Garage Renovation Costs: How to Estimate Your Project Budget
Working out the budget for a garage requires considering the value of your home. Typically, a garage remodel shouldn't exceed 15% of your home's total value. If you're hoping to recoup your investment during a sale, overspending could cost you more in the long run. Learn how to set a realistic garage renovation budget by looking at the common costs you may encounter.
Garage add-ons: costs and considerations
Expanding your garage can be a good way to improve your home's square footage, but costs will vary depending on its current size, layout, and whether it's attached or detached.
On average, a garage expansion can cost anywhere from $30 to $60 per additional square foot. Construction and labor will take up most of your budget, but materials will also factor into the equation. If your garage expansion includes renovating the existing structure, then expect the cost to increase extensively. It may be better to remodel the garage first, then consider how much you can afford to add to it.
How much does garage construction really cost?
Prices vary by location, the type of job, and even the contractor you're working with. Before settling on a professional for the job, it's always a good idea to shop around to compare estimates.
Paying for professional garage renovation is a much safer financial bet than attempting to DIY the project. A good contractor will ensure you receive a warranty and offer protection by carrying proper insurance.
On average, a garage renovation can cost from $1,500 to over $15,000. Older garages that need extensive remodeling will cost more than renovating newer ones that are being expanded or refinished. Size also plays a large role in the cost of construction. Larger spaces require more time and labor to renovate, so they'll come at a higher cost for service.
Estimating your project cost
The most important factors to consider when making a garage renovation budget are:
The size of your garage
The materials you need
What parts of the garage you're renovating
Whether you're expanding the garage
It's important to get quotes from licensed contractors who can offer detailed, clear estimates about the cost of achieving your renovation goals. Request quotes from at least three contractors to ensure you get the best deal.
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Setting the right limit
Determine the scope of work you want done and what your project will actually need to be done by a professional. Calculate the size of your garage and request quotes from local contractors to determine the average cost of the work you need done.
Be sure to consider material costs, labor, and any necessary permits you might have to pay for as well. With this in mind, you'll have an easier time determining a realistic budget for your project.
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