Your Garage's Impact On Resale Value / ROI
According to Fixr.com, your garage renovation project will have an immediate 60-80% return on investment (ROI), meaning if you spend $20,000 renovating your garage, you can expect an immediate $12,000-$16,000 increase in property value. That’s an incredibly interesting stat and a great ROI.
While ROI is great, homeowners generally don’t do projects purely for resale value. Your garage renovation adds immediate returns in a few ways
De-cluttering your home by adding storage space
Frees up valuable storage space inside your home
Saves time. Stop searching for lost tools, sporting equipment, gear etc.
Saves money. Having your gear organized and stored in a clean, dry place helps you avoid re-buying the same items, or replacing musty, damaged gear.
Like renovating your kitchen, a garage renovation is a win-win. Your family gets the benefit of additional storage, safer flooring, and more functionality today, and you get the remaining benefit back in the form of increased resale value someday.
Your garage may not be factored into the square-footage of your home, but its certainly part of the place you call home. We would be thrilled to come see your space and help you make your garage a functional, enjoyable part of your home.