Depending on where you live, a garage conversion might be a good investment. Many homeowners convert their garages for a variety of reasons. Some do it for storage, while others do it for aesthetic purposes. However, garage conversions are most commonly done for their increased property value and to add more space. If you’re ready to learn why a garage conversion will increase your property value, keep reading.
Garage conversions are popular for their increased property value. Studies have shown that having one or more garages increases property values by as much as 20%. The presence of a garage automatically signals to potential buyers that it’s worth more money than an identical home without a garage. And if you want to sell your home in the near future, this small investment could end up being worth thousands.
The most common reason people convert their garage into something else is that they want to make their home more attractive. Whether your goal is to have additional living space or a house with curb appeal, converting your garage will help you reach those goals. Studies have shown that homes with garages sell for an average of £60,000 more than those without garages. There is so much versatility in terms of what they can be used for, from playroom space and workshops to art studios, gymnasiums and more.
When converting your garage, you get to decide how the space will be used. Homeowners often opt for open floor plans by removing the dividing wall between the residence and the converted garage. This allows them to increase their living space without having to invest in a new property altogether. The bigger the better, right?
When people visit homes and see a garage conversion, they’re usually impressed by its size and modernity. This increases the property value, making it easier to sell if you are looking to sell your home in the future. In addition, garage conversions make a home more attractive on a home stroll. Garage conversions often include recessed lighting, sleek cabinets, and concrete or black floors that make a home feel modern. This will certainly sway potential buyers into wanting to buy your house!
You can easily turn your garage into a more functional space. For example, if you have a two-car garage, one could be turned into an office while the other becomes storage space. You could also use it as another bedroom or even create an additional bathroom. The possibilities for converting your garage are endless. You can use it in ways that will make the most sense for your living situation.