Are you thinking about converting your garage into living space? If you want more space in your home, converting your garage is a potential solution. Here are some things for you to consider.
But is it the right solution for you? We like to share homeowner tips that could help you make the right decision. Make sure that you speak with licensed & insured contractors that will give you firm pricing. Remember, that any modifications & conversions must be done with the proper building permits.
A recent article from realtor.com outlined key things to consider when deciding whether to convert your garage into additional living space, including:
- Converting your garage can be more affordable than an addition. If you’re set on adding extra living space to your home, converting your garage is generally more affordable than building a new addition. According to the article, a new addition can run you anywhere from $25,000 to $75,000. And a garage conversion could cost on average, $15,000. Of course locations and materials will dictate the pricing.
- Some buyers prefer a garage over additional living space. While some buyers will appreciate the additional living space a garage conversion provides. If you plan to sell your home, just remember that many buyers will prefer the actual garage. Particularly in communities where parking is scarce. Garage area is also popular, as residents need the extra storage for their outdoor gear. Before you move forward with a garage conversion, make sure you’re thinking about your ideal future buyers and what they’re looking for in a property.
- Converting a garage can be a time-consuming process. In some areas, it can take up to a year or more to get all the permits you need to convert your garage. So before you commit to a conversion, make sure you’re willing to invest the time it will take to complete it.
Converting your garage into additional living space may or may not be a good idea depending on your circumstances—so make sure to do your research and consider every option before you make a decision.