Why a Garage Increases Your Home’s Resale Value
When you're preparing to sell your home, you do lots of things to make it look appealing to buyers. You deep clean every room, you make sure that your home looks welcoming, and you may even bake some cookies to make your home feel cozier. But if that's all you're doing, you may be missing out on serious buyers or getting lower offers than you expected. If your home doesn't have a garage, you should consider adding one on.
Why a Garage?
New homes are being built with attached garages now. It's come to be an expected feature. If you're trying to sell a home without a garage, most buyers are going to overlook your listing, simply due to the fact that it doesn't have a garage. Most families now have two cars, so having parking space for at least one of them is very important.
Having a garage increases your home's resale value because it's something that buyers want. The demand for a one- or two-car garage can mean the difference between getting your lowest acceptable offer and getting more than you asked for.
Should You Build?
Whether or not you should build a garage depends on a variety of factors. If the cost of building the garage is more than the value it would add to your home, you may want to pass. But if you can get a decent price, and the addition will dramatically increase your home's value, go ahead and build. It will be well worth the effort once serious buyers start putting in offers.