Unlocking Hidden Potential: How Garages Can Increase Your Home's Value
Above: Homes with garages sold for $35,411 more (+10.6%) in the Metro Denver area. In the luxury market, an upgraded garage can be viewed as a near-necessity.
Maximize your Colorado home value through a maintained and organized garage
Garages are an essential part of a home, especially in Colorado, where the weather can be unpredictable. Homebuyers often look for a property that has a garage as it provides security for their vehicles, extra storage space or additional usable square footage for a variety of activities. A Wall Street Journal survey found that only 11% of homeowners are satisfied with their garage. Furthermore, a Thompson’s Company Study found that 52% of homeowners want to have a garage their neighbors envy (though we think that number is much higher!).
We know the daily value a garage can bring to your life, but what about increasing the actual dollar value of your home? Whether you are thinking about the long-term value of your home or are thinking about putting it on the market in the near future, a well-designed and improved garage can bring a great return on your home’s sale. A recent published study from Redfin showed that homes with garages tend to sell for more than those without in every major U.S. metro area. Nationwide, homes with garages sold for $23,211 more than homes without garages or roughly a 12% increase in home value. And that’s just for any garage.
According to the same study, homes with garages sold for $35,411 more (+10.6%) in the Metro Denver area. Denver real estate expert Jane Goulder says, “In the city of Denver, space and parking is at a premium so homes with a garage definitely have an advantage to buyers over homes without a garage and it’s often a ‘must-have’ on their lists. Buyers prefer to have a safe, dry and dedicated place for their vehicles in all seasons – especially those who are coming from out of state.”
In two brief days we take cluttered, frustrating and old garage spaces and transform them into an extension of your home that enhances your quality of life in addition to increasing your home’s value. Shown above is a Colorado garage makeover courtesy of Custom Garage Solutions.
Colorado winters can be harsh and garages provide shelter for vehicles in extreme weather conditions prevent unecessary damage to vehicles. Having a garage ensures that the vehicles are protected from hail, snow, and extreme temperatures. A garage also serves as an ideal storage space for a range of items. From tools and equipment to seasonal decorations and sports gear, the garage can accommodate a variety of belongings that would otherwise clutter up living spaces.
Aside from just having any old garage, a premium garage can be a huge selling point for a home – and a near necessity in the luxury home market.
“Buyers of multi-million dollar luxury homes almost expect that the home will come equipped with all the bells and whistles of a modern luxury home,” Nick Schossow of The Schossow Group adds. “These garages can range from modern, well-organized storage and shelving to upgraded areas that may include TVs, bars and entertaining areas, golf cart storage and more. These buyers often have luxury vehicles that aren’t their everyday cars thay they want to keep stored out of the natural elements. We’ve used John and his Custom Garage Solutions team on multiple properties in Littleton.”
To maximize the value of garages, Colorado homeowners can do a few simple things. First, they can ensure that the garage is well-maintained and in good condition. This includes regular cleaning and de-cluttering, fixing any damage and painting/maintaining the garage door. Maintaining a traditional concrete floor can be difficult and years of use will make your garage appear dirty. Our polyaspartic flooring is easy to maintain, durable water resistant and simple to clean.
Homeowners can consider converting their garages into workable spaces such as gyms, DIY centers or fun gathering spaces. Accomplishing these transitions can start with organizing your garage using the best equipment such as cabinets, work benches and slat wall for the awkward items. Through this step, homeowners can easily locate and access their stored items as well as keep equipment and tools safely off of the ground, making the garage a functional and convenient extension of the home.
Overall, a home garage offers numerous practical advantages, providing homeowners with a secure and organized space that enhances their quality of life in addition to increasing the value of their home – no matter the price point.
If you are curious about upgrading the garage space in your Colorado home, you can learn more about our Custom Garage Solutions Floor Systems, cabinets and shelving or other custom upgrades that we can provide. You can also request a free estimate here. We’d love to work with you anywhere in the Denver area!
This Colorado home is now ready for all seasons and has increased its value with an upgraded garage. We love transforming homes such as this one throughout the Denver area! Contact us for a quote on your garage today.
Our Garage Services
We offer custom garage services throughout the Denver area including flooring, door repair and replacement, cabinets and shelving and custom upgrades.