Home Selling in 95662>Question Details

Trish, Home Buyer in 95662

How much is a garage worth when getting appraisal? I have a 2 car carport. But, also have RV access on both sides of house.

Asked by Trish, 95662 Fri Sep 3, 2010

Help the community by answering this question:

Answers

6
Jay Emerson’s answer
That depends on the appraiser and the comps used. If the 3 other comps each have a 2-car carport, there's no value difference. I've seen a $10,000 difference on some appraisals where a 2-car garage is compared to no garage.
0 votes Thank Flag Link Fri Sep 3, 2010
Like the other answers, I agree that it can be all over the board, depending on the appraiser and the neighborhood. That being said, most often I've seen a 2-car garage valued at about $12k-$15k more often than not.
0 votes Thank Flag Link Mon Nov 15, 2010
Unfortunately, it depends on the appraisers process. There are no set standards. Your home will be compared against others. If they do not have similar features your property price will go up comparatively...
0 votes Thank Flag Link Tue Sep 7, 2010
An appraiser is going to compare many other aspects of your home, such as you mentioned, RV access or square footage, parcel size, condition of home and upgrades, so even if you don't have a garage, you may have other things to compare with homes in your neighborhood. If you are considering refinancing and trying to increase the value of your home, try and improve what you do have! Could your home use a new paint job, roof, landscaping, kitchen or bath remodel?? If you're considering selling in the future, call an agent in your area, and they will be glad to give you some tips to prepare to sell and get the highest price for your property in this economy.
0 votes Thank Flag Link Tue Sep 7, 2010
The answer is, an appraiser can tell you. When we do broker price opinions on a property, we look for "like kind" homes. We would try to match your property with others that have carports. If none are available in a near proximity, we would make an allowance for the difference by finding houses with garages and looking at the sold price/active listing price and determine a value. It's good that you have RV access on both sides. That means that you may have a larger than average lot and that will work in your favor. You don't have to put a garage on to improve the chances of selling, but it may decrease the selling price a bit.

Best of luck to you,

Krista Johnson, GRI, SFR
916-300-2947
0 votes Thank Flag Link Tue Sep 7, 2010
Hi Trish,

The appraised value of a 2 car garage (vs. no garage) could depend on the neighborhood, the value of the home and the materials used to build it. If it's a custom home, with more expensive materials, in an area of nicer custom homes, the appraiser would take this into consideration. Also, different appraiser's will give different values.

With building cost down due to the recession, you could probably get a contractor to build a two-car structure (around 380 square feet,) for about $35 to $45 a square foot or for $13,300 to $17,100.
If it's a larger 2 car garage with plenty of room for two vehicles with easy in and out access, plus some extra work space, lighting, and storage, the size could grow to 800-850 square feet, at $29,000 to $38,000 or more. If someone is doing custom building with quality materials the cost to build it could rise to $55 a square foot, or $21,000 for a two-car garage and up to $45,000 for the larger version. These are of course for "new builds", and the appraiser would probably be comparing homes of a similar age to the one without the garage.

On an appraisal, if the house was a fixer, with inexpensive materials, that would effect the value of the garage. I have heard an older (non custom) garage might appraise at around $10,000, compared to no garage. Maybe less. If it's on a more expensive, custom home in a good neighborhood, who knows, maybe $15,000 - $20,000? There are a lot of variables.

Orangevale is so diverse. There are newer homes near older homes. Large estates are being built on those large lots. It's a nice place to live.
0 votes Thank Flag Link Sun Sep 5, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer