Is it worth replacing my garage door?
Will a garage update increase my home’s value?
What can I do to my garage to boost my property’s overall value? Which investments will give me the best return on investment?
Owning a property with a garage means you have a valuable asset that will always be in demand. Some home-seekers in Austin won’t even consider a property that doesn’t have a garage. So, while it can be costly to have a new garage installed, there’s a very high chance that you’ll gain a positive return on investment.
But, if you already have a garage, there are 7 upgrades you can make to skyrocket the overall value of your property.
Garage Update 1: Improving Your Garage’s Insulation
A non-insulated garage will cause more harm than the money you’re saving when you come to put your property on the market.
While some property owners will use the garage solely to store their vehicle, it’s also likely that the garage will become an extension of their functional living area. Using the garage to store washing, additional storage, or any activity that requires the minimum level of comfort demands good insulation.
Your garage should be able to provide shelter to objects (and people, at times), during harsh weather and storms.
Furthermore, you can reduce your energy bill with proper insulation. So, while insulating your garage takes time and money, it pays off in the long-run – specifically if you’re hoping to sell your property in the future.
“Your garage should be able to provide shelter to objects and people during harsh weather and storms.”
Garage Upgrade 2: Build a Storage Loft Into Your Garage
Families of all sizes – over the years – collect a lot of clutter. Without a storage loft, this clutter may find itself in cardboard boxes and sprawled across the garage floor.
Home-seekers will always be impressed by organized storage potential. It makes the property all the more appealing, as there’s room to grow.
Building a storage loft into your garage means that it can still be used to store a vehicle and offer additional room for objects that are kept safe.
Garage Upgrade 3: Install a Slip-Proof Floor In Your Garage
The flooring inside your garage may be the last thing on your mind. We take flooring for granted, specifically in rooms we don’t spend a lot of time in.
However, when upgrading your garage, it pays to consider the safety of the room. Fitting your garage with slip-proof flooring means you’re adding additional safety features to the property. While it may not have a direct impact on the overall value of your property, it’ll be all the more appealing for it.
Slip-proof flooring is installed through adjusting the texture of the concrete, or by adding a material with more grit to the floor.
Garage Upgrade 4: Upgrade Your Garage Door
When you first see a property, one of the components that is initially visible is your garage door. As such, if your garage door is old and/or noisy, it’ll be worth your while to have a new garage door installed.
Remember, it’s been calculated that you can profit from a brilliant 88.4% ROI on a new garage door. So, it’s absolutely worth it.
Garage Upgrade 5: Solar Panels On Your Garage’s Roof
The world is becoming a more eco-friendly place, and home-seekers are trying to do their part in helping the planet thrive.
It’s clear, then, that having a solar powered roof on your garage could appeal to those who wish to be eco-friendly and save money in the long-run on your electricity bills, too.
Additionally, it allows inhabitants to power their car through solar energy.
Garage Upgrade 6: Lighting Is Everything
Dingy garages have bad reputations. Bad lighting makes the entire space feel musty and damp. However, when installing high quality and bright lighting, it adds a sense of luxury to your space. For buyers who wish to make the most out of their garage and use it as more than just storage, good lighting isn’t negotiable. It’s a must-have.
Garage Upgrade 7: A Gated, Refreshed Driveway
A driveway – even without a gate – adds a touch of opulence to your property. Furthermore, statistics prove that a driveway does, in fact, add value to your home by 5-10%.
Considering that, after installation, and alongside your refreshed garage, you don’t need to do a whole lot to maintain it, it’s certainly an investment worth making.
When you add a gate to your driveway, you’re not only enhancing that opulence, but adding a layer of security to your property.
Boost that 5-10% increase of value by another 5%, and it can pay for itself.
Update Your Garage Today
The 7 upgrades you can make to your garage on this list are all components that will boost the value of your property.
Whether you’re looking to sell your home any time soon, you’re preparing for the future, or you want to reap the benefits of a stunning and functional garage yourself, we’re here to help. Why not get in touch today?