A garage remodel can take many different forms. Some finished garages are transformed into guest bedrooms, game rooms, man caves or even master bathrooms. Others go the traditional route and clean it up to just keep their cars inside. The traditional route is certainly more cost-effective, but after analyzing national garage remodeling costs, the average price to renovate a garage is roughly $10,000.
Have a ballpark figure in mind. Determine what you can comfortably afford to spend on your garage remodeling or building project. Where does it fall in your list of home improvement priorities? Will you be spending 100% of your remodeling and construction budget on it? Having a clear idea of your price ceiling will help you avoid making choices that are too expensive or elaborate and having to scale back in the process.
Every project comes down to cost, so it only makes sense to start there. According to our garage remodeling cost estimator, the average garage remodel runs $8,582. Keep in mind, this takes the full garage into consideration. That includes the garage door, flooring, windows and plenty of other renovations. For those remodeling one aspect of their garage, of course, expect the final price to be much less. In fact, we have even seen garage remodels cost as low as $900.
Add between $75 and $500 to your budget for the cost of outlet installation. Most garages have electricity of some sort, even if it's just a bare bulb in the ceiling and a few outlets spaced around the walls. If you're trying to convert your garage into living space, you'll need a nearby licensed electrician to add more wiring and outlets for additional electrical devices.
Flooring: Concrete slabs are cold, hard, and not very pretty to the eyes. Even if you’re on a tight budget, installing new floors during your garage conversion could be worth your while in terms of comfort and aesthetics. Vinyl flooring is one of the more cost-effective options and is available in many different designs made to look like wood, tile, or natural stone. If the space is framed in and moisture isn’t a concern, carpet is also a viable option for softer flooring as long as insulation occurs beforehand.