Converting your garage can be a big financial commitment, but achievable with good planning. Start by defining what you want from the project and research costs to get a clear budget. Consider how to get the best return on your investment and weigh the benefits of DIY versus hiring professional builder. We’ll guide you through these steps to help you plan and budget effectively for your garage remodel.
Popular Garage Conversion Ideas
In the past 5 years, garage conversions have really taken off, and have evolved to accommodate a range of lifestyle needs. Garages are no longer just for parking cars or storing items. They’re being transformed into functional spaces such as home offices, gyms, workshops, and additional living spaces.
The garage conversion boom is driven by a need to build an additional space to accommodate growing families, lifestyle and career changes and increased property value. The once neglected garage is now being recognised as a vital and affordable extension to the home.
Breakdown of Garage Conversion Costs
Understanding potential costs is key to successful planning and hiring a builder. Garage conversions tend to range from £5,000 to £15,000, depending on the extent of the renovation and the condition of the existing garage.
Cosmetic updates, such as new paint, lights and improved storage solutions, can cost between £3,000 and £5,000. More ambitious garage conversions into a living space or home office, typically range from £7,000 to £15,000. Costs can further escalate up to £40,000 for extensive transformations that include a new insulated raised floor, tiled roof and drainage.
It’s important to remember that labour often amounts to 40%-50% of total costs, materials typically comprise 30%-40%, and architect plans may account for 10%-15%, and any building inspections, and contingency funds constitute the remaining expenses.
Factors on Garage Conversion Costs
Several factors will affect the cost of converting your garage: A larger size double-garage will always cost more to convert than a regular single garage due to the extra materials and labour needed.
The type of materials and the complexity of the work will also impact the budget. For example, high-end finishes or adding features like a bathroom or shower will increase costs as you have to consider connection to a boiler, water supply and soil pipe. Legal requirements, such as local council planning permission and building inspections, will also add to the cost. It’s also important to account for unexpected issues that might come up during the project. To be prepared, consider setting aside an extra 5-10% of your total budget as a contingency fund.
Garage Conversion Return on Investment
Understanding the potential return on investment (ROI) for a garage conversion can help you make an informed decision about this kind of home improvement project. Converting your garage into a living space can significantly increase your property value (and rateable value). According to recent surveys, a typical garage conversion in the UK typically adds between 5 to 15 percent to the overall value of a home.
