Published at Friday, March 29th, 2019 - 10:40:23 AM. Home Decoration. By Amett Krause.
Find out if its possible to construct a garage. This may be the most appealing scenario for buyers who value parking their own car in an enclosed structure. Obtain setback, variance, and permit requirements from the local building and planning department so you can help buyers estimate what kind of garage can be built, if any, and how long the approval process takes. In her downtown Albuquerque area, Beecher says small one-car garages can be constructed in alleys behind the houses for approximately $10,000 to $12,000, typically taking 30 to 45 days to complete, depending how busy the city and contractors are with other projects. In Sarasota, Roach says the county code and FEMA requirements demand that structures withstand natural disasters such as flooding, wind, and hurricanes. Thats why approval for a permit and construction for a new garage can take up to four months. Chicagos code requires the digging of a four-foot-deep foundation for any garage so its below the frost line, says Michael B. Klein, CEO of The Airoom Companies, architects, builders, and remodelers in Lincolnwood, Ill.
Price the listing competitively. Be sure to compare apples to apples—if you look at comparable houses without garages, youll get a lower listing price and appraised value than those with garages. How much less depends on the importance of this feature in the area. In Roachs Sarasota neighborhood, most homes are built with garages since buyers want to protect their cars from the sun and oxidizing salt, have a place to store their beach gear, and protect their possessions from vandals if they head north for an extended period. Therefore, she says the absence of a garage can decrease the appraised value by as much as 20 percent. But those whove been priced out of certain neighborhoods may find the savings appealing.
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