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A carriage house combines garage or storage space with living space, usually in two stories, while a garage generally does not offer any living space. Carriage houses are built with plumbing, insulation, and heating and cooling systems, which are usually features not found in traditional garages. Building codes and insurance requirements greatly differ between the two types of structures, and may make it difficult to convert a garage to a carriage house.

Garage doors are heavy and close under power, so ensuring they're safe should be one of the priorities of a homeowner. Installing at least one sensor is a good start, but it doesn't hurt to have two, especially considering you can install a secondary system for less than $100. Remember that sensors require calibration and simple but regular maintenance checks— installing them is only the first step.

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.

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.