On average, an attached garage can increase your home value as much as $21,000 according to one source.
Coastal Steel states, “In practically any case, building a garage can and will increase the resale value of your home. According to Pocket Sense, the average attached garage will cost around $27,000 to build. Most homeowners see about an 81% return on their investment or an increase in the resale value of $21,000.”
Other sources say that adding a garage makes perfect financial sense because you will see plenty of ROI when you go to sell your home and might even be able to recoup the whole investment according to Garaga.
How Much Is My House Worth?
Get a free home value estimate by using our home value estimator. Our estimator will tell you how much your home is worth, and what other homes are selling for in your local neighborhood. Results are a non-specific, system-generated valuation, which is for broad estimation purposes only. The consumer should request a custom market analysis (CMA), for an accurate valuation, as the conclusions may vary drastically.
Buy or Sell a Luxury Home in the Phoenix Valley
Are you trying to buy or sell your luxury home in Phoenix Historic, Scottsdale, Paradise Valley, or Arcadia? Best of Luxury Homes can help. From listings and negotiations to showings and paperwork, we are here for you every step of the way.
