HUH? What in the world are you asking? Is it true that a one car garage is bigger than half of a two car garage? Ummm...you can make a 1 car garage as big as you want. We just built a 3 car garage that's actually big enough to hold 6 cars...... more
Good answer Heath. I would also add to check with homeowners insurance. If you were to get water in the basement for anything other than the water heater coming apart, most insurance companies will not cover damage. Knowing the details will help you make decisions.
If you wanted to obtain financing for this project you may want to consider refinancing into a 203k loan. It's an excellent loan product that builds $35,000 for improvements into the loan ($8,000 more for energy efficient upgrades). Rates for 203k came in at 4.75% today for qualified buyers. I specialize in this loan at Phoenix Mortgage Corporation, and I'd be happy to give you more information if you'd like! Feel free to call me at 978-944-6671 or send me an e-mail at email@example.com