What value does a garage add to your home?

Recent research has indicated a garage can add on average 5% to a house value.

dencroftgarages.co.uk - How Much Value Does A Garage Add To Your Home? - Dencroft

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Author: Dencroft Garage Experts | Last Updated: November 2021

Your home is your greatest material asset. It is also (probably) the biggest investment you are likely to make therefore, it comes as no surprise that as homeowners, we’re always on the hunt for new and innovative ways to add value to it. With the recent pandemic faced by everyone and the subsequent lockdowns, homeowners have been spending more and more time at home. Whether it is working from home or home-schooling, the time at home has allowed many of us to reconsider our homes, the space and the interiors. ‘Improve’ rather than ‘move’ has been trending and we’re seeing DIY projects, décor hacks and alternative conversions coming into the limelight. From landscaping gardens through to single or double storey extensions, garage conversions and even better, adding garages to homes has grown in popularity. In the past 18 months, we have seen enquiries for concrete garages increase as people look to add more value to their homes.

How much value does a garage add to a home?

Recent research has indicated a garage can add on average 5% to a house value. To put it into real terms, the average price of a UK house is £235,000. Assuming it has no garage, by investing in a new garage build can potentially increase your home value to £246,750. Our concrete garages here at Dencroft start from £1,033, meaning if you invest that amount in a garage for your property, you could see up to an £8,300 profit when it comes to selling.

Will I add more value to my home by converting my garage into a room?

Converting a garage into a useable space, especially if it is an integrated garage can add even more value, between 10-15%! As a rule of thumb, garage conversions range in cost between £10,000 to £20,000, so we always recommend determining what your ceiling price is before investing in a conversion or before adding a garage to your home.

How much does a new garage cost?

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We have been designing, manufacturing and building garages for over 70 years, allowing us the knowledge and experience needed to give UK homeowners a cost effective and sturdy solution to adding a new garage to their home. Our concrete garages are our biggest sellers and they start from as little as £1,033. With the 5% value added to your home, you’re looking at a potential £8,300 profit when selling. Find out more with our building a new garage cost guide, and don’t forget to research whether or not you need planning permission for a new garage.

Does a detached garage add more value than an integrated garage

There is no ‘better’ when it comes to the type of garage you have. Both integrated and detached garages have pros and cons, some of which may or may not be relevant to the family using it and the style of your home. Not all houses have been designed to accommodate an integrated garage. Usually, detached garages are larger in space and can be converted to be used for workshops, offices and more. The bottom line is that a garage adds value regardless of its position. So what’s next? If you’re ready to add value to your home and have the space needed to add a garage, the next step would be to understand what garage is the most suitable for your home and your family. At Dencroft, we offer a range of garages and finishes that haver all been designed and build to add value, security and that much needed space. Simply fill out the form below or give us a call and we’ll happily discuss your options and provide a free, no obligation quote.

dencroftgarages.co.uk - How Much Value Does A Garage Add To Your Home? - Dencroft

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