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{"id":9724,"date":"2024-04-13T18:53:32","date_gmt":"2024-04-13T18:53:32","guid":{"rendered":"https:\/\/realtorinsouthflorida.com\/Will%20the%20Status%20of%20the%20Garage%20Affect%20a%20Home\u2019s%20Selling%20Price?\/"},"modified":"2024-04-22T00:21:11","modified_gmt":"2024-04-22T00:21:11","slug":"will-the-status-of-the-garage-affect-a-homes-selling-price","status":"publish","type":"post","link":"https:\/\/realtorinsouthflorida.com\/will-the-status-of-the-garage-affect-a-homes-selling-price\/","title":{"rendered":"Will the Status of the Garage Affect a Home\u2019s Selling Price?"},"content":{"rendered":"
If you were a home buyer, consider how you would perceive your home\u2014particularly the garage\u2014when touring. Does the garage stand out like a sore thumb? Is it a feature that requires extensive improvements, or is it move-in ready?<\/p>\n
\n<\/p>
Perhaps it seems like upgrading the garage is the least of your worries. However, the garage\u2019s status can affect the home\u2019s selling price<\/strong>. Read on to learn the value of a renovated garage and how it can deliver a large return on your investment.<\/p>\n
\n
Factors That Affect a Garage\u2019s Value<\/h2>\n<\/p>
\n
Size and Capacity<\/h3>\n<\/p>
\n<\/p>
Prospective buyers often have a clear idea of their space requirements; a spacious garage that meets these needs can be a decisive factor. Homes with a single-car garage can see an increase in value by up to 5 percent compared to similar homes without garages.<\/p>\n
\n<\/p>
In real estate markets where space is at a premium, a larger garage can substantially elevate a property’s appeal. Double garage doors and three-car garages can boost a home\u2019s value anywhere from 10\u201320 percent.<\/p>\n
\n
Recent Upgrades<\/h3>\n<\/p>
\n<\/p>
Buyers love to see improvements that strengthen the convenience and appearance of a garage. Elements like upgraded flooring, a functional workspace, a security system, and practical lighting will increase the value and visual appeal of your home.<\/p>\n
\n
The Financial Effect of Upgrading Your Garage<\/h3>\n<\/p>