This is not that complicated. Here is how an appraiser would look at it...
Home Value / Garage Value (per car)
$60K - $80K / $1,500 to $3,000
$80K - $100K / $1,500 to $3,000
$100K - $120K / $2,500 to $5,000
$120K - $150K / $2,500 to $5,000
$150K - $200K / $2,500 to $5,000
$200K - $300K / $3,500 to $7,000
$300K - $500K / $5,000 to $10,000
$500K+ / $7,500 to $15,000+
You can use these numbers as a guideline. For a home in an area where 4 car garages are typical, the higher range numbers would apply. For a home in an area where 4 car garages are NOT typical or expected, the lower range numbers would apply. Hope this helps.
If you need any additional info, please feel free to email or call.
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