or luxury vinyl planks. Electrical Outlets: Wall outlets must meet the most current spacing standards, so you don’t have to reach any chords more than 6 feet from an outlet. Add or change outlets as needed. Non Load-Bearing Walls: Furnaces, water heaters, and laundry areas should be hidden by non load-bearing walls for both aesthetics and safety. Garage Remodeling Alternatives Garage conversion isn’t always the most feasible way to add living space. If there are parking or zoning restrictions, you could go with a basement remodel, which is more affordable, but can eliminate even more storage space; or an attic conversion in which you have existing space with typically more ceiling height. Install a New or Insulated Garage Door People considering a garage conversion don’t often think first about their garage door. Older doors are typically not suited for supporting the conditioned environment of a living area. Your options include installing a new garage door or a well insulated garage door. Contact Precision Door Service of Las Vegas We carry all types and brands of garage doors, specializing in installation, repair, and replacement. No matter what type of project you have in mind, our technicians will help meet your goals. Call 702-637-2700 for more information.