You are proud of your property, and you and your family love living in it. You also think that someday, you may have to sell it for some reason. Your concern now is, is not having a garage affect its resale value?
Some neighborhoods have houses that do not have garages, or have houses with carports with a roof and open sides instead. For some homebuyers, the absence of a garage is not a serious issue since they just walk or utilize public transportation to commute. But for others, a property without a garage is a deal-breaker.
According to a recent survey, approximately 30% of buyers say a garage is one of the most significant home features, just ahead of a modernized kitchen and open floor plan.
To know how the absence of a garage can affect the value of your home, it is important to know how it can bring value when you have one.
So, let us get into it.
A garage can give you security
Keeping your automobile in a garage can be more secure than parking it on the street. A garage minimizes the risk of theft, vandalism, and inadvertent damage, which can go a long way toward bringing you added peace of mind. A garage may also lessen your insurance rates.
Protects from weather
You have most probably gotten into a car after it has been parked outdoors on a hot sunny day, so you recognize that the sweltering heat can be intolerable. No matter if you crank up the air conditioning, it takes a seeming eternity to cool off the car. In the meantime, you will be all drenched in sweat. This is especially problematic if you are on your way to work or to an important meeting.
Meanwhile, if you reside in an area that is exposed to frosty weather, brushing, scraping, and defrosting your automobile’s windshield can waste valuable time in the morning when you are in a hurry to get to work.
Parking a car in a garage can get rid of these issues, saving you from a lot of inconveniences as you manage the elements throughout the year.
Additional storage
If you get a home with a yard, you will possibly require a place to keep gardening tools, a lawnmower, and lawn furniture. If you and your kids love riding bikes, you will require a place to store them safely, too. That means you will require a garage or a shed. You might be able to set up either, but that would take plenty of investments in time and money, and local zoning regulations might hamper your choices. You could make matters simpler for everybody concerned by establishing a garage at the top of your must-have list.
Is a garage important?
While garages provide plenty of benefits to homeowners, nobody is requiring you to put up one. In fact, you can still sell your property at a high price even without one.
Still, if a buyer is given a choice between a property with a garage and a property without one, chances are the buyer will pick a home with a garage given all the benefits it can offer.
