A large percentage of homeowners are constantly on the lookout for methods to raise their home's worth, and these efforts often take the form of a renovation or a liveable expansion. They don't realise that a lack of a garage can significantly lower the marketability of a home and discourage potential buyers from considering it.
The extra room they offer can have a profound effect on people's daily life, as it can be used for a variety of uses ranging from storage to the development of habitable additions. Here are a few ways that sprucing up your garage can boost your home's resale price.
Most of us use our garages for more than just stowing vehicles. It is where we keep our "stuff," such as motorcycles, garden tools, and unwanted home items that we might use someday. These days, many garages are equipped with custom steel cupboards, wall mounts, and overhead storage racks to make the most of the available space.
Here's How Your Garage Can Boost Your Home's Value
Adding A Garage Brings A High Roi
Don't suppose you already have a garage of your own? Then, if you have the space for it, buying one would be a good idea. Buying a garage could result in a substantial rate of return. Some experts in the field have speculated that the ROI could reach 65-75%. This is fantastic news, especially for long-term homeowners who won't be selling their houses anytime soon and can reap the benefits of a garage on their own. Although this upgrade could be somewhat pricey, it is still something to think about. Many residences were appraised at values that were between $7000 and 14000 lower because they lacked a garage.
Create More Closets
There are several ways to improve the market value of your property through garage remodelling. The first is to build storage areas to maximise the available space. Your garage will look cleaner and more functional as a result of these compartments. Mount wall racks, hooks, and pegboards to the walls to better store and organise tools, equipment, and supplies like shovels and bikes. A folding workbench and drawers provide convenient storage for tools and other supplies at a workplace. By removing items from the floor, we can make greater use of the available area and ensure that the area is free of hazards.
You Should Repurpose That Room
Do you not own a car, or do you not have a lot of stuff that needs to be stored in a garage? Why not make use of and perhaps even live in your garage? While it's true that adding a new room might increase useful square footage, many people still prefer to keep their garages as is. However, good space reuse necessitates meticulous preparation and execution.
Make sure there is adequate insulation and a waterproof covering in the garage. Before you can put the space to use, you'll need to have professionals install plumbing and electrical wiring. Check with the local municipality to see if you need to secure planning permission. Garages can be used for a wide variety of purposes, the list of which seems endless. For instance, you could create a hangout area with room for couches and a television by designing a laundry room that isolates the washer and dryer from the main part of the house.
Turn The Lamps On In Here
It's not necessary to have a boring, uninspiring garage. Installing high-quality lighting and painting the walls a light colour can greatly improve the atmosphere here. Lighting can be installed on the garage's ceiling or even in the four corners to set the ambience. Work is much more pleasant in this brighter setting. However, if you need to rewire something, it's best to see a professional.
To Garage Door Improvements
You can't consider your garage finished until you find a door that not only works well for your needs but also enhances the aesthetic value of your home. Both the appearance and functionality of your garage door should be top-notch. A well-designed and perfectly functional garage door is a great way to attract attention and make a good first impression on potential buyers before they even set foot inside the house.
Does A Garage Increase Home Value?
Buyers in Melbourne's CBD are willing to pay a premium for parking, despite the area's convenient public transportation options. Experts believe that the price of parking spaces in Sydney's eastern suburbs, where some were recently sold for over $250,000, will continue to grow in the years to come. Parking space valuation is best left to professional real estate appraisers. Residents of the inner city, who are near to services and have access to reliable public transit, are said to find it humorous that parking is so much more expensive there.
Apartment buildings are being built with fewer parking spots because of this theory. While this may be true in theory, in practise the vast majority of Australians have access to their own vehicle. Having a parking spot is far less valuable in the farther out suburbs since blocks are much larger and there is plenty of street parking. To determine the relative worth of an en suite bathroom and a double garage vs a single garage, a group of would-be real estate developers surveyed a number of real estate agents.
Maintaining two-car garages with secure doors was prioritised above adding extra bathrooms. Brokers often stressed the significance of having adequate storage for both owner-occupants and renters. It was also anticipated that customers who were downsizing or who had young families would appreciate having direct access from the garage to the house. Since safety was also brought up, it's worth thinking about whether or not a remote garage door opener would be useful.
Why Convert Your Garage?
You can easily and cheaply add square footage to your home (and even boost its value) by transforming your garage into a habitable room. A simple and inexpensive way to potentially enhance the size of your home and its market worth is to transform your garage into liveable space.
It is possible to get extra living space of about 150 square feet by transforming a single garage. Both will enhance your life on a daily basis and provide substantial long-term capital growth as the value of your conversion increases in tandem with the value of your house. On the other hand, a double garage can add about 300 square feet to a home. If the garage is attached to the house, you probably won't need to apply for any special permits for the renovation. In addition, converting your garage can typically increase your home's value by as much as 10%.
Let's say for the moment you leave your automobile in the driveway or on the street. If this is the case, you can put your garage to better use by putting the junk like broken exercise equipment, empty boxes, and other household debris that has been collecting there. Each of these alternatives is more useful than simply using the area as a storage shed.
Changing Your Garage Into A Living Space
One of the most typical motivations for turning a garage into liveable space is to gain extra bedroom space. The expense of nursing home care continues to rise, so it may be worthwhile to explore providing elderly parents with in-home care instead. This will allow them to preserve their independence while saving money. The reduction in care facility fees due to the conversion would be swiftly recouped by the savings. Conversely, many young professionals are opting to stay at home with their families. They are, however, setting aside funds for a future down payment on their first home. A great approach to give kids more privacy is to turn your garage into a living space.
If you don't have enough bedrooms for visitors, converting your garage into living space is a simple alternative. Incorporating an en suite bathroom or a wet room into any of these uses is a good idea because it will make the lives of the people living there simpler, but it will reduce the amount of space that is really available. However, if you build a new front door or other means of independent entrance into the converted space, you will very probably be required to pay a higher rate of council tax.
Changing Your Garage Into A Room
If you already have enough bedrooms, you can convert your garage into an extra living space that you can use as a lounge, a yoga studio, or a study if you need some peace and quiet to get some work done. With so much media in everyone's homes, it can be helpful to have a designated area where family members can go to escape the noise and relax in private. Due to the high cost of relocating, many young families are turning their garages into playrooms in order to provide their children with a more stimulating environment in which to complete their homework and enjoy themselves.
With a brand-new playroom, your kids will have their very own room where they can decorate it anyway they like, and the rest of the house will be free of toys and games. Considering the importance of storage in this setting, it is recommended to carefully arrange the layout of the space and look into creative ways to avoid cluttering the ground.
Making Your Garage Work For You As An Extra Office
The rise of the information age has undeniably ushered in a new era of adaptable scheduling. As more and more professionals choose to work from home, transforming a garage into a workspace can help them centralise their operations.
When working from home, it's easy to procrastinate by doing your tasks on the couch or the dinner table. Blending business and personal life, though, can put strain on relationships at home. Having a private office space allows workers to more easily shut the door and "go home" at the end of the workday, which is likely to boost productivity and reduce burnout. Many independent professionals have garages converted into offices in order to avoid having to conduct client meetings and video conferences while slumped over the kitchen table. This affords them the chance to conduct business in a location more suitable for that purpose.
Craft Rooms, Cinemas, Gymnasiums, And More
On the glitzier side, a single-car garage is the ideal size and shape for a home theatre. However, soundproofing is highly advised to prevent the noise from travelling to other parts of the home. With today's faster WiFi and ingenious cable-hiding solutions, it's possible to create a home theatre experience that rivals that of a commercial theatre.
Converting your garage into a home gym is a feasible alternative to building up the urge to go outdoors and exercise if you find it tough to encourage yourself to leave the house. In point of fact, there is an adequate place for a shower room, a choice of exercise machines, and a training area. If you need a quiet area to get your hands dirty, turning your garage into a workshop could be the answer. This is especially the case if the garage's primary entrance is replaced with a huge window that admits a great deal of natural light.
Whether you wish to paint, sew, or design greeting cards, you will always have space to work and a place to store your tools in a quiet, relaxing environment ideal for creative ideas. If your requirements are more realistic, you can turn your garage into a utility room and instal a washing machine and dryer in the kitchen. You'll be able to maximise the living area that you have.
Making some order in your garage and making it an odor-free storage area can also help alleviate some of the pressure that has been building up elsewhere in your home. And because it's easy to lose track of vital documents amidst all the chaos, having a designated storage space might help lessen the time you spend fruitlessly rummaging through disorganised stacks of paper.
Since it only necessitates a small financial input on your part, transforming your garage into liveable space is a fantastic way to put money back into your family and your home. Since converting a garage is often deemed allowed development, the process is usually straightforward and can be completed quickly without the need for obtaining a building permit.
We anticipate that the improvements to the family's quality of life and the property's worth will more than cover the costs of the renovations over the course of a few years. As with any construction endeavour, we're here to help with the technical details of the building you're working on. The key to a successful garage conversion is a thorough understanding of the motivations behind the project, as well as the technical and layout specifications that must be satisfied.
External walls, foundations, insulation, and damp proofing are all crucial parts of the conversion that need careful attention. This is the initial step in our concept and feasibility study before we go on to plans, drawings, and budgets. We won't begin working until we've established a thorough brief and discussed the full cost with the client.
The Price Of A Garage Makeover, Including Labor And Materials
In terms of cost and efficiency, transforming your garage into a habitable place can't be beat. A regular single garage will add about 15 square metres to your living area. If your garage is currently being used mainly for storage, converting it can be a more cost-effective option than converting your loft or building an addition. In particular, this is true if you have been utilising the garage for a longer time frame. The final price will depend on factors such as your location, the specifics of your current garage, and the size of the new space you want to build.
Costs will increase if you want amenities like a kitchen or bathroom, but that is all up to you. Considering the alternative, which may cost over $15,000 for an addition measuring 3 by 4 metres, turning a garage into liveable space becomes an enticing option. In most cases, converting a garage is considered allowed development, which means that no special permits are needed.
Inquire with the relevant government agency first. Whether or not you have received planning approval, you must still notify your regional authority in order to comply with structure regulations. The lack of needing to dig up the ground and create new foundations and walls is a major perk of repurposing an already-existing structure like your garage. Obviously, this is predicated on the fact that the current garage is dry and free of structural flaws.
To replace the garage door with a weatherproof option will be the most major structural work. The good news is that even this shouldn't be too complicated to grasp. You should first make sure it looks good from the outside and complements the garage's structure. Moreover, you should give some thought to putting in a door that connects the garage to the house. Even if a door already exists, it's important to think about whether or not it's in the best possible position to facilitate smooth operation of the new layout.
To make your garage feel more like a room and less like a box, you should add windows and possibly an exterior door. Though the number and size will be dictated by your garage's dimensions and the surrounding scenery, you should still set up $600 for the project. It is likely that you will need to insulate the floor and install a moisture proof membrane to meet building regulations.
A home's desirability and interest from potential purchasers are both negatively affected by the absence of a garage. Garage renovations can have a significant impact on the resale value of a home. In some cases, the return on investment from purchasing a garage can be quite high. There are an almost infinite number of ways in which a garage can be put to good use. Reusing space effectively requires cautious planning and execution.
Potential buyers can get a sense of the quality of the home's architecture and maintenance even before they step foot inside through the garage door. Upkeep of two-car garages with locked doors was prioritised over construction of additional washrooms. In the further-flung suburbs, a parking spot is far less of a commodity. In most cases, a permit is not required to remodel an attached garage. Converting your garage into liveable space is a simple solution if you don't have enough spare bedrooms for guests.
More and more modern households are converting their garages into fun and functional rooms for their kids to hang out in while their parents take care of household chores and other responsibilities. More and more people in professional fields are opting to do their jobs from home, and many have found that turning their garages into offices is a great way to keep their various projects and tasks organised. The best home theatres are those that are the size and form of a standard one-car garage. Converting it into a workshop could provide the peace and quiet needed to get your hands dirty. Rather than converting your loft or constructing an addition, if your garage is currently being used primarily for storage, you may want to consider converting it.
Releasing some of the pressure that has been building up in your life can be as simple as putting some order in your garage and making it an odor-free storage location. As a general rule, no additional approvals or permits are required to convert a garage into liveable space. Adding conveniences like a kitchen or bathroom will come at an additional cost, but these additions are completely optional. A moisture-proof barrier and underfloor insulation are both recommended.
- They don't understand that a home's lack of a garage might drastically reduce its appeal to potential purchasers.
- To make the most of their square footage, many modern garages feature built-to-order steel cabinets, wall mounts, and overhead storage racks.
- Then, it's a good idea to get one if you have room for it.
- Garage renovations can have a significant impact on the resale value of a home.
- One option is to construct storage rooms to make the most of the available area.
- However, effective space reuse requires careful planning and implementation.
- Take care to insulate the garage and provide a watertight roof.
- Professional plumbing and electrical wiring installation is required before the room may be used.
- The vibe here may be substantially enhanced by installing high-quality lighting and painting the walls a bright colour.
- Light fixtures can be hung from the ceiling or placed in each of the garage's four corners to create the desired ambience.
- The garage isn't complete unless you instal a door that serves your purposes and adds to the kerb appeal of your house.
- Your garage door's form and function should both be of the highest calibre.
- Due to this theory, developers are incorporating fewer parking spaces into apartment complexes.
- Even if this is true in principle, in practise the vast majority of Australians have their own car.
- In the more flung suburbs, where blocks are significantly larger and street parking is abundant, parking spaces are much less expensive.
- Adding living space to your home (and increasing its worth) is as simple as converting your garage into a bedroom.
- Converting your garage into liveable space is a simple and inexpensive approach to potentially increase the size of your home and the market value.
- Adding a single garage can provide an additional 150 square feet of usable space in a home.
- However, a double garage might increase a house's usable space by that same amount.
- In addition, a 10% rise in property value is not uncommon after a garage conversion.
- For the sake of argument, let's say you park your car in the street or driveway.
- All of these options are better than using the space as a closet.
- Extra bedrooms are a common incentive for converting a garage into a living space.
- Given the rising cost of nursing home care, looking into in-home care options for ageing parents may be useful.
- Converting your garage into a bedroom is a terrific way to give your children extra space to themselves.
- Converting your garage into liveable space is a simple solution if you don't have enough spare bedrooms for guests.
- If you don't need more sleeping quarters, but could use some extra living space, consider transforming your garage into a lounge, yoga studio, or study.
- A brand-new playroom will provide your children their own own space, where they can design it as they see fit, while freeing up the rest of your home from their toys and games.
- Garage conversions are becoming increasingly common as professionals opt to do business from home.
- It's tempting to postpone when working from home by conducting your responsibilities in less than ideal locations, such as the living room sofa or the kitchen table.
- Employees are more likely to be productive and less likely to experience burnout if they have a private office where they can close the door and "go home" at the end of the day.
- To go a little more flashy, a home theatre is the perfect size and shape for a single-car garage.
- If you have trouble getting yourself to leave the house for physical activity, you may want to consider transforming your garage into a home gym.
- Converting your garage into a work space gives you the peace and quiet you need to get your hands dirty.
- If you're willing to adjust your expectations, you can convert your garage into a laundry room and put your washer and dryer in the kitchen.
- Creating an odor-free storage space and establishing some order in your garage might help release some of the tension that has been building up elsewhere in your home.
- Converting your garage into liveable space is a great way to reinvest in your family and your house, and it requires just a minimal financial outlay on your part.
- Getting a permit to convert a garage isn't always necessary because doing so is often considered approved development.
- We are available to assist you with the technical aspects of the structure you are erecting, as is the case with any construction project.
- Understanding the reasons for the conversion, as well as the technical and layout requirements, is essential for a successful garage makeover.
- The average single garage adds roughly 15 square metres to a home.
- Rather than converting your loft or constructing an addition, if your garage is currently being used primarily for storage, you may want to consider converting it.
- The final cost will be determined by a number of variables, including where you live, the specifications of your existing garage, and the intended square footage of the new addition.
- Adding conveniences like a kitchen or bathroom will come at an additional cost, but these additions are completely optional.
- Converting a garage into liveable space is appealing when compared to the alternative, which may cost more than $15,000 for a 3-by-4-meter expansion.
- This, of course, assumes that the existing garage is completely dry and sound structurally.
- The most significant structural repair will be replacing the garage door with a weather-resistant one.
- First, you need to ensure that the garage addition's exterior design is aesthetically pleasing and harmonious with the existing garage.
- In addition, you should think about installing a door that leads from the garage into the house.
Frequently Asked Questions About Garage Renovation
In fact, according to HomeAdvisor data, the average cost of converting the garage into a finished room costs an average of $11,986, with an 80% return on investment. So, not only does a finished garage provide more living space options, but it also provides substantial growth in home value.
In practically any case, building a garage can and will increase the resale value of your home. According to Pocket Sense, the average attached garage will cost around $27,000 to build. Most homeowners see about an 81% return on their investment or an increase in the resale value of $21,000.
Garages and parking spaces are in higher demand than ever before, so having – or adding – one attached to your property can significantly increase its value should you choose to sell. Recent research found a garage can add as much as five per cent to the price of a typical home.
Having a garage will nearly always help you sell more quickly and likely at a higher value than a home without one. The bottom line, buying a home with a garage won't hurt your investment plans (unless it's a mess and falling!) and will likely help you sell with a higher future value.
A two-car garage of about 600 square feet might cost about $24,000 to $42,000, while a three-car garage of about 900 square feet climbs to about $36,000 to $63,000. That's just for the basic space: no workshop, living space, or plumbing.