Planning to build that garage? Sure, a garage is a big deal since it adds value to your property. It can also be a big investment, which is probably why you are still holding off on building one for so long.
A garage is not only a nice place to park your car. It is also a safe space you can use to store your valuable equipment or a good working space for yourself. But more importantly, it helps to increase your property’s resale value should you want to sell it someday.
In this article, we will discuss the value of a detached garage and how much you need to invest in such a structure.
Description
What qualifies as a detached garage? A garage that is not attached to a house is a detached garage. The structure does not share a wall or a part of the house’s roof.
Detached vs attached garage
An attached garage is one that shares a roof or a wall or both. This one is cheaper to build compared to a detached garage because you can already use an existing wall and power. It also provides an entry to your home.
A detached garage will cost higher. It is a standalone structure, meaning you will have to build it from scratch and not use your house’s wall or roof. The good thing about it is that it is expandable and you can build more storage space in the future should you need it.
A detached garage is also more secure. It does not allow entryways into your home for strangers.
How to maximize your investment
Since it will take more to invest in a detached garage, you would want to maximize returns from it.
To do this, consider your overall environment. Where will you build your garage? If you are in an area with a harsh winter, you will probably need a reliable preheating system. On the other hand, if you are in an area where summers are hot, you will need to provide air conditioning.
Another thing to remember is the overall aesthetic of your garage. Always apply fresh, clean paint from time to time, and that the overall components are clean. You can also add beautiful landscaping around your garage.
What value does a detached garage give?
First, you will have to expect that building a detached garage can be a costly investment. But the key term here is “investment”. It is not something that you will just burn your cash on. You can expect quite a generous return for all the troubles.
On average, the usual rate of return for having a detached garage is around 65% of the cost of building your garage. Figures vary though, and it will depend on the supply and demand.
All in all, the value of your property will almost certainly rise with a garage in place. Also, the bigger the garage, the higher the value will be as people will certainly be attracted to a 3-car garage more than a 1-car garage.
Whether you build an attached or a detached garage, buyers will surely prefer your property over those without one.
