Having a garage in your home provides you with flexible storage space and limitless possibilities of how you could use the extra space. However, have you ever thought of a garage as a piece of real estate? As a property owner, you know that the value of your property is determined by the market rate per square foot of other houses in your area. It is also affected by other factors such as the condition of the property and age. Building a garage kit can significantly raise your home’s value. In the event you decide to sell the property in the future, you will get back a great return on this investment.
How Much Value Can a Steel Garage Kit Add to Your Property?
If your home doesn’t have an attached garage, adding a detached garage can seem like a considerable challenge and quite an expensive undertaking. However, there are numerous options for prefabricated steel garage kits in Canada that are cost-effective and allow for quick and easy installation. On completion, studies have found that a regular-sized garage will typically increase the value of a home by approximately 13% almost instantly. This can mean an 81% return on the investment put into building the garage.
Mistakes That Cost You More Money
Adding a garage to your home will increase its value. However, it is important to remember that the garage needs to be carefully designed and executed. Otherwise, you could end up hurting the value of your home. Below are some mistakes that could cost you money.
Building Too Large for The Lot
Prefabricated garage kits can save you money on construction, maintenance, and energy bills. However, if you have a relatively small lot, a detached garage can make the space feel crowded and small. In this case, a steel carport may be a better solution.
Ruining the Aesthetics
It is possible to customize your prefabricated garage kits with a custom front or colours to match your home’s design. It is important to ensure that your garage complements the other structures on the property in order to attract buyers and reap a higher return on your investment.
Garage Customizations That Can Add More Value to Your Home
While it is not essential for your garage to have heating and air conditioning, any climate-controlled space on your property will offer better returns. As such, one of the most popular upgrades in pre-engineered metal building kits is adding an insulation kit. These kits come separately in pre-measured, pre-cut pieces that attach to the panels using caps and pins. The insulation helps to stabilize heat transfer and make the interior more comfortable in a variety of weather conditions. In addition to temperature control and avoiding condensation, insulation also offers other benefits such as noise control, which is quite helpful if you also work in your garage.
Other Benefits of Steel & Metal Garages
Increased Resale Appeal
As with any home improvement project, adding a garage is an investment. A professionally constructed, eye-catching and spacious garage typically raises the value of a home by approximately 13-14% and adds interest and appeal for potential buyers. As the second most important amenity to buyers (second only to an attractive kitchen), a garage is essential when selling a property.
More Storage Space
Storage is vital in a home. A spacious, detached garage provides essential space to store vehicles, lawn equipment, ATVs, holiday décor, and other items that would otherwise crowd the living space.
Depending on the building codes in your area and your budget, having a garage with a high ceiling gives you even more space without taking up more of your lot. This can be used for anything, including a guest room, a home office, workshop, dream man cave, or extra storage space.
Extra Living Area
For a home that already has an attached garage, building a detached garage allows you to convert the old, attached garage into extra living space. You could turn it into a family hobby area, home gym, media room, office, and more. Remodelling an existing garage makes more financial sense than enlarging your home. You can also opt not to transform the attached garage and leave that decision to the new homeowners.
Increasing the square footage of your home by adding a garage, particularly a detached garage, results in an almost immediate uptick in the home’s value. Additionally, with the availability of low maintenance and durable metal garage kits in Canada, building a garage is a cost-effective way of increasing the value of your property.
The Toro Difference
The Toro Steel garage kits offer a durable and dependable solution for securely storing your vehicles and assets. Our team of designers and engineers will work closely with you to create a custom metal garage that is unique for your needs and in accordance with the regulations and guidelines in your location. We have helped thousands of homeowners across North America and around the world increase the value of their homes with professional and reliable garages.
Contact Us to Purchase Your Steel Garage
What do you hope to achieve with your metal garage? At Toro Steel Buildings, we have an extensive selection of residential steel garage kits and commercial steel garages for sale in Canada. The garages are designed to be durable, reliable, and versatile to meet a wide range of needs. Talk to us today and let us help you increase the value of your home with a great garage.
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