The Pros And Cons Of Converting A Garage To A Living Space

Dated: 04/12/2019

Views: 337

Record-low housing inventory across the nation has some homeowners rethinking their plans to move to a bigger space. Instead, they may be looking at ways to renovate or expand their current home. What about converting the garage into extra living space? Here are some pros and cons.

Pro: Make the most of what you have

In the era of ride sharing services, many young professionals are choosing to downsizing by opting for public transit over car ownership. In that case, the unused garage is much easier to convert to a functional living space than dealing with the expense and hassle of an expansion.

Con: Loss of Storage Space

Many homeowners use their garage for additional storage, so before you make the decision to alter the space, make sure you have a plan for your storage needs. Better yet, downsize your possessions for a little more breathing room throughout your home.

Pro: Help Pay Down Mortgage

Looking to rent a room out in your home to help pay down your mortgage? According to a survey performed by HomeAdvisor, millennial homeowners are 39 percent more likely to renovate a garage compared to all other homeowners that can allow them to create a usable living space while building equity.

Con: Future Buyers Wants and Needs

Before you convert a garage, make sure to do your homework on your neighborhood. What is selling? Are garages sought after by home buyers? If you are looking for answers to these questions, or are concerned about the resale value of your home, make sure to consult a full-time, experienced real estate agent for advice. With extra training and knowledge – like knowing if the square footage of a garage count towards the total square footage of the house – your real estate agent is there to help you.

Blog author image

Nichol Polk

Helping Families Make Dreams Become Reality, that’s my motto. I am a native of Brazoria County working in all surrounding areas. I’ve dedicated my professional career to helping others. I have a p....

Want to Advertise on this Site?

Latest Blog Posts

READY TO SELL WAYS AN AGENT HELPS GET YOU STARTED

The process of putting your home on the market and finding your next place can be overwhelming. Fortunately, an experienced agent can help you weigh all your options. Here's where a professional

Read More

DOES IT COME WITH THE HOUSE

Heavy, bulky items can be awkward to pack up and difficult to move. They also can be seen as big perks to potential buyers. If you're willing to part with the items below, have your agent mention

Read More

UNDERSTANDING THE PERKS OF PREQUALIFICATION

3 ways getting pre-qualified for a mortgage loan can help during the home-search process.When a homebuyer is prepared and all the pieces fall into place, the home-buying process can often move

Read More

7 SIGNS OF A DOG FRIENDLY HOUSE

Embarking on a home search for a property that must be approved by furry, tail-wagging family members? Here are a few things to look for.Does the home have a yard? Just a little bit of a fenced-in

Read More