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It’s better to build a garage than buy and install a prefabricated one. You can save money by purchasing a prefabricated metal garage kit for between $4,000 and $11,000. However, this does not include the price of labor and permits, which can account for more than half of the project cost. Building a new garage over buying a prefab garage will add more value to your home and will last longer, so it’s more cost-effective over time to build a new garage.

The most common garage door material is aluminum, but the best material for you depends on your budget and location. Wood is the most expensive to repair but tends to add the most curb appeal, while fiberglass or composite doors cost less to fix.

Aluminum won’t rust, so it’s a great option if you live somewhere humid or rainy. Steel doors are durable but are prone to rust. If you live somewhere with extreme temperatures, hot or cold, you might opt for fiberglass, which won’t split if the temperatures skyrocket or drop below freezing.

Having a garage can increase the value of your home considerably, even if the garage isn't considered living space. Many people own cars and want a secure place to park their vehicles when they are home. 

If you decide to finish your garage and convert it into living space, you may affect your home's value. The livable space may increase your home's square footage, which can help its value. But, giving up the garage space may also negatively affect the sale price of your home.

The decision on whether a garage or an extra room adds more value depends on several factors, including local market demand, location, and buyer preferences. Generally, added living space is more desirable to most buyers, and the utility of the new space determines its return on investment (ROI). Converting a garage into a livable area like a home office, guest room, or entertainment space can add significant value. An additional bedroom, especially one with a bathroom, will likely add the most value. However, adding a garage may be more valuable in areas with limited parking or harsh climates.