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Yes, home additions almost always increase a home's value and can be a good investment by enhancing both its utility and square footage. The actual return depends on several factors, including the type of addition, quality of work, and local market conditions. Key additions like extra bedrooms, bathrooms, and larger kitchens tend to offer the highest returns. For example, adding a primary suite might result in a 63% return on investment, while a sunroom may yield around a 49% return. For the best results, additions should be well-planned to integrate seamlessly with the existing structure.

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.

Appraisals are not mandatory but are helpful for pricing accuracy and negotiation purposes.

A shed that connects to water or electrical services is likely to be assessed for property taxes; however, tax assessments vary around the country. Since every state and local municipality differ regarding property taxes, you should contact your city to determine whether or not you’re required to pay property taxes. Some states consider sheds or detached garages taxable if they have water, sewer, and electricity installed.