In recent years, more and more people are looking for ways to expand without spending a lot of money. So instead of buying a bigger house, they opt for building a garage with a living area. These types of garages are located on the ground floor and living quarters are above it. This space has many purposes and advantages, but it also has some drawbacks. If you want to know whether this move will fit your needs, read our advice and weigh out the pros and cons.
Pros of building a garage with a living area
Curb appeal will rise
When you build a garage with a living area, your neighbors will envy you. You can decorate the space above the garage with many architectural features, such as gables, cupolas, or cornices. Moreover, if you hire an experienced construction company, they can match the garage with the living area, give it a more natural feel.
If for some reason you are not able to build this type of garage, you can always buy a house that already has one. You should always hire professional movers Orlando FL for all your moving needs, to avoid injuries and unnecessary costs.
You can earn money by building a garage with a living area
If you are looking for ways to earn extra cash, then building this type of garage is for you. A living area can be rented out to someone working in the area or a student studying away from home. They will have their own privacy and you will have a steady income each month. On the other hand, you can rent it out on Airbnb and get to meet some interesting people. All in all, this space is ideal for those who are hoping to make some side money while also being open to strangers.
You can also save money on your upcoming move by hiring professional movers Mount Dora FL. A reliable moving company will save you more money than you would have by moving yourself, so don’t hesitate to hire experts in their field.
Your guests will have their space
Having guests over is not always the fun it promises to be. They might crowd your space and you might feel like a butler in your own home. Luckily, this is solved by building a garage with living quarters. Your in-laws and cousins will have the space they need without missing out on family activities.
No need to expand when you build a garage with a living area
Property has become a big issue in recent years, and a lack of space is obvious. This is why many people choose to expand their homes and plots. However, expanding a plot can take a lot of time, money, and effort. On the other hand, expanding vertically rather than horizontally can save you from this hassle. This is also ideal for those who have neighbors close by, preventing them from expanding their own lot.
Although creating space is not always cheap, you can keep your belongings safe and out of sight by renting a storage unit. That way you have all of your items in one place, and they are not creating additional clutter in your home.
Cons of building a garage with a living area
You have to follow the regulations
As with any living space, there are certain codes which you have to comply with. The same goes for building a garage with a living area. These codes are more strict than the ones that apply only for garages. One of these can be the structure’s ability to withstand fire for a time without damaging the space below. All of these additions require planning as well as money, so it’s up to you to decide whether you can go through with it.
There is also the Homeowner Association to consider. You need to build a living area that complies with your neighborhood’s codes so that you don’t go through all of this work for nothing.
It costs money to build a garage with a living area
This type of remodeling can really damage your budget. Not only are there building costs, but also all the additional ones. These include the cost of insulation, permits needed, electricity, heating, and so on. The costs can add up quickly, so if you don’t have the means, the job might be out of your reach.
If money is an issue for you, you might want to consider other options. Before you buy a house, think about the benefits and disadvantages of investing in an apartment vs a house. Do research before you make any big decisions.
Consider potential buyers
Whenever you make an addition or a change to your home, you need to think about the person who will be buying it from you. Will they share your remodeling ideas, or choose a home without them? Not everyone will want a garage with a living area or want to cover the costs of taking it down. Take into consideration Check to see if any other houses in your neighborhood have this garage. If they do, potential buyers will likely not have a problem with it. But make sure to research the market before you make any commitments on this project.
Appraisal value might go down when you build a garage with a living area
There are two types of garages, attached and detached. If your garage is attached to your main house, building a garage with a living area won’t affect its value. This is because the appraisal agent will include the living area’s footage as part of your home. Although, this is only the case if the living area can be accessed directly from your house. On the other hand, a living area above a detached garage might bring you trouble. Since they are not connected to your main house, the agent will give a lower value to this space. This means that your entire house, together with the garage, will be worth less money. Think about the type of garage you have and how you can best use this space.