Get matched with top home and garage organizers in King Cove, AK

Having a garage installed certainly adds to the value of your home. The consideration is not whether it adds value, but for many, they want to know if adding a garage yields a return on their investment or ROI. While garages can add anywhere from 5% to 20% of the total value of your property, that doesn’t mean that they return 5% to 20% of the money invested in building them. Most homeowners build garages for a purpose but know that you can recover your investment when you sell or refinance.   

The least expensive way to convert a garage to a living space is to perform as much of the work yourself as possible, using materials you can acquire at discount prices, and avoiding making structural changes to the building. While you can’t control what type of garage already exists on your property, converting a detached garage to living space will cost 20% to 30% more, so going with an attached garage conversion will save quite a bit.

Converting a garage into a living space may be worth it, provided you follow all local codes and get the necessary permits. The conversion may increase the value of your home in the long run. In the short term, it will give you valuable space and help you enjoy your home even more.

Due to space restrictions, some homeowners choose to build an above-garage extension. This second-floor area can be used for storage or living space, but it’s more involved than your standard garage extension project. For example, you might need to pay for foundational or structural reinforcement if your current garage can’t handle the extra load. Expect to pay $25,000 to $100,000 to add a room above the garage.