Is your garage worth $50,000?

Is your garage worth $50,000?
The property market can be a rollercoaster, with plenty of ups and downs, especially after the covid outbreak and various lockdowns across the country. Like any other city, Melbourne is constantly changing and can be influenced by several factors, such as economic conditions, population growth, and government policies. In general, property values appreciate over time. Still, there can be periods of fluctuation, and if you're considering selling your property, it's essential to know what could appeal to potential buyers.


If you already have a garage on your property, are thinking about it, or have no plans to…well, we have got 50,000 reasons why having a garage is big news for property owners across the country. A garage helps protect vehicles from the elements (which can be harsh throughout Australia) and provides additional storage space for belongings. This is why many real estate home seekers only look for properties with a garage.
  

Did you know that adding a garage can increase your property value by thousands of dollars? A report from BarryPlant suggested that a double garage would add at least $50,000 to the value of a modern home. Furthermore, with the surge of electric cars, the need to have a safe and secure place to store and recharge your vehicle overnight has never been more important.

Why it’s never been a better time to get a garage: 

  • According to BarryPlant, a double garage can add up to $50,000 in value to most homes and up to $100,000 in urban areas!
     

  • A garage protects your cars! Cars are costly so investing in a garage to protect them is a must.
     

  • In urban areas, street parking puts your car at risk, and let's be honest, a nightmare to find a park at busy times!
     

  • They are great for some extra storage and for having a clutter-free home.
     

  • It's a hobbyist's dream! Jet skis, caravans, boats, whatever your hobby, a garage will look after them
     

  • You could put a fridge and a couch and have an extra living space. 

Whatever your reason for needing a garage, knowing that it has the potential to add significant value to your property will certainly help in making that all-important decision to start building your dream garage.

 

If you already have a Garage on your property and are looking at selling, you must make the garage look as presentable as possible to prospective buyers. Here are some tips for keeping your garage organised and tidy:
 

  1. Make a plan: Take inventory of everything you have in your garage and decide what you want to keep, donate, or throw away. This will help you determine how much storage space you need and how best to utilise the space you have.
     

  2. Invest in storage solutions: Consider purchasing storage bins, shelves, and racks to help keep things organised and off the ground. This will make the garage seem even more spacious.
     

  3. Group similar items together: Assign a designated spot for each type of item and try to keep like items together. For example, you could have a shelf for car supplies, a sports equipment bin, and a bike rack.
     

  4. Use labels: Labelling your storage containers will help you quickly find what you're looking for and will make it easier to put things away when you're finished using them and create a clean, clear space.
     

  5. Set aside time for regular cleaning and organisation: Set aside time each week or month to tidy up your garage and put things back in their designated spot. This will help you maintain an organised space and prevent clutter from accumulating if it takes a while for your property to sell.

Look after your garage and it will look after you! Thanks for reading.

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