An attached garage can add a significant amount of home value when it comes to resale. How much does an attached garage add home value? That depends on a number of variables, but an attached garage adds home value, both for resale and when it comes to enjoying your home. Attached garages are a great benefit, and there’s a reason they cost a bit more to build. However, if you’re looking to increase your home value from the beginning of a build, choosing an attached garage is a great way to add home value.
Does an Attached Garage Add Home Value?
The short answer is, yes, an attached garage adds home value. Attached garages add home value in multiple ways, from how much you can get for your house in a resale, as well as the quality of life benefits from having an attached garage. The additional costs of building an attached garage home are often met in resale value, making them a wise investment. The cost of the garage in an attached garage home also costs, on average, less than the cost of building a detached garage.
How Does An Attached Garage Add Home Value?
An attached garage can increase a home’s resale value by $20,000 to $35,000. Attached garage homes are also often a requirement of buyers looking to purchase a resale home. Attached garages are incredibly desirable for buyers, so not only does an attached garage increase your resale value monetarily, but it can also increase the speed of which your home sells.
Ease of Use and Comfort
Attached garages make using your garage a lot easier. Attached garages let you avoid any weather conditions, so if you want to quickly get something out of your garage, there’s no need to go outside. This is a huge bonus for those of us in the Great White North! There’s also added ease when it comes to unloading things from your vehicle, using your garage for storage, or using the garage as a work space. Not needing to face the elements or whenever you’re going in and out of your home can make things a lot easier and far more comfortable!
Attached garages add a level of privacy, as your neighbours are unable to see who is going in and out of your home. There’s a benefit to having the ins and outs of your home completely covered from the public eye.
Attached garages have some added security benefits. This includes having easier access into your home if you forget or lose your keys, or if you want to let someone into your home when you’re not there. With your garage being attached to your home, you also have the added benefit of being able to hear if someone were to try and enter your garage.
One of the best benefits of an attached garage is regarding vehicles. Because your garage is attached to your home, you don’t have to go outside to get into your vehicle. You also no longer have to brush snow off your vehicle or scrape ice off the windshield. Your vehicle’s battery is also protected as it’s not out in the wind or cold, so the vehicle temperature won’t drop as low. All in, an attached garage makes things much easier for your vehicles!
What Impacts the Increased Home Value Of An Attached Garage?
The most obvious influence of how much home value an attached garage adds is in the size of the garage. The larger the garage, the more value that is added to your home. Two door garages are pretty standard for single family homes, but a three car garage will add a ton of value if your lot is zoned for it. Three car garages offer either space for three cars, or more commonly, two cars as well as a work/storage space.
If your attached garage is heated, this will often increase your home value. Heated garages add luxury and comfort to your home, and make going in and out of your garage a lot easier in the winter. Heated garages are also fantastic for your vehicle in the winter, or whenever you need to work out in your garage.
If your garage is finished, this can also increase your home’s value. Having finished drywall, proper lighting, nice shelving, and a finished ceiling adds elegance and class to the look of your garage, and as such it often increases a home’s value in resale. Finished garages require less work if they want to be transitioned to a work space or private getaway, rather than a place to park cars, so they will often appeal to buyers.
Attached garages add a lot of value to your home! Value is added monetarily in how much you can sell your home for, but it’s also added in other ways. Homes with attached garages often sell faster on the market, and an attached garage adds so much value for those living there, from convenience to privacy and security.
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