Adding a detached garage to your property can be a great home renovation idea and a valuable investment that can significantly increase your home’s value. Not only can a garage protect your cars from inclement weather, but it also provides storage space for outdoor equipment and can even function as additional living space. Homeowners may use detached garages as home gyms and others as workshops or home offices, or single-family homes.
If you’re thinking about building a new garage or renovating an existing garage to serve as a garage, you might be wondering how much value a detached garage can add to your property. The cost of constructing a detached garage will vary based on the garage’s design, size, and quality of insulation.
As a homeowner, It’s important to make sure that the money you invest in your home will boost its value when you’re ready to sell it. On average, a detached garage can add as much as 10% to your home’s value, depending on the location and market.
What Is a Detached Garage?
A detached garage is a separate structure built on a property to store vehicles and other items and provide additional living areas or storage. Unlike an attached garage connected to the house, a detached garage is a standalone structure that can be located anywhere on the property, depending on local zoning laws and the homeowner’s preferences.
Detached garages are becoming increasingly popular among homeowners, as they can add to property value and provide additional garage areas without sacrificing living space in the main house. Building this kind of garage can also increase a home’s resale value, as prospective buyers often look for additional square footage and garage area.
How Much Does a Detached Garage Add To Property Value? (2023)
The value detached garages can add to a house varies depending on several factors, including the garage’s size, quality, design, and the local real estate market. However, well-built detached parking spaces can generally improve home value.
According to a 2021 report from Remodeling Magazine, building a new detached parking area can yield a return on investment of up to 75% or more, depending on the region. The same report estimates that the national average cost of building a detached car area is around $58,640, with an estimated resale value of about $45,708. This means that a new detached garage adds about $17,932 to the value of a home, on average.
In some cases, a detached garage adds even more value than the national average, while in others, it may add less.
Detached Garage Connected To The House
A detached garage that’s connected to the house is essentially an attached garage. It’s a garage built separately from the main house but has a covered and enclosed walkway connecting it to the house.
This type of garage offers the convenience of a connected garage while still providing some of the benefits of a detached garage, such as an additional area for keeping things, a more living area, and the potential for adding value to your property.
A well-built and well-designed garage can add as much worth to your home as an extra room, and it can be used for various purposes, such as a home gym or an extra living area.
If you’re considering adding a detached garage to your property, building one that’s connected to the house can be a good option if you have limited area or if you want to avoid building an attached car area that shares a wall with the house.
It may also require a building permit and zoning approval, so consulting with a qualified contractor and the local authorities is essential before starting the project.
Cost to build an attached garage vs. detached garage
The cost to build a garage, whether attached or detached, can vary depending on several factors. HomeAdvisor says the typical price range to build a built-in parking lot is $16,216 to $39,077, or $50 per square foot. Meanwhile, the typical price range to build a detached car area is $19,200 to $45,000, or $40 to $70 per square foot.
The cost of building a detached garage is typically higher than that of a built-in parking area, as the contractor cannot use the walls or power from your current home when constructing your standalone garage, which may increase labor and material costs. This additional charge can range from 10% to 15% more than the cost of building an affixed garage.
Other factors that can impact the cost of building a garage include the size of the garage, materials used, labor costs, and location. The cost to add AC or other features, such as a wrap-around porch or extra living area, can also increase the overall cost of building a garage. Ultimately, the cost of building a garage, whether attached or detached, will differ based on a homeowner’s individual circumstances and preferences.
Is it better to add an attached or detached garage?
Whether to add an attached or detached garage depends on several factors, such as your budget, lot size, and personal preferences. Attached garages are easily accessible from your home, which can be beneficial in harsh weather. Detached garages can provide additional storage and a home office or gym living area.
In terms of resale value, attached and detached garages can add value to a home. Still, the exact amount will depend on factors such as the construction quality, the garage’s size and design, and the housing market in your neighborhood. Generally, a well-designed and constructed garage can add significant worth to your home.
How A Detached Garage Adds Home Value
A detached garage can add significant value to a home in several ways. Here are a few reasons why a standalone car area can be a valuable addition to a property:
Increased appeal to potential buyers
Many homebuyers view a garage as an attractive feature that adds practicality and aesthetic appeal to the home. Additionally, a standalone car area allows for additional home designs that aren’t possible with an attached car area, such as a wraparound porch or an expanded living area.
Additional living space
A detached garage can be used as an additional living area, such as a guest suite, home office, or rental unit. This can significantly increase the home’s size and potential uses.
More garage space
A standalone parking area provides additional garage space, which can be highly desirable for homeowners with multiple cars or a need for an extra storage space. This can be especially valuable in areas with limited on-street parking or inclement weather.
Curb appeal
A well-designed detached garage can add curb appeal to a home and improve its overall aesthetics. This can be especially important for interested purchasers who value a home’s appearance and first impressions.
Storage systems
A detached garage provides an extra storage area that can be utilized in various ways. Homeowners can install storage systems, create a home gym or workspace, or even use the area as an entertainment area. The possibilities are endless, and this added flexibility and utility make a detached garage even more attractive to potential buyers.
Quality insulation
A well-insulated detached car space can help improve the efficient energy of a home, which can be a selling point for intending buyers who value energy efficiency.
Potential for air conditioning
A detached garage can offer the potential for adding AC to the home, which can be highly desirable in areas with warm climates.
Overall, a separated car area can offer a range of benefits that add value to a home, from increased living area and storage to improved energy efficiency and curb appeal. However, whether a standalone garage or an attached car area is better depends on personal preference, location, and budget.
Are detached garages worth the investment?
Whether a detached garage is worth the investment will depend on various factors, such as the property’s market value, the cost of building the garage, the location, and other factors. Generally, a cut-out garage adds value to a property and can offer several benefits, such as an additional storage area, vehicle protection, and an increased living area.
According to a report by Remodeling Magazine, constructing a detached garage can offer a return on investment of up to 65% of the cost. Additionally, a separated garage can make a house more attractive to prospective buyers, increasing the likelihood of a sale.
However, it’s important to note that building a detached car area can be expensive, and the return on investment may differ based on location and other factors. It’s essential to consider the cost of building the garage, the square footage, and any additional features, such as air conditioning or a home gym, and compare it to the potential increase in home worth. Consulting with a real estate agent can also provide insight into the local property market and the potential value a detached parking lot could add to a house.
Detached Garage ROI. Are They Worth It?
A detached garage can be a good investment for homeowners, depending on various factors. A detached garage’s return on investment (ROI) will vary based on the location, size, materials used, and local housing market.
In general, adding a detached car area can increase the worth of a home, which can lead to a higher ROI when the home is sold. According to the National Association of Realtors, a detached garage can add between $20,000 and $50,000 to a home’s value, depending on the location and the quality of the construction.
The cost of building a detached parking space can vary widely, depending on the size, materials used, and other factors. Homeowners should research local construction costs to get an accurate estimate of how much a new parking port will charge. They should also consider how much the new car lot will add to the home and whether that increase in value justifies the construction charge.
In addition to the potential increase in home value, a sepatated garage can offer other benefits, such as additional storage space, a home gym, or a workshop. These additional benefits make a detached parking lot worthwhile.
Overall, whether a separated garage is worth the investment will depend on the specific circumstances of the homeowner and the local housing market. It’s important for homeowners to carefully consider the potential costs and benefits before deciding to build a separated garage.
Bottom line
It’s best to consult a professional real estate agent in your neighborhood to determine which type of parking lot will provide the most value for your home and who can guide and offer protection all the way. They can advise on the market trends in your area that sell, what features buyers are looking for, and how a garage can enhance your home’s appeal.
FAQ
What are the important features to consider in a detached garage?
If you want to sell your home with improved areas, such as the standalone garage, you may need to consider the following: money, garage size, property value, etc. The benefits include additional space and improved home appearance, attracting more buyers.
How much value does a garage add to a house?
The value that a garage adds to a house can vary on several factors, such as location, size, quality of construction, and the real estate market. On average, a garage can add between $10,000 to $30,000 to a home’s value, but in some cases, it may add as much as $50,000 or more.
The size and type of the garage can also affect the value it adds to a home. A single-car garage may add less value than a larger, two-car garage, and a separated garage may add more value than an built-in garage due to the additional privacy and flexibility it provides.