Detatched Garage Resale Value

usernameRulesSuckJune 11, 2006

I'm contemplating building a detatched 2 car garage in my backyard (in addition to the 1 car attached garage that I currently have), but I'm concerned that, upon resale of the house, I'm not going to get nearly what I paid for it...I'm thinking 50% if I'm lucky. Is my logic correct that it isn't going to add much value, or is it going to be worth more than I think?

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I think you are pretty close to accurate, depending on your location. I would call a few realtors and ask their opinion. If you get extravagant you may get less. I looked at 1 house that had added a detached garage with office above. They spent like 70k when they were all finished. No way was it adding that kind of value to the home. I am adding one though and think I am doing all of it myself, I should get at least all my material money out of it if not more.

    Bookmark   June 11, 2006 at 1:14PM
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I wasn't planning on anything extravagant, just a garage...probably 20 wide by 24 deep.

    Bookmark   June 11, 2006 at 3:27PM
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