You may not be planning to move anytime soon and want to improve your current home. You may be asking yourself if a garage makes sense from a financial standpoint. You already know that it will be incredibly helpful in regards to having a safe place to park your vehicle. You also know that a new garage will be a great place to store things such as your lawnmower, trash barrels and sports equipment to name a few. Your bottom line is that any home improvement type of work must add practicality and value. So, the question of the day is will a garage addition add value to your home?
The answer is yes. A garage addition will add value to your home. You may not be aware of this, but many single-family homebuyers won’t even look at properties that don’t have a garage. They know how important garages are and are not willing to live without one. If you do decide to sell your home at some point down the road, the garage will help you attract far more potential buyers. That can be worth its weight in gold. It can also help you sell your home for more money. The next question that you may be asking yourself at this point is should you build an attached garage or a detached garage?
The answer depends on several factors. For example, you may not have enough area on your land to build a freestanding detached garage. In essence, a detached garage is its own building and typically takes up more space. They also cost 10-15% more on average. This figure is based on the same size garage square footage wise. It’s also based on using the same type of materials. So, why is a free-standing detached garage more expensive than an attached garage that blends in with the footprint of the existing home?
It’s due to the fact that the attached garage utilizes some of the structural elements that are already in place. There are benefits to both types of garages. An attached garage is attached to your home. That means you’ll have access directly from the house. That can come in handy when it’s raining or snowing out since you don’t need to step outside when leaving or arriving home. However, an attached garage doesn’t provide you with as much privacy because it’s easy for everyone in the house to access the space. However, a freestanding detached garage is its own entity.
You may want to use it for band practice or to house your hobbies. Your family or roommates will need to make more of an effort to enter into it. In essence, they’ll need to actually go outside. You know that it costs more to build a free-standing detached garage, but which type will increase the value of your home more. That depends if there are more attached garages or detached garages in your neighborhood. You may want to consider going with the majority for maximum resale value.
For more information about how a garage addition will add value to your home, or to schedule an initial consultation in Connecticut or Massachusetts please contact us today at 860-341-6373. DBC Solutions takes great pride in providing the highest quality custom carpentry and contracting services in the home improvement industry. Our business model has been the same for 17 years. Doing things, the right way the first time every time is the only way to do it.