I pretty much agree with everyone already, but I have a few additional thoughts.
If you know that you will eventually move to another home, then you must also think of what is more important to you - time on market or sales price. Since you have already accomplished major renovations, then it may be that a 2-car garage will put you over the average sold price per square foot .
But if most of the homes in your neighborhood have 2-car garages, then adding the extra garage space may very well result in a quicker sale for you, which allows you to move on with your next plan.
I always tell my sellers - and buyers - that there is more than a monetary value to most real estate transactions.
If you add the garage now and you enjoy the added space and comfort it gives you from now until you sell, then it has "earned" its perceived value to you. Of course, if it also devours your savings or throws your ratios off because of added debt, then the expense has little value.
Please research the market value of your neighborhood, determine your motivation, and come up with a long term plan that will offer you value in a number of positive ways.
Hopes this helps.
You have a great question. A 2 car garage is definiately preferred to a 1 car garage for most buyers; however, you must look at the cost analysis and added resale value in order to determine if this is worth your time and effort. Sometimes it's just better to move rather than devote the extra money and time needed to accomplish this addition. I would be happy to speak with you about your individual needs anytime. Please do not hesitate to contact us for assistance. We would love to speak with you and help if we can. Where in Hilliard are you located? Please call us at 614-777-7653 or e-mail me at email@example.com. Thanks. We look forward to hearing from you. Best wishes, Theresa Molina, CRS, ABR, ASP RE/MAX Achievers