A recent study by Florida State University found that the presence of a regular-sized garage increased a home’s value by 13% when compared to similar homes with no garage. We’ve gathered a few facts and factors to consider if you’re looking to build a garage.
An attached garage can be a significantly more difficult project to accomplish compared to a detached garage because of architectural considerations, including how the new space will blend in with the rest of the home.
A detached garage, on the other hand, can in most cases take on a look of its own and still complement the existing structure. Furthermore, per the FSU study, there was the same increase in home price whether the garage was attached or detached.
Adding a detached garage appeals to buyers because it adds functionality to the property by providing a place to park vehicles and store equipment.
As a property owner, you’re probably aware that the most common way to increase your home value is to add square footage. This is because the value of your property is determined by the market rate per square foot of the other homes in your area. While other factors also exist such as the age and condition of the property, the size of the property in most cases has the most direct impact on price. Adding a detached garage counts toward your home’s overall square footage.
If you already have an attached garage, you may be asking yourself, “Why would I add a detached garage?” The answer is, you can transform your existing garage into a more traditional living space. If your family has outgrown your current home, you could turn your current garage space into a functional bedroom by finishing it with insulation, drywall and carpet. In most cases, the garage is also an easy place to add a bathroom to a new bedroom, because in many homes, the plumbing is located within close proximity to the garage.
General Steel makes it easy to evaluate the impact of adding a detached garage building to your home. Our expert design team will help you determine what size garage will fit best on your property and what size building would best suit your needs. After you and our team agree on a design, you can ask a local real estate agent what type of impact adding the space would have on your overall property value.
Bring your project to life with our 3D Building Designer. Already know your size? Get a quick quote (3 easy steps) with our Price Your Building Online form. Prefer a person? Call us now for immediate assistance with your project.
