Can A New Garage Boost Your Home’s Resale Value?
Looking for ways to increase your home’s resale value? Have you thought about adding a new garage?
While the cost to build a new garage might prove more expensive than less extensive home upgrades you could opt for, the return on your investment is definitely worth it. How much can a new garage boost your home’s value? Our Sussel Garage team delves into the details below.
Creating a Multi-Functional, Usable Space
Did you know a garage can add the equivalent monetary value to your home as an additional bedroom inside the house? However, the caveat here is that the garage must be fully finished to add that kind of value.
A finished, polished garage is highly attractive to prospective buyers because the space has the potential for a variety of uses, depending on its design. What should a finished garage include to command a higher asking price? Basic features include:
A finished floor in a garage provides more space to create a recreation and entertainment area.
Usable Storage Spaces
Properties nowadays always need more storage space. Adding more storage to your new garage keeps a home more organized, thus boosting its attractiveness to a potential buyer!
Finished Insulation, Drywall, & Wall coverings
A well-insulated and finished garage is not only a comfortable space to work or entertain guests, but it also provides a controlled climate to store sensitive or fragile possessions!
Finished lighting fixtures
Complete lighting fixtures help set a comfortable mood while also properly illuminating a workspace, making a safer environment for all of your projects.
Even if you’re not planning to sell your home soon, try to plan your garage so that it’s functional for your needs and future users. Consider designating space for tools and DIY projects and installing space-saving storage solutions.
You may even consider including entertainment for added usability and appeal, such as a stereo system or television setup. The key here is to create a versatile space that appeals to a variety of prospective buyers. Get creative! Your custom garage plan can include anything you can envision, and the more usable the space, the more attractive it is to prospective buyers.
Garage Features That Boost Resale Value
What if you already have a garage? Can upgrading your existing structure improve your home’s resale value? In a word, absolutely! A straightforward upgrade that can significantly increase your home’s value is increasing the space's energy efficiency.
Energy-efficient windows and an insulated garage door can dramatically improve temperature regulation within the space, which decreases annual energy costs. Too, if you have an attached garage, improving its energy efficiency simultaneously enhances the energy efficiency of your entire home.
Since temperature regulation within your garage also affects temperature regulation in adjoining household living spaces, upgrading the insulation, windows, doors, and weather stripping in your garage can effectively boost your bottom line. Other upgrades we can perform that increase the value of your garage — and by extension, your entire home — include:
Adding a low-maintenance/easy installation siding like vinyl to your garage boosts its value. Protect your garage interior while not having to worry about cleaning or general maintenance regularly.
Concrete Floor Sealing & Epoxy Floor Coating
Sealing your concrete floor or adding an epoxy coating to your garage helps seal it from added moisture along with wear and tear over time.
Upgraded Driveway and Walkway Installation
A new drive lasts decades and is usually a focal point of your property. Adding a new driveway or walkway to your garage upgrades boosts your property value.
Additional Living Space Above Your Garage
Not only will a living space above your garage prove to boost your home’s resale value, but it will also provide potential passive income if you rent it out!
A new roof on the garage prevents water damage inside while keeping your energy cost down, which is excellent for property value!
Gutter and Leaf Protection Installation
Clean gutters are needed for a functioning property. However, with gutter protection, you’ll be able to skip your annual cleaning.
Upgraded electrical service
Many new garages require a port for electrical charging stations. If you plan on selling your home in the future, installing one of these ports helps increase the function and value of the property!
Bottom line: The more usable and inviting your garage is, the more value it adds to your home. Prospective buyers look for functionality and versatility in a garage, and when you partner with our Sussel Garages team on your project, we’ll help you achieve both!
Ready to Plan or Upgrade Your Garage Design? Contact Sussel Garages Today
At Sussel Garages, our number one goal has always been your complete satisfaction. Since 1915, we’ve proudly served over 50,000 Twin Cities homeowners, and we’re ready to help you plan and build your custom garage, too!
Whether you’re planning a new garage addition or you’d like to upgrade your existing space, our 100+ years of experience ensures you get exactly what you’re looking for.
To learn more about our fully custom garage plans or schedule an estimate, feel free to give our team a call at 651-645-0331 (St. Paul) or 612-379-0949 (Minneapolis). You can also reach out to us via our contact page, and a member of our team will be in touch with you promptly!