Should I add a garage or a room? Best Additions for Resale

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When looking to update your home to sell, it is very important to consider which additions will have a high return on your investment, and which sellers will not be willing to pay extra for. Many homeowners look to add more space to increase the value of their home, either through adding or finishing a room, or adding or enlarging a garage.

Adding a Room:

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Adding a room, or finishing an area of the house into another room, can substantially increase the resale value of your home. Finishing an attic or basement into a bedroom or office will add square footage to your home, and open it up to larger families. This is the same case with adding a completely new room, although finishing an existing area can be less expensive and have a higher return on investment. 

Adding a Garage:

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The addition of a garage or enlarging an existing garage will typically add less value to your home then adding a room will. In some cases, for example in an area with little to no street parking, the addition of a garage will have a larger impact on resale value. However, in most instances, garages have more limited uses then indoor rooms and therefore will not have as big of a return on investment. If your home has an existing garage you are thinking about expanding, you may want to consider getting a new garage door to boost curb appeal, which is a less expensive option with a much bigger impact.