Get matched with top home and garage organizers in Norcross, GA

Most contractors aim for about a 20% profit on a job, leaving themselves room for unexpected expenses or delays. After accounting for materials, labor, and insurance, the profit margin for most contractors is between 10% and 20%. Fluctuating costs of materials and labor affect the ultimate percentage.

A garage extension makes sense if you need more room to work, store your belongings, or park another vehicle. It’s also a smart financial move. As far as the value a garage adds to a home, you can often recoup 75% to 85% of your investment into a garage extension.

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.   

Depending on your carport's configuration, foundation or slab condition, and location in relation to the house, turning a carport into a garage has a lot in common with adding an addition to your home. However, you can skip some of the necessities of adding living space to your home, such as fine flooring, trim work, or even drywall or HVAC. It might be possible to DIY the conversion, but it’s complicated and potentially dangerous work, so it’s best left to the professionals.