Will a new garage increase my Tampa Home value?
Have you researched other homes in Tampa within your area that are similar to yours? Most cases garages increase value but the real question is does having a garage make your home easier to sell? In most cases the answer is yes.
While vehicle storage is very important benefit of a garage, there are numerous other reasons to build one. Here are just a few of them:
Rental space – Adding an apartment is one of the most cost-effective ways of adding value to you Tampa home. Not only will you enjoy a monthly income, the extra living space significantly adds to the asking price of the home when you finally decide to sell. Convenience, monthly income and long-term growth – what else could you ask for?
Office Space – The downtown area of Tampa Bay has seen a significant resurgence in recent years – office space now rents for more than $20 per square foot. That means that even a small office of 1000 s.f. will cost over $1600 per month plus common area charges and utilities. Isn’t it is far smarter to be your own landlord?
Storage space – While no one ever wants to be known as a “hoarder,” most couples and families with children do accumulate a lot of stuff over the years. In many cases, the items have nostalgic value but are of no real use in the present day. A new garage with a lot of storage space will allow you to safely store these mementos without significantly cramping your style in the main house.
Media room space – It is not really that easy to carve out a dedicated media space in an existing home. It is far better to start from scratch and add one on to a garage being built from the ground up.
In addition, it boasts the benefits of keeping the noise and activity inherent in a media room from distracting others in the main house from more pressing matters.
If homes in your Tampa neighborhood have 1-2 car garages and you build a 3 car garage your home may be more valuable to the right buyer. Home buyers will probably not discount their offer if you do not have a garage.
The beautiful city of Tampa usually rests quietly right next to its eponymously named bay. This quiescence, however, does not mean that the area completely avoids some of Mother Nature’s worst weather. On average, Tampa sees an average of four inches of rainfall per month – most of it concentrated in the wet season, June thru September – as well as the occasional tropical storm.
Temperatures are in the 80°F – 90°F range throughout most of the year. This means that the weather along with the marine setting can play havoc with a car’s exterior which means that a garage is an essential for almost any homeowner.
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