Garage Goals: How Much More Can Your Home Sell For With a Garage in the US?
March 30, 2023
A house's location, size, style, and amenities are just a few things to take into account before making a purchase. Yet one important factor that has a big impact on a home's value is whether or not it has a garage. A property's value and selling price in the United States may be increased by adding a garage. The extent to which the presence of a garage influences a home's sale price, however, is still an open subject.
The average price of a home with a garage is 13% more than a home without one, according to a recent Zillow research. The sale price of a typical U.S. home would increase by $23,211 as a result, which is a sizable sum of money for most homeowners.
There are a number of factors that can raise a house's value. To begin with, a garage adds an extra layer of security for a homeowner's car. Having a garage could be a decisive factor for many purchasers in neighborhoods with high crime rates. Also, a garage provides more storage space, which is always in great demand. Last but not least, a garage may shield a car from weather conditions like rain, snow, and hail, which over time can harm a car.
The degree of personalization and finishing a garage offers is another element that affects its worth. For instance, a garage that has been turned into a living room or entertainment area may increase a property's value even further. The value of a property could be even increased by a garage that has been renovated with high-end materials like custom cabinets, epoxy flooring, or soundproofing.
The significance of a garage's size on a home's worth should not be overlooked. The aforementioned Zillow study suggests that having a garage has a direct correlation with the sale price of a property. For instance, homes with a one-car garage tend to sell for an average of 10% more than homes without a garage. Meanwhile, homes with a two-car garage typically sell for 22% more, and those with a three-car garage sell for 32% more. These findings hold true across a wide range of regions throughout the United States. Therefore, having a larger garage can potentially add significant value to a property and increase its selling price.
While a garage can add significant value to a home, it's important to keep in mind that it's not the only factor that contributes to a home's overall value. Location, size, age, and condition are all essential factors that can impact a home's sale price.
For example, a home with a garage in a desirable neighborhood will likely sell for more than a similar home with a garage in a less desirable neighborhood. Similarly, a larger home with a garage will likely sell for more than a smaller home with a garage.
When it comes to determining a home's value, it's best to work with a real estate agent or appraiser who can take into account all of the factors that contribute to a home's value. They can provide you with a detailed analysis of comparable homes in the area, including the sale prices of homes with and without garages.
To summarize, a garage can be a valuable asset when it comes to buying or selling a home in the United States. The added convenience, security, and potential for customization make it a desirable feature for many homebuyers. Homes with garages can sell for an average of 13% more than those without, but it's important to remember that a garage is just one piece of the puzzle when it comes to a home's overall value.
Ultimately, working with a real estate professional who has experience in the local market can help buyers and sellers determine the optimal price for a property based on all relevant factors. Whether you're looking to buy or sell a home with a garage, understanding the impact of this feature on the home's value can help you make informed decisions and achieve your real estate goals.
Storage Solution We Recommend: Fleximounts GR48H Hooks 4′ X 8′ Overhead Garage Storage Rack
Overhead garage storage has gained popularity among homeowners who wish to make the most of their garage space while improving organization. Storing items above head level allows for the creation of more floor space to park vehicles, and set up a work area or gym, among other possibilities. Furthermore, using overhead garage storage enables easy accessibility to stored items, which minimizes the time spent looking for things.
Overhead garage storage systems come in various forms such as shelves, cabinets, and racks. These systems can be tailored to suit the layout and size of the garage, allowing homeowners to keep their garages tidy and shield their possessions from damage due to flooding, moisture, and pests. Overall, this article examines why overhead garage storage is a practical solution for homeowners who seek to optimize their garage space.
Fleximounts offers a broad assortment of overhead garage storage racks. A popular model is the GR48H Hooks 4' x 8' Overhead Garage Storage Rack. Its strong and durable overhead storage system gives you a safe place to organize your possessions. Water damage may also be avoided by securing your valuables and keeping your goods off the garage floor. Insects and rodents are kept out of your garage and out of sight thanks to the overhead storage rack.
The rack can safely load up to 600 lbs thanks to its thick gauge cold-rolled steel structure. For simpler assembly, it is specifically made. The device is more durable and robust thanks to the integrated wire grid design and welded-together frame. Additionally, the wire grid was put through rigorous testing that included quadruple load-breaking strength.
The height can be adjusted from 22" to 40", providing a convenient and safe place to store your stuff. The height-adjustable ceiling drop-down lets you customize it to your preferred height.
The rack is suitable for securing either ceiling studs or solid concrete ceilings. The ceiling brackets are designed to be attached to two joists for more flexibility and security. The screws provided are thicker than comparable products available in the market and have gone through strict tests to prove the top-quality make of the hardware.
All necessary hardware and instructions are included in the package. An installation template is also provided to help you devise a plan to store your stuff in the most efficient manner possible. Also included are three bags of screws, namely, wood screws, installation screws and bolts, and cement installation.
In the box, accessories such as four pieces of Flat Hooks (GRH1) and two pieces of Utility Hooks (GHR3) also come with the racks.