Get matched with top home and garage organizers in Eatontown, NJ

It depends on a lot of factors, but generally speaking, added living space is more desirable to most buyers, which means an extra room will be more valuable than a traditional garage. The utility of the new space will determine how much ROI you’ll see. An additional bedroom will generally be more valuable than a living room or family room, and converting your garage to a bedroom with a bathroom will likely add the most value.

If you're handy and don’t mind dealing with your local permitting office, you may be able to convert your garage on your own. While working with a home remodeling company may cost more, the added expense is often worth it. A home remodeling contractor knows what they're doing and will be sure that your project follows the rules.

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.   

Homeowners can increase the usefulness of their garage space in other ways, and one option is to extend the length of the garage by making it deeper. The process is similar to traditional garage extensions, but the end product is a garage with a different layout rather than additional parking spaces.