The real truth about increasing your home value is that it is not a one size fits all situation. There is no one magic bullet that will make your garage into something that others want. Each home is unique and an idea that is great of one situation will be completely out of place in another. Take the time to research the ideas we have outlined above, and compare them to what is in the neighborhood. Your best choice is one you make for your home and that appeals to buyers.
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.
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.
For a garage-to-utility-room conversion, budget at least $6,000 for appliances, a utility sink, and space for sorting, folding and hanging laundry. A new utility room in place of an old garage brings convenience into your life, especially if you've spent years dragging loads of laundry up and down the stairs. This conversion will cost a bit more due to the addition of plumbing, but it'll be worth it.