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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>

\n<\/p>

According to Architectural Digest<\/em>, the ROI of a garage renovation<\/a> is anywhere between 64\u201381 percent. When you can earn anywhere from $20,000\u2013$30,000 with a few simple garage upgrades, putting in the effort to revamp the space will make your house stand out in the market. This will result in a negotiation that potentially raises the cost of the house, a faster sale, and more funds that you can put toward the purchase of a house or another investment.\u00a0<\/p>\n

\n

Worthwhile Garage Improvements To Conduct Before Selling<\/h2>\n

Garage Door<\/h3>\n<\/p>

\n<\/p>

A contemporary, premium garage door elevates the property’s curb appeal. It makes a powerful initial impression on prospective buyers.\u00a0<\/p>\n

\n<\/p>

Financially, upgrading to a new garage door ranks among the top home improvement projects in terms of return on investment. Many homeowners will recover a considerable portion of the expenditure through the enhanced selling price attributed to the door’s added allure.<\/p>\n

\n

Storage Solutions<\/h3>\n<\/p>

\n<\/p>

Garages are commonly used as storage spaces. One of the most effective add-ons for storage is incorporating slatwalls in garages<\/a>. Slatwalls are panels that offer versatile storage opportunities for tools, gardening supplies, sports equipment, and more.<\/p>\n

\n<\/p>

This change will make the space look more visually engaging. As a result, potential buyers will envision themselves utilizing this practical improvement and increase the likelihood of an offer.<\/p>\n

\n

Refinished Floors<\/h3>\n<\/p>

Let buyers see that you\u2019ve taken great care of the garage by upgrading the flooring. A few options include polishing the concrete, applying epoxy coatings, or installing durable tiles that can withstand the substantial weight of cars and storage cabinets.<\/p>\n

\n<\/p>

The status of your home\u2019s garage<\/strong> will greatly affect your home\u2019s selling price<\/strong>. If you\u2019re ready to increase the value of your property and obtain an incredible ROI, begin by implementing some of these valuable garage improvements.<\/p>\n

\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

With a flourishing housing market, discover why the status of your garage
\nwill impact your home’s selling price and the best improvements to conduct.<\/p>\n","protected":false},"author":1,"featured_media":9725,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[254,255],"class_list":["post-9724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-news","tag-blog","tag-rss-feed"],"yoast_head":"\nWill the Status of the Garage Affect a Home\u2019s Selling Price? - Realtor In South Florida<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/realtorinsouthflorida.com\/will-the-status-of-the-garage-affect-a-homes-selling-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will the Status of the Garage Affect a Home\u2019s Selling Price? 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