Can a New Garage Boosts 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 really 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? The caveat here, though, 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:
● Finished flooring
● Usable storage spaces
● Finished insulation, drywall, and wall coverings
● Finished lighting fixtures
Even if you’re not planning to sell your home soon, try to plan your garage so that it’s not only functional for your needs, but for a future user’s as well. Consider designating space for tools and DIY projects and installing space-saving storage solutions.
For added usability and appeal, you may even consider including entertainment, 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! One simple upgrade that can significantly increase your home’s value is increasing the energy efficiency of the space.
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 improves 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:
● Maintenance-free siding
● Concrete floor sealing and epoxy floor coating
● Upgraded driveway and walkway installation (available with full garage build only)
● Additional storage area above the garage
● Upgrading roofing
● Gutter and leaf protection installation
● Upgraded electrical service
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 to 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!