Off street parking with garage? What value does it add?

We bought our house and there is no off street parking at all. It’s a normal thing on this road and actually in this area. We also purchased the 2.6 acres directly next to our house and we are looking into putting in a driveway and 2 car garage but the driveway alone will cost around $7,000 and I was wondering what the addition of off street parking with a detached garage would possibly add to our property value and if these big expenses will be worth it for us to do or if we should just stick with a simple gravel driveway. Any thoughts?

  9 answers
  • Joanne Layton Woods Joanne Layton Woods on Feb 20, 2018
    Real Estate values are dependent on where you live. Parking spaces especially will be more valuable in bigger cities.

    That said, a garage will protect your vehicles from the elements, provide storage, and security.
  • Lisa S. Lisa S. on Feb 20, 2018
    I would add the garage, and the gravel driveway. At a future time consider the paved driveway. Concrete is much more expensive than black top.
  • My vote is spend the money for the garage. Gravel the driveway, or blacktop top it, less expensive. Check with your insurance carrier, cars that are garaged, the rates are cheaper. I am spoiled, I have never lived without a garage, even when I lived in apartments. Having a garage will make your property more desirable when you sell even if you do not recoup the entire cost, depending on how long you live there.
  • QBSF QBSF on Feb 20, 2018
    I don't know about PA real estate, but here in San Francisco where street parking is a nightmare, the resounding answer would be "hell yeah".
    If for no other reason, it protects your cars from the elements and also provides storage for all those things you don't want stored in the house, tools, paint, sports equipment ...
    It sounds like you have a large area of land to build on.
    I would suggest given the size of your lot, that you consider building larger than just a 2 car garage. Or, a 2 car width, but design it deep enough for ample storage or even a workshop.
    In my experience, there is no such thing as too much storage space.
    It's typically only a little more expensive to build larger from the beginning, but a lot more expensive to add space on later.
    Cut cost to make up for that, by doing a gravel driveway now. When finances have settled, you can always pave it later.
    Also, any reason you're thinking detached instead of attached?
    Attached is much more convenient in bad weather situations. . . more secure too.
    Good luck.

    • Ashley Lucas Ashley Lucas on Feb 20, 2018
      The way the house is set up attached isn’t an option unfortunately. We even thought of doing two stories two cars and a open space upstairs for a workshop or more storage Or we could even have it be our kid‘s Apartment type thing when he’s graduated from college in another year or two. We also thought of doing two cars with an attached carport. It’s actually in a suburb of Wheeling, WV. I’m not sure why it keeps saying that it is bridgeville, pa
  • Sus16179809 Sus16179809 on Feb 20, 2018
    It will greatly increase the value of your property, if your in a nice neighborhood But look at value of other properties in your neighborhood. If the other properties are run down and ill kept then it won’t increase your value all that much.
    • Ashley Lucas Ashley Lucas on Feb 20, 2018
      it’s a decently nice area for the most part to be honest. There is maybe one house that I would describe as run down and I would say just needs work done on the outside for the most part from the looks of the people who live there And from what we know about them. I just didn’t know if there was a definite way to input info or kinda estimate the additional value.
  • QBSF QBSF on Feb 20, 2018
    The two story idea with apartment upstairs is a great idea . . . especially for your son!
    Until then, it'll make a great space for storage or an office.
    For an office or apartment, for privacy reasons, maybe it's actually a good thing that it's not attached to the house.
    Sounds like you're on the way to a great project.
  • Deb K Deb K on Feb 20, 2018
    If anything, it would provide you with a practical place to park your vehicles, and of course a garage is awesome for doing work in and securing your vehicles. If you use gravel it should be easy enough to maintain, and I think it would add some good value to your home.
  • Sus16179809 Sus16179809 on Feb 20, 2018
    You might check with a real estate agent or with your banker for financial values that such construction might add to your property.
  • Paperdoll Paperdoll on Feb 21, 2018
    To me, it would add great value. I wouldn't even think of purchasing a house without one. Your cars will love you for it. Be sure to add a workbench area too.
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