Here’s the reasons why realtors prefer to sell homes with garages:
1 – Homes with a garage, attached or detached sell faster and for more money, usually $20-30,000 more.
2 – Curb appeal – a house with a garage looks cleaner and neater than a house with a driveway or parking pad. Once again, it’s easier to sell.
3 – Clutter storage – If you’ve lived in your house for 20-plus years you probably have a little too much stuff. Putting one piece of furniture in the garage from each of the main rooms makes the house look more spacious and – it’s easier to sell.
If there are several homes like yours for sale and none of them have a garage, here’s an idea. Instead of lowering the asking price on the house by $20,000, ask your realtor if building a new garage would help sell the property. Depending on city permits and your local renovation market, you could build a garage in two weeks and sell your house quickly.
Speak to your favourite Dominion Lending Centres mortgage professional about a Refinance plus Improvements mortgage to get that garage built.