Is it a good idea to convert your garage?

But the good news is that converting a garage is still faster and much less expensive than buying a new home or building an addition on your home would be. Since you’re working with an existing structure, you don’t have to do things like pour new foundation or build new walls.Click to see full answer. Simply so, do you need planning permission to turn a garage into a room?Planning permission is not usually required to convert your garage into additional living space for your home, providing the work is internal and does not involve enlarging the building. A condition attached to a planning permission may also require that the garage remain as a parking space.Beside above, does turning a garage into a room add value? A one-car garage in a small home can add $5,000 to the home’s value, according to MSN Real Estate. If the conversion is done in an area where there is still plenty of space for the homeowners to park off the street, even in a smaller garage, the home’s value might increase by 6 percent or more. Also asked, will my house lose value if I convert the garage? There is no guarantee that a garage conversion will subtract from home value- in fact in many cases, the additional square footage is appealing to home buyers and will increase the resale value of your home. The housing market fluctuates constantly, so there is no correct answer when it comes to garage conversions.How much does it cost to convert back to a garage? Garage Conversion Cost Surveyed homeowners paid between $5,955 and $20,664 to turn their unused garage into habitable living space. On average, converting a garage costs $12,782. The price of contracted labor is a major factor in the overall price.