Bock Mortgage Group

Michael Bock and Theresa NeSmith

  • Company NMLS #2504921
  • Home
  • About
    • About Us
    • Privacy Policy
  • Blog
  • Resources
    • Connect With Our Commercial Loan Expert
    • First Time Buyer Tips
    • First Time Seller Tips
    • Loan Checklist
    • Home Appraisal
    • Home Inspection
    • Loan Programs
    • Loan Process
    • Mortgage FAQ
    • Mortgage Glossary
    • What to Expect at a Loan Closing: A Step-by-Step Guide
  • Reviews
    • Read Reviews
    • Leave a Review
  • Apply
  • Contact

Team Mortgage Mikes July 15, 2020

Considering a Major Home Addition? Why a Detached Garage Can Drastically Improve Your Resale Price

Considering a Major Home Addition? Why a Detached Garage Can Drastically Improve Your Resale PriceBefore you make a major structural change to your property, it is important to consider how this will affect your resale value. While there are many steps that you can take to improve your property, the addition of a detached garage may be beneficial to you and may drastically improve your resale price when you are ready to sell.

You can contact a trusted real estate agent today to obtain customized information about how the addition of a detached garage may affect your property’s value.

Adding Square Footage to Your Home

As a property owner, you may be well aware that one of the most common ways the value of your property is determined is by the market rate for price per square foot of homes in the area.

While factors such as age of the property, condition of the property and amenities in the neighborhood may affect whether your property’s price per square foot is above or below market average, the kind of the improvements has a direct impact on property value.

While adding a detached garage adds overall square footage to the property, it generally won’t be considered at the same rate as finished square footage within the home.  However, outbuilding improvements do add value to your property and a real estate agent can help you to determine the true financial gain you may experience through this addition.

Increasing Appeal to Potential Buyers

Properties that are more appealing to potential buyers may sell for a higher price. When you add a detached garage to your property, you may be adding style and function to the property by adding a place to park vehicles and to store items like seasonal items and lawn equipment. You can also create a detached garage with a workshop or another functional area for added appeal.

Transforming Existing Space

Some home additions will add a detached garage to a property because a garage was never constructed on the property, but others will be added because the homeowner wants to transform the existing garage attached to the home into a more functional area. For example, a new home addition, may turn the existing garage into a living room, a bedroom or another functional area. With the addition of a detached garage, the property owner can retain the benefits of having a garage while also improving the functional use of the main area of the home.

The addition of a detached garage can benefit you and your family in a number of ways, and it can also improve the resale value of your home. By speaking with a real estate agent, you can get a better idea about how this addition will affect your property.

Filed Under: Mortgage Tips Tagged With: Home Sales, Home Valuation, Selling A Home

Looking for something?

Michael and Theresa Bock

Contact Us


Michael Bock
Mortgage Loan Originator

CALL 727-457-6498


Michael NMLS #1749855
Theresa NMLS #1996065

Bock Mortgage Group

CONNECT WITH OUR COMMERCIAL LOAN EXPERT

CLICK HERE  

Sign Up to Receive Our Articles in Your Inbox!

No spam ever and you can unsubscribe anytime.

APPLY NOW  
GET A RATE QUOTE

Connect with Us!

Categories

Michael Bock | NMLS #1749855
Theresa Bock | NMLS #1996065
Licensed Mortgage Loan Originators
Bock Mortgage Group LLC. | NMLS# 2504921

• To view our NMLS Filings, CLICK HERE
• Click Here to Read Important Disclosures

Florida · Clearwater, FL · Pinellas County, FL · Brandon, FL · Pasco, FL · Saint Petersburg, FL · Wesley Chapel, FL · Riverview, FL · Tampa, FL

Equal Housing Opp

Previous Posts

Connect with Us!

3660 Erindale Dr.
Valrico, FL 33596

Return to top of page

Copyright © 2025 Bock Mortgage Group. All rights reserved.   Log In