Special Feature Tip

Building a new garage, pole barn or building structure is a fun way to get the storage or new space you have always wanted. This is especially rewarding when you are able to make a long-term investment in your home and possibly recoup some of your investment. This information is an overview of the possible return you may get on your building or home remodeling project when you go to sell your home in the future.

The percentages we are showing are averages. Many variables determine the payback on building and home remodeling projects such as location, neighborhood, age of home, economy, value of home compared to others in area, other upgrades that have been done in the community and future development plans.

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Garage
Detached Carport $4,000-7,000 Detached Wood Frame-Single $8,000-12,000 Detached Wood Frame-Double $13,000-18,000 Detached Block-Single $18,000-22,000 Detached Block-Double $24,000-29,000 Removal Of Existing Garage $1,500+

Overhead Doors
Automatic Garage Door Opener $300-750 Cladboard-Single $450-$1150 Cladboard-Double $750-$1500 Metal-Single (One-Piece) $700-1100 Metal-Double (One-Piece) $1100-1500 Wood-Single (One Piece) $1000-1450 Wood-Double (Sectional) $1800-2275

   

According to Cost Vs. Value (remodeling.com Publication) Midrange Project: GARAGE ADDITION
Construct a 26-by-26-foot freestanding two-car garage, including footings and slab-on-grade foundation, 2x4 wood frame with OSB structural sheathing, and gable truss roof at 6/12 pitch. Install 25-year asphalt shingle roofing with galvanized metal flashing; vinyl siding and trim. Install five double-hung 30-by-48- inch vinyl windows; one 3-0/6-8 exterior door with half-glass and lockset; and two composite 9-by-8-foot overhead doors with motorized openers. Include 100-amp breaker at main house panel and 50 linear feet of trench buried conduit to feed new electrical subpanel. Provide electrical wiring for openers; three-way switching for fluorescent ceiling fixtures over each bay; three-way switching for two exterior spotlights; outlets to code. Interior wall, floors, and ceilings remain unfinished.
Job Cost: $51,628 Resale Value: $31,233 Cost Recouped: 60.5%

According to Cost Vs. Value (remodeling.com Publication) Midrange Project: GARAGE DOOR REPLACEMENT
Remove and dispose of existing 16-by-7-foot garage door and tracks. Install new 4-section garage door on new galvanized steel tracks; reuse existing motorized opener. New door is uninsulated, single-layer, embossed steel with two coats of baked-on paint, galvanized steel hinges, and nylon rollers; 10-year limited warranty.
Job Cost: $1,579 Resale Value: $1,038 Cost Recouped: 65.7%

     

According to Cost Vs. Value (remodeling.com Publication) Upscale Project: GARAGE ADDITION
For the same midrange two-car garage, add interior wall finish using moisture-resistant drywall on ceiling and three walls. At rear wall, install modular storage systems including wall panels, upper and lower storage cabinets with work surfaces, and required task lighting. Trim all windows and doors and provide base molding at perimeter; paint all trim, ceiling, and walls. Finish cement floor with color, slip-resistant epoxy sealer.
Job Cost: $84,471 Resale Value: $41,133 Cost Recouped: 48.7%

According to Cost Vs. Value (remodeling.com Publication) Upscale Project: GARAGE DOOR REPLACEMENT
Remove and dispose of existing 16x7-foot garage door and tracks. Install new 4-section garage door on new heavy-duty galvanized steel tracks; reuse existing motorized opener. New door is high tensile strength steel with two coats of factoryapplied paint and foam insulated to minimum R-12 with thermal seals between pinch-resistant panels. Windows in top panel are ½-inch insulated glass. Hardware includes galvanized steel hinges and ball-bearing urethane rollers. Lifetime warranty.
Job Cost: $2,935 Resale Value: $1,668 Cost Recouped: 56.8%

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