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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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House with a garage?
DH is OBSESSED with his collectible car. Unfortunately our house DOES NOT have a garage. DH wants to build one. I don't think it's worth the $$ (we haven't priced one out yet but I bet it's close to 15K)
Do you think that building a garage will INCREASE the value of a home?
Also, please keep in mind that we may only live here for another five years.
All opinions please!
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Posted 4/7/06 7:55 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
MommyofG
just the girls
Member since 5/05 9461 total posts
Name:
Janice
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Re: House with a garage?
I was told it does. My DH too has collectible cars 2- 1 is stored in Maryland and the other 1 is here in the garage. I wanted to make part of the garage into a storage area and DH's cousin who is a lawyer and handles RE said not to convert it b/c it is a selling tool. Honestly if you are only going to be there for 5 years I dont think its going to make a difference with this kind of market here in new york. Good Luck.
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| Posted 4/7/06 8:14 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: House with a garage?
Thanks. I personally don't think it will raise the value of our home that much and I think that if we move in 5 years that it will really be silly to build it. If we were going to live here forever - than sure - go ahead - but I really don't see that happening.
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| Posted 4/7/06 8:36 PM |
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dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
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Re: House with a garage?
Diana, we have been going to open houses and it seems that the garage does raise the value slightly - but probably the amount it would cost to build it or a little more. We are debating whether or not to buy a house without one and when we look at very similar houses, one with a garage, one without, the garage house is higher in price.
Your taxes will also go up some if you build a garage, so that would be a consideration too.
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| Posted 4/7/06 8:43 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: House with a garage?
I know - and our taxes are already 10K so I think that's crazy.
When I do open houses and meet people looking for places I ask them what's important to them (basement, garage, etc) and MOST of the time they all say that they don't NEED a garage. That's why I think while it might be nice to have - some people don't find it a necessity.
I always grew up with a two car garage that we actually parked our cars in - most people use them for storage now.
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| Posted 4/7/06 9:07 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: House with a garage?
Posted by Diana1215
DH is OBSESSED with his collectible car. Unfortunately our house DOES NOT have a garage. DH wants to build one. I don't think it's worth the $$ (we haven't priced one out yet but I bet it's close to 15K)
Do you think that building a garage will INCREASE the value of a home?
Also, please keep in mind that we may only live here for another five years.
All opinions please!
yes it most def will increase the value of your home as well as desireability
But i am not sure, if i was only going to be there another 5 years...that i would sink 15K into a garage
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| Posted 4/7/06 9:10 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: House with a garage?
Posted by Redhead
Posted by Diana1215
DH is OBSESSED with his collectible car. Unfortunately our house DOES NOT have a garage. DH wants to build one. I don't think it's worth the $$ (we haven't priced one out yet but I bet it's close to 15K)
Do you think that building a garage will INCREASE the value of a home?
Also, please keep in mind that we may only live here for another five years.
All opinions please!
yes it most def will increase the value of your home as well as desireability
But i am not sure, if i was only going to be there another 5 years...that i would sink 15K into a garage
My thoughts EXACTLY!
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| Posted 4/7/06 9:34 PM |
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Teri
my girls!
Member since 2/06 1491 total posts
Name:
Teri
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Re: House with a garage?
hmm, tough call. I live in an area where lots of homes don't have basements, so they convert their garages into family rooms, etc. I see the desire for a garage, but I don't necessarily think I'd pay too much more for a house with a garage.
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| Posted 4/7/06 10:09 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: House with a garage?
Posted by Teri
hmm, tough call. I live in an area where lots of homes don't have basements, so they convert their garages into family rooms, etc. I see the desire for a garage, but I don't necessarily think I'd pay too much more for a house with a garage.
I know that in Levittown they convert alot of their garages into extra rooms. This garage wouldn't be attached - it would be set back in the backyard.
We also have a full finished basement with a bathroom so that could be used for plenty of storage.
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| Posted 4/7/06 10:35 PM |
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MsG
Should be working
Member since 5/05 2824 total posts
Name:
G
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Re: House with a garage?
Would a garage also increase the taxes? I'm not sure I'd a) want to spend the $$$ on one if we were going to move and b) raise the taxes if we were going to move
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| Posted 4/8/06 8:04 AM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: House with a garage?
Posted by MsG
Would a garage also increase the taxes? I'm not sure I'd a) want to spend the $$$ on one if we were going to move and b) raise the taxes if we were going to move
ME TOO!!!!! I don't think that five years is a long time to wait to get a garage. In the meantime my parents offered that he can keep the car in their garage in the winter time.
Men and their cars....I just don't get it!
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| Posted 4/8/06 9:16 AM |
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dengal
Dad of Twins
Member since 5/05 1385 total posts
Name:
The 80's Man
Let's Go Mets!
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Re: House with a garage?
If I was staying there just five years, I wouldn't go through the trouble (or expense). I do think a garage does raise the value of the house. Though the people who are looking to buy your house in the future may not fancy cars, they may need extra storage space.
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| Posted 4/8/06 12:25 PM |
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