How Much Does a Detached Garage Add to Property Value?

What Factors Impact the Percentage?

Different factors are going to impact the value and the percentage increase.

The more important factor is going to be size. The larger the square footage, the more value the detached garage will add to the property.

Material might have an impact as well. Sturdier and more insulated detached garages can impact the value as these can be better converted if the prospective buyer so chooses.

The exact percentage difference will vary but speak to a professional who knows the area for a precise figure.

Additional Benefits of Adding a Detached Garage to Your Home

An increase in value isn’t the only thing a detached garage will do to benefit the property. A detached garage can also help when it comes to selling.

Detached garages are currently in high demand. With increasing prices, additional space is becoming a sought-after luxury.

This is especially true when it comes to parking.

In residential areas, parking is now either paid or permitted. Having your own garage allows for effective car storage and offers additional storage for odd bits and bobs.

Let’s not forget that keeping your car in a garage can also lower your car insurance premiums. So, you could end up saving money in the long run.

What Can You Do If the Property Already has a Parking Space?

Even if the property has parking, a detached garage still might be worthwhile.

You can turn the space into an additional room, such a gym, games room or study. Depending on the purpose of the room, you can further increase the value of your property. In some cases, by 10-15%.

The good news here is you won’t need planning permission to convert a garage into another room. However, it is always best to seek professional advice beforehand.

How Much Does a Detached Garage Cost?

If the property doesn’t already have a garage and you’re thinking of adding one, knowing your costs is essential. You want to make sure it will be a profitable venture.

The cost will be impacted by several variables, of course. However, for a simple detached garage you can expect to pay on average £28,000, according to Checkatrade.

Make sure to weigh up the costs with the potential value increase to make sure the build is profitable. As always, enquire with a building team to get a reliable price.

Summing it up

A detached garage can increase the value of a property for around 5%. Of course, this percentage can change depending on garage size, quality, how it’ll be used. As stated above, a garage conversion can add even more value to a property (depending on the room).

For more information on how specific property additions impact end value, see our knowledge centre for more useful articles.

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