We Think A Detached Garage Can Be A Sound Investment. Here’s Why.
Whenever you’re remodeling or building, it’s natural to consider the return on your investment (ROI). Adding a detached garage is no different. According to Remodeling Magazine, a detached garage typically recoups 63% of your investment, on average. To determine if the investment makes sense for you, we recommend you consider the following:
- Are You Planning To Move? Evaluating the cost and benefits of your space is easier when you think about your long-term plans. If you’re planning on moving within a year, a detached garage might not make sense. If you’re planning on moving in five years, a garage may make sense. It will allow you to protect your vehicle and equipment from the elements and help you organize your home by providing additional storage.
- Will It Match Your Architecture? A detached garage that looks out of place isn’t going to help you during resale. And, you’ll find that it may start to drive you crazy when you look at pictures of your home or see it while driving up to the house. Matching your home’s architecture may affect the price of your garage.
- What’s It For? Are you planning to keep just your cars in the garage, or do you want to use it as a shop and storage location? If you’re into woodworking or auto body, a detached garage provides more than just a financial return on your investment. It also provides you with the space to unwind and focus on your hobby.