Homeowners across the United States are turning their garages into brand new spaces. Whether they be bedrooms, workout rooms, art studios, or home offices, garages around the nation are finding a new way to be useful. But what does a garage remodeling project really entail? In this article, we’ll take a closer look at the ins and outs of a garage remodel, the associated costs, and tips for planning your garage remodel successfully.
A typical garage remodeling project will require the work of several professionals, including an interior designer, a garbage/rubbish hauler, a carpenter, an electrician, an insulation contractor, a drywall contractor, a finish carpenter, a painting contractor, and a flooring contractor. Though the overall cost will be spread across professionals and materials, the general ballpark of material plus labor on a garage remodeling project is between $3,474 and $4,053. Of that overall budget, the materials typically cost between $1900 and $2300.
What are the major benefits to a garage remodel? First and foremost, a garage remodel coverts a space that is rarely used to a space that is part of the house. It increases the size of your home and can add value to the home as well, depending on the type of remodel you complete and the neighborhood you live in. Homeowners have seen garage remodeling projects recoup anywhere from 67-78% of the initial project cost in a return on investment through adding value to the home. For the largest return on investment, homeowners should calculate the value of the home and dedicate no more than 2.25% of the overall home value to a garage remodeling project.
In order to maintain the most optimal resale value on your home, it’s a good idea to maintain the stylistic elements that are present in the rest of the house in the garage remodel design. In other words, an extremely contemporary home with a log cabin extension would feel out of place and would be difficult to sell to would-be buyers. It’s also important that all new construction and remodeling is completed according to code. If a would-be home buyer comes in and finds areas of the home are not within regulations, he or she may very well think twice about purchasing the home in order to avoid issues for him or herself down the road.
One of the biggest contributors to heightened costs in a garage remodel is the need to move plumbing into the new space. If it is possible for your new room to fulfill your desires for the project without necessitating new plumbing, it will help to keep costs of the overall project down. Other considerations include what type of fixtures will go in the new space and whether the garage door will stay or go. Keep in mind that the design of the garage and its cohesiveness to the home itself will have a big impact on how the garage remodel affects future sales on the home.