Value of Adding a Garage

[Kelly McCandless]

I'm currently house hacking somewhere with an upstairs unit and a basement unit. The property doesn't have a garage and since I have been living here, I have personally wanted one. However, I don't want to spend that much money if it is purely for my enjoyment, and I'm not sure how to determine the financial value of adding one. It's expensive so I'd like to figure out if it will let me raise rents or sell for more down the line. If the cost is not going to significantly add value to rent/worth of home, then I'd rather put the money towards the next downpayment.

Could anyone here that has added a garage provide feedback on whether or not is was a good investment?

[Aaron K.]

@Rachel S. yes but he could also just build the ADU. That is the reason new houses usually don't come with pools, they don't add as much value as they cost to build. If the parking is a requirement to build the ADU then sure it is worth it, but the ADU is the driver of value not the garage.