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Building your own garage can save up to 70% of the project cost, or $10,500 on average. However, we don’t advise a total DIY because it can be incredibly dangerous. You can save money by helping out with some aspects, like installing siding or building interior shelving, but you should at least leave planning, foundation work, framing, roofing, and any electrical or plumbing work to professionals.

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.

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.

In addition to overseeing new home builds, construction managers work on large renovations and major remodels. For example, they may work with designers and oversee the construction of a finished basement, kitchen renovation, or a home addition. They may also oversee large-scale remodels, such as the update of a historic home. Construction managers step into small projects for more specific assistance, such as building budgets and compiling the team.