How Much Value Does Your Garage Add To Your Home?
How can a garage add value to your property?
Garages are becoming high in priority for new buyer’s so having a garage or even adding one to your property can help you to increase its overall value.
It has been proven that a garage can add at least 5 per cent extra to the price of a home and in some cases flats.
Those willing to pay an average of £300,000 for a home, a garage can add an extra £10 – £15 000 to the property’s overall price.
Why are garages so desired?
Permits, parking rules and limited spaces make for unwanted stress among homeowners, especially those who have moved into a new home without prior knowledge of these parking difficulties.
Therefore parking space such as driveways and garages are often a necessity for those on the property ladder.
If you are looking to add value to your home in order to sell, building a garage is a great way to achieve this added value.
Even if your next buyers are not looking for extra parking space, a garage may attract them to your property as they provide extra space with many people converting these buildings into gyms, games rooms and even in some cases an extra bedroom depending on the size and quality.
What makes a valuable garage?
A garage doesn’t have to just be for a car, many people have multiple uses for their garage, including storage, workshops and extra space for tv rooms etc.
For a garage to add value to the property, they should be well built with good quality materials, in order to hold the purpose of securing your belongings.
Many people find that the garage they already have propose dangers like harmful materials, the most common being asbestos roofs.
If you found that this is a problem with your garage, the best thing to do is to lace it. The most popular roof for garages is flat EPDM roofs as they are fairly inexpensive and long-lasting. Find out more about the cost of EPDM roofing here.
A good quality door is another important feature of a garage that add value. Many people will want to use this space to store valuable belongings, not only cars but extra furniture and so on.
If you are looking to build a garage, the best place to start is to talk to an estate agent as they can help you decide how to best utilise the space and whether investments like these are worthwhile. This may be included in a property valuation.