Updated over 4 years ago on . Most recent reply
3 Car Garage Estimates
I'm getting ready to tear down a two car garage and upgrade to a 3 car garage with a dwelling unit on top. I was wondering if anyone has an idea of what the cost for labor and materials mights be?
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It is like a new house. 3 car Garage 22ft x 35ft, plus the upstairs apartment; that's 1400 square feet. It's basically a 3/1 with a garage. Except you're trading the family room for two more parking spots.
I estimate and manage industrial electrical projects for work. I starting putting a spreadsheet together for estimating my own, real estate investment projects. I just pull material costs out of the Home Depot and Lowes websites. Probably not the best place to get material pricing but I figure it's better to go a little high in case there's anything that I miss. There's also a 25k contingency in there that I split between material and labor. I also added the costs of appliances in there.
I have run the numbers on adding coach house units if you can't cut the costs by doing some work yourself, you can cheaper labor I don't think it makes sense.
You're probably better off just buying another house as an investment if your ROI is the end goal.