Upscale garage addition
- Cost (national average): $82,311
- Return at resale: 58.4 percent
This is not your dad's oil-stained garage.
Instead, the Remodeling Magazine estimate for this one includes building (from foundation to roof) a large, detached two-car garage that's heated, cooled and completely finished inside -- down to the molding around windows and doors. It is organized floor-to-ceiling with built-in shelves, cupboards and workbench areas, Alfano says. This upscale garage is also fitted out with high-end lighting, and the floor is treated with a stain-resistant epoxy.
"It's a high-end project," Alfano says. This type of renovation appeals to women as much or more than men, he says. With places to store all the items that tend to clutter a garage, often "it's for wives who want their garages back," he says.
A moderate garage addition -- the same size, also detached and professionally built, but unfinished inside, with an automatic door and modest overhead fluorescent lighting -- would run roughly $49,911 and return just over 69 percent at resale, the study concluded.
At resale: High cost or low cost, in areas where homes don't have basements or attics, garage storage can be "really important" at resale time, says Phipps.