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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.   

An average two-car garage size is about 580 square feet. A common dimension for a two-car garage is 24-feet deep by 24-feet wide, as measured by the interior width. However, the manufacturing of larger vehicle sizes means many homeowners want to build bigger garages. It’s not uncommon for a two-car garage to be 30-feet by 30-feet.

You can’t add home addition costs to an existing mortgage, but you can include them in a new mortgage if you take out a rehab loan. Rehab loans—FHA-backed 203k loans and conventional rehab loans—are for more than the value of a property, and the excess is meant to cover the cost of a renovation or home addition.

Yes, with sustainable wood products and high-efficiency lighting options.

The Loudonville, OH homeowners’ guide to pole barn building services

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