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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.

The average cost to install a new garage door is around $1,224, with most homeowners paying between $755 and $1,696. However, the total price can range from $250 to as high as $4,500 depending on several factors. Key cost drivers include the door's size, type, style, and material. For instance, wood or wood composite doors are typically more expensive than vinyl or aluminum options. Insulation also affects the price. Labor costs are often bundled into the total price, but if billed separately, can range from $200 to $500. Due to the complexity and danger, professional installation is recommended.

All garage doors, particularly newly installed models, add value to your home. Higher-quality and higher-priced doors increase the ROI, so a well-insulated custom garage door increases the value of your home more than a poorly-insulated stock model. Updating a garage door boasts the second-highest home improvement ROI, at nearly 95%.

This is a matter of personal preference. However, building a detached structure is generally considered better if you intend to rent out the new space. The advantage to going with an attached garage addition is that you may pay less for plumbing, HVAC, and other features because you can use the existing systems from your home to carry over piping and wires.