Metal buildings are increasing in popularity lately and for many good reasons. It is highly functional, very durable, and – with the right design – can be aesthetically pleasing. Homeowners use it for residential purposes or as an addition to their existing property.
Indeed, you can use metal buildings for a wide variety of projects both in residential and commercial industries. Steel is modern yet simple and allows any project to look unique and professional as compared to the usual architectural designs.
Steel, compared to wood, is environment-friendly. Wood decay after a while, but not with steel.
Steel building garage
Another structure you can build using steel is a building garage. One thing homeowners are concerned about when building a metal building garage is, will it increase or decrease the value of their property?
It may interest you to know that metal buildings do increase the value of your property. You do not have to build a brand new house to have a steel building; you can add to an existing one which will add value to it as well.
The numbers
Florida State University had a recent study on real estate and they found that having a regular-sized garage increases a property’s value by 13%.
Most property experts say that putting up a steel garage can substantially add value to your home by more or less $30,000 for a two-vehicle attached or detached garage. A single-vehicle attached or detached garage can add from $15,000 to $20,000. This depends on your market.
It is also worth noting that most real estate investors require a garage or at least a room for one whenever they buy a house.
But whether you are a real estate investor or not, it is always worth building a metal garage as an investment simply because it will bring in twice or thrice the return on investment.
You do not need an enormous and luxurious garage, just one that is clean, and with enough space inside will do.
Attached or detached?
An attached garage can be a relatively more challenging project to carry out, although not insurmountable.
When constructing an attached garage, you have to look at the present design, including how the new space will fit in with the rest of the home.
On the other hand, a detached garage can have a life on its own so to speak and still pair well with your existing structure.
You do not need to worry about which type of garage would bring more added value to your property, as the same study by FSU revealed that both will have the same effect on your home.
Why metal garages add value
Adding a garage attracts investors because it boosts functionality to the property by giving you a safe space to park vehicles and store belongings.
As a homeowner, you are doubtless aware that the most common way to raise your home value is to add square footage.
Building a metal garage provides your property an effective yet simple bump in square footage, adding to its value.
