Boost Your Home's Value with these 5 Garage Upgrades

The garage is often seen as an essential part of your home. It gives you a safe and secure spot to park your vehicle or simply adds to the practicality of your home. There is no doubt that having a garage increases the value of your home.

But, you may be surprised to find that 44% of Australians use their garage for storage, not for a vehicle. Of course, the fact that a property can be worth as much as $300,000 more with parking does emphasize why people want to keep their garage.

But, no matter what the value, it’s possible to upgrade the garage and make your home even more valuable! Here are five upgrade options:

Rent The Space

This may seem like an unusual way to increase the value of your home, but it works. The simple fact is that parking in cities is expensive. The cost continues to rise as parking spaces are difficult to find. Increased competition pushes the price of parking up. In turn, this has created a healthy alternative market.

Check out this site offering parking Brisbane city, and you’ll see the potential for earning by renting your car parking space or garage. Setting up a contract means that your home comes with an income that increases its appeal and, consequently, its value if you decide to sell.

Insulation

If your garage is attached to your home, you should consider insulating it. This will reduce the energy and heat lost through the space, reducing your energy bill.

But, it will also increase the options for using the garage space. Again, this will make it more desirable and effectively worth more. You can even take this a step further and add heating or temperature control to your garage to create a usable space throughout the year.

Upgrade The Door

Many people don’t use their garage because it’s a hassle having to get out of your car to open and close the door. You can eliminate this issue by replacing the current door with an electronic one like you would find at B&D Garage Doors Clayton. Opening is as simple as pressing a fob, or your system can even have smart identification. It will automatically recognize your vehicle and open it for you.

Take this a step further and connect the garage door to your in-house smart system, and you’ll create a very desirable home, allowing you to boost the price further.

Lighting

A garage shouldn’t have a single bulb hanging in the middle of the room. This provides a dim light and doesn’t create the appeal your garage deserves. Instead, replace the light with low-energy bulbs that illuminate all the space, especially anywhere you like to work.

The result is a nicer space, and your home will increase in value.

Convert the Space

The great thing about your garage, once properly insulated, is that it can be anything. Whether you want a gym, a dance studio, or a new office, it’s possible. You don’t need to eliminate the garage door.

All you need to do is renovate and decorate the space like you would any other room in your home. This will make the space usable and the house much more attractive to any buyer. The greater the interest in your home, the higher the valuation will be.