How Garages Can Improve Home Value
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.
Why Steel Garages Can Add Value to Home
Adding a detached garage appeals to buyers because it adds functionality to the property by providing a place to park vehicles and store equipment.
More Square Footage
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.
Transforming Existing Garage Space
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.
Garages for Sale
Evaluate Adding a Garage to Your Property
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.