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Whether a garage or an extra room adds more value depends on several factors, including local market demand, location, and typical buyer preferences. Generally, added living space is highly desirable to most buyers, which can make an extra room more valuable than a traditional garage. The return on investment (ROI) often depends on the utility of the new space; for example, an additional bedroom is typically more valuable than a new living room, and converting a garage into a bedroom with an en-suite bathroom will likely add the most value. A well-designed extra room can also serve specific needs, such as a home office, guest room, or entertainment space. However, adding a garage may be more valuable in areas with limited street parking or harsh climates where protecting a vehicle is a priority.

Garages are often equipped with lighting, electrical boxes, and sometimes even heating and cooling, while carports rarely have utilities. A garage is an enclosed structure that can lock and usually has an automatic door. A carport is often wood or plastic and is designed only to protect a car from elements like rain, snow, and hail. Carports are commonly seen on property where an attached garage is unfeasible but can be a cost-effective solution for car protection for anyone without a completed garage. 

We recommend hiring a garage door professional to install a garage door opener for you. Garage door openers aren’t terribly complex, but setting them up properly, setting the lift and drop speed, and installing sensors that work correctly can take a few hours for a DIYer. The cost to install a garage door opener is around $400, and it will save you a lot of time and frustration. Garage professionals have the skills and equipment necessary to work with potentially dangerous garage door components, like springs.

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.