Do you need more space in your home? When you add a room over your garage, it can give you the needed space that you are looking for. Another perk to doing this is the increase in your property value. Here at Cavalier Builders, we can help get your garage conversion started.
How Much Does It Add To Your 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.
- Your Home Is Equalling $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.
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.
In the end, if it is not going to benefit you, 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
If you are looking for an experienced company that will take good care of your projects, such as adding living space over a garage, then please contact the office here 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.