Renovating a garage is a great way to make more space in your home. It's also a much cheaper option than adding an extension to your home. Modifying your garage walls to increase square footage is easy since they are already in place. To get the desired result, there are a few things you need to do. These tips will help you get going.
Set a budget. For a simple project, it will cost approximately $6,000 to complete. If you plan to build a guesthouse, however, expect to spend more. This project is more expensive as it requires the installation of a bathroom and kitchen. It will also require the installation of a gas and sewer line. This can increase the cost to the high $30s. While garage remodeling projects are not usually required by an architect, guest homes can run more than $25,000 so make sure you have financial resources.
It is possible to make your garage look more liveable. A garage remodel is a good way to increase your home's value. You can sell your home quicker with a new floor. Polyurea flooring won't fade and is waterproof. You will get more square footage and a higher value for your home if you have a new door. An outdoor door is also possible. It will add extra entertainment space to your home and can save you a lot of money.
When remodeling your garage, it's important to consider the size and shape of your space. Consider the design and style of existing walls. A simple coat can make an old garage look new again. An epoxy coat will give your floor a showroom-quality finish. To make your garage look cleaner, you can get rid of all the junk. You'll find this project rewarding and will be grateful that you took the time.
The garage is often overlooked. To increase curb appeal and make the space more usable, it is necessary to repair its floors and walls. But, making certain changes to your home can impact its value. It is important to have your garage remodeled before any other renovations. It is possible to hire a professional to help with your project, even if the changes you make will not increase your home's value.
It is important to consider the cost of remodeling garages. You should aim for maximum space in your garage, so that you can make the most out of it. The remodeling process can also increase your home's value. You might consider adding another bathroom. A home extension can be a good option for those who need additional living space. You should also decide the layout of your garage. You should consider your lifestyle.
FAQ
Is it more cost-effective to hire a subcontractor or a general contractor?
The cost of hiring a general contractor can be higher than that of a subcontractor. General contractors have many employees so often charge their clients a high amount for labor costs. A subcontractor hires only one employee so they charge less per an hour.
How much does it cost for a house to be renovated?
Renovations usually cost between $5,000 and $50,000. Renovations typically cost homeowners between $10,000 and $20,000
What should I think about when buying a house?
You should ensure that you have sufficient funds to cover the closing costs of your new home before purchasing it. Refinancing your loan is an option if cash is tight.
How important is it that you are preapproved for a loan?
It is important to get preapproved for a mortgage because you will know how much you can borrow. It can also help you determine your eligibility for a particular loan program.
Is there any way to save money when renovating my home?
You can save some money by doing as much of the work yourself as possible. Consider reducing the number or people that you employ during renovations. You could also try to find ways to reduce the cost of materials used in the renovation process.
What is the average time it takes to renovate a house?
It depends on how large the project is, and how long you spend on it each day. The average homeowner spends between three to six hours per week on the project.
Statistics
- ‘The potential added value of a loft conversion, which could create an extra bedroom and ensuite, could be as much as 20 per cent and 15 per cent for a garage conversion.' (realhomes.com)
- The average fixed rate for a home-equity loan was recently 5.27%, and the average variable rate for a HELOC was 5.49%, according to Bankrate.com. (kiplinger.com)
- They'll usually lend up to 90% of your home's "as-completed" value, but no more than $424,100 in most locales or $636,150 in high-cost areas. (kiplinger.com)
- Design-builders may ask for a down payment of up to 25% or 33% of the job cost, says the NARI. (kiplinger.com)
- It is advisable, however, to have a contingency of 10–20 per cent to allow for the unexpected expenses that can arise when renovating older homes. (realhomes.com)
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How To
What should I budget for the restoration of my old home?
How many rooms you wish to renovate, the type of renovations that you are planning, where you live and whether you hire professionals or yourself will all affect how much it costs. The average cost for renovations is $10,000 to $50,000 depending on how large and complex the project.
You'll probably get less than the market value of your home if you don’t include the cost of repairs, upgrades and other improvements. If you don't put enough effort into your home before it sells, you could even lose money. You can increase the sale price of your home if you spend enough time and effort to improve its appearance.
These factors will help you choose which projects to start first.
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Your budget. Start small if you have a tight budget. You can start small, for example, by tackling one room at a given time. A contractor who specializes is kitchen remodeling can be hired to make significant changes in your home without spending a lot.
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Your priorities. You decide what you are going to do with your home. You should not limit your efforts to one problem. Even minor problems can quickly add up. It is possible to end up replacing your roof sooner than anticipated if your roof leaks whenever it rains.
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Your timeline. It's important to prioritise projects that don't impact the resale of your existing home if you plan on buying another property in the near future. If you're considering buying a property next year and want hardwood floors installed or new bathroom fixtures, then you won't want them to be done right away. These updates might be best left until you are ready to move out of your current house.
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Your skills. If you do not possess the skills required to accomplish a particular project, hire someone else. You might hire a cabinet maker if you don't have the skills to build custom cabinets.