Just about every homeowner thinks about how to optimize their space. A garage conversion can be just the step you want to take to make the most of the space in your home. Converting your garage into a home addition can potentially be a huge undertaking. What should you consider before making the switch?
- Costs – According to Forbes, a low-end garage conversion can cost as much as $20,000. High-end garage conversions can exceed $50,000. Although you save money on a garage conversion versus a home addition because it’s already a pre-built space, you still have to pay for upgrades in wiring, plumbing, electricity, insulation, and other construction elements.
- Necessity – Garages are built for one purpose. That purpose is storage for cars and/or other items. When you begin the garage conversion process, you remove a storage option from your home. The flip side is that you typically add another bedroom or living area space. Before converting your garage, consider what you really need: storage or living space?
- Value – Depending on your goals as a homeowner, value can be a huge factor in converting your garage. Garage conversions add space to your home, but the room is never fully realized in the value of your home. You save money by not adding a new home addition, but you lose out on increasing the equity in your home.
Converting your garage space is no easy feat. If you’ve weighed the pros and cons and are ready to start the process, contact us today for an estimate for your garage conversion.