Will Adding A Room Over My Garage Increase My Property Value

Will Adding A Room Over My Garage Increase My Property Value

April 22, 2021

Garage conversions can indeed increase the value of your property. By transforming an underutilized space into a functional living area, you not only create additional square footage but also enhance the overall appeal and versatility of your home. Cavalier Builders, a renowned construction company specializing in garage conversions, can help you maximize the potential of your garage. Which will elevate your property value to new heights. 

The Appeal of Extra Space

Converting your garage into a room not only provides you with additional living space but also offers a variety of possibilities. Whether it’s a home office, a guest room, or a playroom for the kids, this extra space can cater to your specific needs and lifestyle. It can significantly enhance the functionality and appeal of your property, making it more attractive to potential buyers. 

Expanding Your Living Space

One of the most obvious advantages of adding a room over your garage is the increase in usable living space. Whether you need an additional bedroom, home office, or a playroom for the kids, this expansion provides endless possibilities. The versatility of this new space allows homeowners to tailor it to their specific needs, contributing to a more comfortable and functional living environment. Additionally, this extra space can help reduce clutter and improve the overall organization of your home. It can also add value to your home if you ever decide to sell it. 

Boosting Home Functionality

As families grow and lifestyles evolve, the need for flexible living spaces becomes more apparent. A room over the garage can serve as a multipurpose area, adapting to changing needs. It could function as a guest room, a private retreat, or home gym. This adaptability enhances your home’s functionality and appeals to a broader range of potential buyers. This space can also provide additional storage, which can be beneficial if you have a lot of belongings. Additionally, it can give your family more space to spread out and create more privacy. 

Increasing Property Value

You may be thinking, “How much value does a garage apartment add to a house?” Anytime you have living space available in the garage space, it will help the overall value of your home. The living area in your home will be worth more than your garage space. A garage apartment or bedroom will increase the value of the actual living area of the garage. 

For example:

  • Your Home Is Equaling $250 Per Square Foot
  • Your Garage Is Equally $100 Per Square Foot
  • Your Living Space In The Garage Will Be $250 Per Square Foot

Cost Of Building A Living Space In Your Garage

If you are considering putting living space into your garage, it is a good investment. Especially if you are not sure about your home’s layout and having the room for it on your home, it is not always compatible with your home’s design to add on extra rooms. 

Maybe you want a garage apartment to bring in extra income with renters. The overall cost of adding a garage apartment will mainly depend on the size and amount of work that goes into the project. You have to consider the need for an HVAC unit, water, electricity, flooring, and walls when building a room above a garage. On average, you can expect to pay around $40,000 to $50,000 for the complete project. 

Cost Of Building a Garage With Living Space

If you do not already have a garage, but you are considering the thought of one, you can always add in living space then. That way, you can have the extra space to do what you want or rent it out. You will be earning money to pay off the bills of building the garage and apartment.

The cost to build a room above your garage may be higher compared to if you already have a garage to add onto. On average, the cost of this build will be $175 to $215 per square foot. The need for wiring, plumbing, and more will most likely be needed as well. Overall, the finished room over your garage cost could run you as low as $60,000 or as high as $70,000 or more. It all will depend on the size of everything. 

Cavalier Builders, Inc.’s Expertise

When adding a room over your garage, choosing the right contractor is crucial. Cavalier Builders, Inc. brings years of experience and expertise to the table. Our skilled team understands the complexities of such projects, ensuring that the construction seamlessly integrates with your existing home structure. By entrusting your project to us, you can be confident that the value of your property will be maximized through quality craftsmanship.

Curb Appeal and Aesthetic Enhancement

Beyond the functional benefits, a well-designed room over the garage can significantly enhance your home’s curb appeal. Thoughtful architectural integration and cohesive design contribute to the overall aesthetic of your property. Potential buyers are often drawn to homes with unique features, and a tastefully added room can set your property apart in the real estate market.

Considerations and Return On Investment (ROI)

One important consideration when converting your garage into a living space is the potential return on investment, also known as ROI. While the initial cost of the project may seem significant, it’s crucial to evaluate how the added living space will impact the value of your property. A well-designed and properly constructed garage has the potential to increase your home’s overall value and attract potential buyers. In the next section, we will explore some key factors to consider when assessing the ROI of converting your garage. 

Return on Investment (ROI)

While the initial investment in adding a room over your garage is a consideration, viewing it as a long-term investment is essential. The increased square footage and improved functionality can positively impact your home’s market value. Research indicates that well-executed home additions often yield a favorable return on investment, making it a financially sound decision for homeowners.

Local Real Estate Trends

Understanding the real estate market trends in your local area is crucial. Consult with real estate professionals to gain insights into the types of home improvements in demand. By aligning your project with market preferences, you increase the likelihood of attracting potential buyers when the time comes to sell.

Are Garage Conversions Worth It

Your home’s overall value can increase by 20 percent with a garage conversion. You will need to consider what your home’s value is now and what the added space will do for it. If adding living space over a garage provides the extra room that you need, and it works for your budget, it should be a good decision. 

Ultimately, you may want to consider a different route. It is always best to speak with professionals about this type of change to your home. They can better help you understand all that has to go into it. This way, you don’t get in the middle of a project and spend way more money than you intended. 

What Can You Do With A Room Above A Garage

When you add a room above a garage, it doesn’t mean it has to be a bedroom. It doesn’t even have to be an apartment, for that matter. You have several options of what you can turn that space into. Many people have done garage conversions to add needed space to their homes. Some of the many options are:

  • Home Office
  • Photography Studio
  • Art Studio
  • Game Room
  • Movie Room
  • Home Gym
  • And So Much More

Adding a room over your garage with the expertise of Cavalier Builders, Inc. can be a strategic move to maximize your property value. The additional living space and thoughtful design and quality construction enhance functionality and curb appeal. 

Contact Us

As you embark on this exciting home improvement journey, consider it an investment in your home’s future. With the right approach, you can enjoy the benefits of an expanded, aesthetically pleasing home while potentially increasing its market value. Contact our team at Cavalier Builders. You can call us to learn more about our recent projects or browse the website. We look forward to hearing from you.

Call Now Button