ROI detached garage
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URL: http://www.CorrectCraftFan.com/forum/forum_posts.asp?TID=36205
Printed Date: January-22-2025 at 3:10pm
Topic: ROI detached garage
Posted By: Swatkinz
Subject: ROI detached garage
Date Posted: June-01-2015 at 5:31pm
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I bought a new to me house and it's great except that it doesn't have alot of outside storage and nowhere to store a boat or any other type of toy. I'm thinking of building a detached garage approximately 20x30 that will match the house aesthetically. it will need a large roll up door on the front (think tower) plus a man door and then a man door on the side near the rear somewhere. Construction will be brick. not planning to finish the inside. Thinking of rough plumbing for a stand up shower and toilet later down the road. Probably a couple of windows on each side. It will need to be wired of course. What would you guess it would cost to build this structure? I realize this is regional, but I'm thinking $60/sf would do it. What is the ROI for something like this? When I sell 5, 10, 30 years down the road, will I recoup my investment? House can be seen in the link below. So you can see what kind of aesthetic I'll be trying to match. https://www.google.com/maps/@34.023782,-81.261213,3a,75y,127.3h,90t/data=!3m4!1e1!3m2!1sBuy0KY8zb0Yo7pw9DVvu4Q!2e0 ------------- Steve 2011 Sport/Air 200 Excalibur 343 2017 Boatmate Tandem Axle Trailer Former CC owner (77, 80, 95, 88, all SNs) Former Malibu owner (07, 09) |
Replies:
Posted By: quinner
Date Posted: June-01-2015 at 5:44pm
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Match the siding on the second floor gable and skip the brick, if you really want brick only do the street side. This will save brick masonry and foundation costs. 8' high garage door should be more then enough for any tower boat unless your plans are for a "G" boat or backing in tower up. Septic or sewer?? Tying in new waste lines could be costly. |
Posted By: a0128
Date Posted: June-01-2015 at 5:51pm
I think that depends on a number of factors, one of which is buyer preference. Some buyers may love having a building of that size for their boats, toys or whatever. Others may look at it as an non-essential building that detracts from the overall site. Will it be located behind the house so you don't see it from the road? Looking at the Google street image I don't see any neighbors with similar buildings, although some have pools. Being relatively close to the water I am assuming you have a significant boating population in the area. Have you thought about contacting a realtor and getting their feedback? |
Swatkinz wrote:Posted By: Swatkinz
Date Posted: June-01-2015 at 5:53pm
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Neighborhood covenants will require total brick. I'd rather have a tall enough door so that I can put a boat in with tower up. No G boat. Something like a 206, Sport or similar. Sewage is septic, water is county. ------------- Steve 2011 Sport/Air 200 Excalibur 343 2017 Boatmate Tandem Axle Trailer Former CC owner (77, 80, 95, 88, all SNs) Former Malibu owner (07, 09) |
Posted By: C-Bass
Date Posted: June-01-2015 at 5:54pm
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Obviously it's a different region, but I'd say your $60/sqft is a bit high depending on what you might do yourself. At least in my area (southern IN), I was closer to $35/sf. I didn't do a whole lot of the work myself, just the excavating, wiring & insulation. Mine is a 32x36 with 9'x8' and 16'x8' OH doors and attic trusses which provide a 12' x 32' room upstairs (unfinished). Ours is brick on 3 sides to match the house, but I don't have any plumbing. ------------- Craig 67 SN 73 SN http://www.correctcraftfan.com/diaries/details.asp?ID=6103" rel="nofollow - 99 Sport 85SN |
Posted By: Swatkinz
Date Posted: June-01-2015 at 5:55pm
Building would be located at the end of the driveway. It will be seen from the street so it's going to have to look right. significant boating population here so I could see the appeal to some, but certainly not all, potential future buyers. ------------- Steve 2011 Sport/Air 200 Excalibur 343 2017 Boatmate Tandem Axle Trailer Former CC owner (77, 80, 95, 88, all SNs) Former Malibu owner (07, 09) |
Posted By: a0128
Date Posted: June-01-2015 at 5:58pm
| Well good luck whatever you do. I would LOVE to have an outbuilding like that next to my house. |
Posted By: 8122pbrainard
Date Posted: June-01-2015 at 7:37pm
Steve, This may be an issue depending on how your local codes determine septic and field size. Adding the plumbing in the garage could kick the size required up. ------------- /diaries/details.asp?ID=1622" rel="nofollow - 54 Atom /diaries/details.asp?ID=2179" rel="nofollow - 77 Tique 64 X55 Dunphy Keep it original, Pete < |
Posted By: Swatkinz
Date Posted: June-01-2015 at 7:39pm
CBass, you built on a concrete slab? What was the biggest cost involved? Brick? Framing? What would you do differently? I've always had some sort of outside storage and have gotten alot of utility out of what I've had in the past if nothing more than a place to escape the estrogen. I really want to do this, but I don't want to throw money away either. ------------- Steve 2011 Sport/Air 200 Excalibur 343 2017 Boatmate Tandem Axle Trailer Former CC owner (77, 80, 95, 88, all SNs) Former Malibu owner (07, 09) |
Posted By: TRBenj
Date Posted: June-01-2015 at 7:53pm
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If your house has no garage currently, then adding one might provide a reasonable ROI. And by that, I mean you'll recoup SOME of your money back- but almost certainly not all. How much probably will be determined by your neighborhood and similar houses (do they all have garages already?). If you already have a garage and are talking about adding another, I'd be willing to bet that it would not provide any return at all. I think it could just as easily be seen by a potential buyer as a negative (extra upkeep, taxes) as a positive. Unless, again, it is somewhat the norm in your area to have one on your property. When I build my garage majal, it will be because I want it, and can justify the expense based on my personal use... Which means I won't plan on selling anytime soon! It seems they offer basically zero ROI, unfortunately. At least around here. |
Posted By: Swatkinz
Date Posted: June-01-2015 at 7:54pm
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There's already a 2 car attached garage. ------------- Steve 2011 Sport/Air 200 Excalibur 343 2017 Boatmate Tandem Axle Trailer Former CC owner (77, 80, 95, 88, all SNs) Former Malibu owner (07, 09) |
Posted By: JDD33
Date Posted: June-01-2015 at 7:56pm
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Up our way, septic size is determined by the number of bedrooms in the house. 3,4,5,1, this allows the engineer to calculate the water use for the system. You could have a 3 bedroom house and 1 bathroom, or a 3 bedroom house and 6 bathrooms, the size of the system would be the same. So installing a bathroom in the detached garage wouldn't require the system to be changed due to the fact that you wouldn't be adding bedrooms. Now if you buy a boat or 2 that your wife doesn't know about and you have to sleep In the boat in the garage...... That might be a different situation!  ------------- Old school goin back to school! |
Posted By: SNobsessed
Date Posted: June-02-2015 at 10:14am
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For ROI, compare against what it would cost to rent a stall somewhere, then factor in convenience & man cave satisfaction. Are there any dry stack storage places nearby? If you build it, put in O/H beam for hoist. ------------- “Beer is proof that God loves us and wants us to be happy.” Ben Franklin |
Posted By: JoeinNY
Date Posted: June-02-2015 at 10:57am
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Tim’s advice holds true in my region as well – anything over a two car garage only adds value to a limited set of buyers and they know it so they don’t go bidding up the property they just wait for another one. The flip side in the heavily property taxed states is that they do effect assessments enough to hurt. I have a 60-80k barn in my 5 year plan, around here I expect that to increase my property /school taxes by 2-3k a year. Luckily I plan to live on this property forever because I would never get back 25% of the investment when I sold, I would be lucky to cover the taxes. ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1477 - 1983 Ski Nautique 2001 1967 Mustang 302 "Decoy" http://www.youtube.com/watch?v=cO5MkcBXBBs - Holeshot Video |
Posted By: C-Bass
Date Posted: June-02-2015 at 12:04pm
Mine was on a slab yes. I don't have the exact cost and % breakdown handy but could get it to you if you were interested. As a rough estimate I would say the framing/roofing materials & labor was about 35%, concrete work was about 25%, brick & labor was about 25%. The other 15% would be the Drywall (hired), electrical, insulation, etc. If I did anything different I would add some basic plumbing (wash sink), or at least a hydrant inside. Other than that, I'm real happy with it. As far as ROI, I don't expect much. There already is a 2-1/2 car attached garage so there aren't a lot of people who use more than that, or at least willing to pay more for additional space. I would say less than 25% return when you're looking at doing a matching style garage in an addition like yours. ------------- Craig 67 SN 73 SN http://www.correctcraftfan.com/diaries/details.asp?ID=6103" rel="nofollow - 99 Sport 85SN |
Posted By: Riley
Date Posted: June-02-2015 at 12:09pm
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Typically, the best you're going to do is be able to get your money back. Ask the real estate agent you bought the house through if they can find any homes in your market that sold with additional garages and if there have been, take a look at them and try to determine how much if any value they added to the sale price. The higher the price range that your house is in, the more you're likely to get back, but it is certainly possible that they won't add any value. Most of the time anyone makes an over improvement to their property, they do it with the intention of being there forever. |
Posted By: Bakchose
Date Posted: June-02-2015 at 12:49pm
| Is the 20X30 set in stone? Does your zoning allow you to go longer? The reason I ask is I grew up with a 30X30 garage. We put a triumph spitfire sideways in the back with a snowmobile up against it. Then I could back my Caddy in and still have room to walk in front and behind the Caddy. If it was 4ft longer we could have easily put my brother's Satellite behind the Caddy and the spitfire sideways behind the Satellite. I personally would forego the height to be able to keep a tower up and ad 4ft in length. Then you could buy a mustang or ski tique and put it sideways at the back.. |
Posted By: quinner
Date Posted: June-02-2015 at 3:11pm
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How do the covenants read exactly? Your neighbors house is not brick, areas of your façade is not brick, if it only states like material perhaps you could just use similar siding, around here that would save quite a bit of money over doing all masonry. You will need to trench power over from your existing house panel, assuming you have some open circuit(s), so water supply could likely run adjacent to the power, waste will depend on where your existing waste lines and septic tank are, pitch from garage, etc., could get costly and not be worth it. As far as the door height, if the boat will only go in/out of the garage a handful of times each season it probably is not worth having to go with such a tall door, 8' high would be fine. Folding the tower on my 206 is quite simple however the bimini needs to come down to fold it, about a 5 min job at most. |
Posted By: Gary S
Date Posted: June-02-2015 at 7:08pm
Cutting down trees so you don't crash into them can be cost prohibitive or not allowed either  ------------- http://www.correctcraftfan.com/diaries/details.asp?ID=1711&sort=&pagenum=1&yrstart=1966&yrend=1970" rel="nofollow - 69 Mustang HM SS 95 Nautique Super Sport |
Posted By: peter1234
Date Posted: June-02-2015 at 7:29pm
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nothing looks more awkward than a too tall garage doors with an avg size building i would keep things in porportion first and foremost ------------- former skylark owner now a formula but I cant let this place go |
Posted By: DayTony
Date Posted: June-03-2015 at 3:43am
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I have a large garage planned for the future also, I have too many tractors and boats. i hate leaving parked outside. But my cost to build, even using the cheapest trusses I could find and wiring everything myself I would never get back what i put into it if compared to spending 50K on a bathroom or finishing my basement, etc. So I am putting an addition on my shed this summer for the time being for some tractor storage and outdoor equipment. But the boats are going to continue to live on the trailers under a pop tent or shrink wrap till i can justify another building. I also have a two car attached garage like you do so it really makes no sense in most peoples minds to build another building on the property. My only suggestion is to make it a drive through style. Ive always liked that much better than a garage with one door in the front. My plans are for a pretty large garage because i want to be able to fit a 40' boat inside the door. but thats going to be another project in itself. Good luck post pictures when you start. ------------- 1988 Barefoot nautique-454 |
Posted By: NCH20SKIER
Date Posted: June-03-2015 at 9:01am
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Steve I built a 24 x 28 detached that has 9' ceilings and a steel beam to carry the second floor (storage) - the beam was added purely for the benefit of hoisting capabilities. I completed the foundation, framing and finish paint. I have just under 20k invested, last year I toyed with the idea of putting the house on the market and was told the garage would add 12-15k onto the house price. I can try to dig up some pictures if you like and still have a copy of the plans,. Construction was: Footings, masonry stub walls with brick veneer, 2x4 walls, 8/12 pitch roof, vinyl siding to match the house - oh yeah it has a 1k cupola and weather vane to for the New England Yankee in me. ------------- '05 206 Limited '88 BFN |
Posted By: turningpoint84
Date Posted: June-03-2015 at 9:54am
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FYI, I'm building a 22x25 and just got 2 quotes to pour the foundation for $4600 and $5250. (Includes tear out of old foundation, setting the new further back, and material) I'm in Cincinnati. I'm going with Hardiebacker siding 18ft garage door and just electric. I'll build the entire thing myself. permit was $490, Drawings from architect was $1000 and Survey was $600. All of this I had to have done since I live 0.14 acres in the city. ------------- Proud 1968 mustang owner and now http://www.correctcraftfan.com/diaries/details.asp?ID=6454&sort=&pagenum1" rel="nofollow - 1970 Mustang |
Posted By: Swatkinz
Date Posted: June-03-2015 at 10:12am
Most of the neighbor homes are mostly brick. Any plan would need approval so brick, vinyl or a combination would need to be reviewed. Setpic is downhill from this site so I think I'd be okay there. I'd really like to go tall enough to leave tower erected. The boat would be stored exclusively in this building so it'd come out of the building to go to the lake for day boating and then be returned to the building after the lake. ------------- Steve 2011 Sport/Air 200 Excalibur 343 2017 Boatmate Tandem Axle Trailer Former CC owner (77, 80, 95, 88, all SNs) Former Malibu owner (07, 09) |
Posted By: Swatkinz
Date Posted: June-03-2015 at 10:13am
no trees would need to be cut ------------- Steve 2011 Sport/Air 200 Excalibur 343 2017 Boatmate Tandem Axle Trailer Former CC owner (77, 80, 95, 88, all SNs) Former Malibu owner (07, 09) |
Posted By: Swatkinz
Date Posted: June-03-2015 at 10:16am
Greg, Is the 28' plenty deep to get the boat (206) and trailer in w/o hassle? Do you have room to walk around the front of the boat and rear? What garage door height? I'd love to see some photos. ------------- Steve 2011 Sport/Air 200 Excalibur 343 2017 Boatmate Tandem Axle Trailer Former CC owner (77, 80, 95, 88, all SNs) Former Malibu owner (07, 09) |
Posted By: 74Wind
Date Posted: June-03-2015 at 10:46am
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Seems like a whole lot of money to store a boat in South Carolina, a roof is nice but do you really need walls? An attractively built carport on a slab would be a fraction of the price, and serve the purpose well. Pull the boat out, and you also have a nice pavilion for parties. ------------- 1974 Southwind 18 1975 Century Mark II |
Posted By: 74Wind
Date Posted: June-03-2015 at 11:01am
good idea, love my dry stack setup, but dry stacks and towers typically don't mix, unless you can get the top rack and that's usually an upcharge. ------------- 1974 Southwind 18 1975 Century Mark II |
Posted By: Keuka
Date Posted: June-04-2015 at 4:09pm
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I built 24x32. My Martinique on the trailer is about 28' including tongue and swim platform. I used 10x9 doors to accommodate the height. My inside height is about 11.5'. CQ is the authority here but keeping in character of the house will help hold your value. My house is old and Victorian in style. I used attic trusses that are 12/12 pitched and hardiplank to match the wood siding on the house. It has the appearance of a carriage house that might have been built in 1903. I've got about 30K invested and that was doing all the electric myself. If you are planning a move sooner than later, you would probably be better off waiting and building at the next house. ------------- 86 Martinique |
Posted By: peter1234
Date Posted: June-04-2015 at 9:13pm
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^^^^^ good advice ------------- former skylark owner now a formula but I cant let this place go |
Posted By: NCH20SKIER
Date Posted: June-07-2015 at 7:06pm
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For some reason I can only post a single picture per reply 24 x 28 http://s934.photobucket.com/user/inboardfan/media/4E7CBEFC-FE08-4597-9CA7-AC71AC02A225_zpsardcorco.jpg.html" rel="nofollow">  [/IMG]------------- '05 206 Limited '88 BFN |
Posted By: NCH20SKIER
Date Posted: June-07-2015 at 7:07pm
http://s934.photobucket.com/user/inboardfan/media/65DCBE84-8826-4F03-ABE2-BDDD9D51B4C4_zpsiaajnudu.jpg.html" rel="nofollow"> [/IMG]------------- '05 206 Limited '88 BFN |
Posted By: NCH20SKIER
Date Posted: June-07-2015 at 7:08pm
http://s934.photobucket.com/user/inboardfan/media/F1FB3E41-6B26-45AC-9261-6D5E5F7C5E7C_zpsouy2jjys.jpg.html" rel="nofollow"> [/IMG]------------- '05 206 Limited '88 BFN |
Posted By: Swatkinz
Date Posted: June-08-2015 at 11:56am
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Greg, this is where the 206 lives, yes? How much walk around room do you have with the boat in there and the door closed? ------------- Steve 2011 Sport/Air 200 Excalibur 343 2017 Boatmate Tandem Axle Trailer Former CC owner (77, 80, 95, 88, all SNs) Former Malibu owner (07, 09) |