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

Dated: 04/12/2019

Views: 198

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

Are Low Interest Rates Here To Stay

Are Low Interest Rates Here To Stay? Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to 

Read More

Looking To Get Growing

Indoor Gardening Lets You Grow Greens in Any SpaceDo you have a green thumb but no garden to grow your greens? Indoor farming methods have seen a resurgence over the past few years, particularly

Read More

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

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.

Read More

Map It Out The Homebuying Timeline

Now that you know who's riding with you on your homebuying journey, it's time to map out the details of your trip. Buying a home is likely the largest purchase you'll ever make – that's

Read More