Yes, your garage is great for storing extra stuff, but have you ever thought of converting it into a room? You can convert your garage into an office, extra bedroom, kids’ playroom, or even a man cave. Turning your garage into an apartment is a great idea too. The options are almost endless.
You might be wondering if turning your garage into a living space will add to the value of your home. The short answer is that it usually doesn’t. However, if you need more room, a garage renovation will be cheaper than adding a brand-new addition. The average cost of an addition is $46,480 as of 2021. The cost to convert your garage into a living space is a much more affordable option—anywhere from $10,000 to $15,000.
Let’s take a look at some garage conversion ideas and the garage conversion costs that you'll need to keep in mind as you design and budget for your renovation.
Cheap-And Not So Cheap-Ideas for Converting Your Garage
Maybe you already know exactly what type of garage conversion you have in mind. Perhaps you’re interested in converting your garage into living space, or maybe you want to convert the whole garage into a mother-in-law unit that you can rent out to generate some extra income. Or maybe you’re tinkering with the idea of turning your garage into a gym, a bedroom, or a home office. Dream big!
Whatever garage conversion ideas you have, remember that some types of garage conversions are less expensive than others. Let’s take a look.
Typically, the cheapest type of garage conversion will just involve blocking up the garage doors and finishing out the walls, floors, and ceiling with insulation, drywall, carpet, or other flooring material. Think of a bonus room, family room, playroom, game room, or man cave. Converting a garage into a bedroom costs less than, say, a full apartment with a bathroom.
What if you want to take your garage renovation up a notch? Any garage remodel that requires installing additional plumbing, data cables, or expensive fixtures will be more costly. A home gym may not be costly in terms of converting the garage itself, but filling it with exercise machines may drive up the price. Likewise, a home movie theater might be nice, but the chairs and projector screen are going to be pricey. Other expensive garage conversion ideas include converting the garage into an apartment for rent, a lounge with a full wet bar, an art studio, a music room, a billiard room, or a library.