Finishing a garage definitely adds some value to a home. But the question is: compared to the cost of finishing the garage, is the increase in value worth the trouble?

If all you want to do is to create a space that is both aesthetically pleasing and useful, then finishing an unfinished garage is totally worth it. It will make using your garage easier, more convenient, and less accident-prone. But if the reason for the garage finishing is to increase the value of your home, then finishing your garage by installing insulation, drywall, lighting systems, and a high end garage door, and then giving it an epoxy coat, will not be worth it. The cost of such an upgrade will not be worth the minimal return in value that it is bound to generate in the open market.

Here is what you should know about finished garages, why you should consider finishing yours, and whether they add value to a home.

What is a finished garage?

A finished garage is a garage that is painted, drywalled, well-lit, and in some cases, even insulated. It can also have built-in storage spaces, a resurfaced floor, and textured walls.

And while it may not have all of these features, two things that it does not have are exposed beams and rough flooring.

It is generally attractive, and can sometimes be converted into an entertainment spot or a liveable space.

What is a finished garage

Cost to finish a garage

The cost of finishing a garage depends on the size of the garage and the type of finishing that a homeowner opts to install.

Cost of finishing garage walls

Most homeowners finish their garage walls by either installing plywood or drywall. Here are the comparative costs of these two popular garage finishing materials.

DrywallPlywood
Cost per square feet $2$1
One-car garage (14’ x 22’)$1,056 - 3,168$495 - $1,386
Two-car garage (24’ x 22’)$1,400 - $4,200$792 - $2,376
Three-car garage (34’ x 22’)$1,700 - $5,100$1,122 - $3,366

Other finishing costs

Here is a breakdown of what it typically costs homeowners to finish home garages.

Cost in $
The average cost of finishing a garage $6,476 - $10,582
Cost of painting a garage (per square foot)$0.31
Cost of installing drywall in a garage $1,200 - $5,100
Cost of insulating a garage (per square footage)$0.50 - $1.25
Cost of installing electrical components $1,000 - $2,500

How much value will finishing a garage add?

Does a finished garage add value to a home?

No, a finished garage does not generally add any appraisal value to a home. It may make the garage more comfortable and safer. It will even increase the storage capacity of the garage. But it won’t increase the home’s resale value.

However, most real estate agents recommend finishing a garage in cases where one is targeting a specific type of home buyer.

In cases where one has a high-end home, and where they are targeting clients with car collections or who don’t mind spending extra money for space and convenience, finishing a garage can add value.

In fact, it is estimated that for the right buyer, the “WOW” factor that a finished garage adds to a home can increase the value of the home by up to over $10,000.

Why should you finish an unfinished garage?

When you consider the fact that the cost of completely finishing an unfinished garage can easily exceed $10,000, finishing a garage primarily because you want to increase the value of your property is not worth it. This is because finished garages rarely move the needle as far as increasing property values is concerned.

However, this does not mean that a finished garage can’t be worth the effort or money. The following are the reasons why it makes absolute sense to have a finished garage.

 

To increase the storage capacity of your garage

Creating storage lofts, pegboard panels, tool caddies, and cabinets is a key component of finishing an unfinished garage. Therefore, if you need your garage to be able to accommodate more items and equipment, you should consider finishing it. Doing so will make it more useful.

 

To make an unfinished garage safer

Proper lighting is a hallmark of a finished garage. Finished garages also tend to have strategically installed storage fixtures and spaces that make organizing easier. As a result, such garages tend to be generally safer than unfinished garages.

Therefore, if you want to prevent injuries and accidental property damage in your garage, you should consider finishing it.

 

To match the aesthetic of your home

You should finish your garage because it completes your home. It ensures that it matches your home’s decor, guaranteeing better continuity in terms of looks.

 

To create a hobby and entertainment area

A garage renovation can provide you with an opportunity to create a hobby or entertainment area in your home.

With proper lighting, better organization, appropriate electrification, and adequate air conditioning, an unfinished garage can be transformed into a working hobby and entertainment spot.

You can then use any extra space in the finished garage as a home movie theater. You can also use any extra usable space in the garage for your workouts. And if you have a collection of luxury or vintage cars, your garage can become a showroom.

Does converting a garage or finishing a garage add more value?

Finishing a garage adds more value than converting a garage.

In fact, in some cases, a converted garage can reduce the value of your property. This is because when you convert your garage, you are essentially leaving your property without a garage.

This, in addition to the fact that the location of the extra living space can be a little awkward and inconvenient — in the case of a converted garage –, can make your home less attractive to potential buyers.

Therefore, if you are planning on selling your home, finishing your garage is probably a better financial bet than converting the garage. While converting it may create an extra bedroom in your home, it can end up hurting your home’s property value.

How do you finish an unfinished garage?

A finished garage has adequate storage space, proper lighting, finished floors, painted walls and ceilings, and sufficient insulation. The following are the different ways in which you can transform an unfinished garage into a finished garage.

How do you finish an unfinished garage

Storage space

A common feature of a finished garage is adequate, convenient, and organized storage. This feature allows the garage to appear neat and better organized than the average garage. It also creates more space in the garage.

Adequate storage doesn’t just make it easier to organize a garage. It also makes the garage safer to use. Therefore, adding extra storage space to your garage is an excellent finishing idea.

As far as the type of storage space that you want to create, it will all depend on your taste and your budget. You can install counters, drawers, basic shelving, workshops, or hobby tables. You can also settle on easy-to-remove stand-alone cabinets.

Essentially, you can create more space in an existing garage, and create a finished garage look, by:

  • Installing wall-mounted tire racks
  • Installing garage shelves
  • Installing wall hooks
  • Covering your garage walls with Slatwall panels
  • Adding cabinets to your garage

Garage floor

A garage floor needs to be tough enough to withstand the constant abuse of getting parked on. Therefore, whichever finishing that you are going to use has to be not only attractive, but also extremely durable.

When it comes to turning unfinished garages into finished garages, you have two main options as far as their floors are concerned. You can either coat them or cover them.

Coating

You can coat the floor of your garage door by painting it. You can also apply an epoxy finish on the floor.

 

Paint. If you have plain concrete floors, you can boost their aesthetic appeal by painting them. Painting them can also transform them from slippery floors to anti-slip floors, something that will definitely make your garage safer to use.

As far as painting is concerned, the two main options that you will have at your disposal will be either oil-based paints or latex paints.

Opting for paints that have been specifically designed for use on garage concrete floors, and which have a satin finish, is always advisable as these paints are generally more durable and less slippery.

 

Epoxy. While epoxy coatings tend to be less affordable than garage paints, they are tougher and generally more durable. This is because, unlike paints, epoxy coatings don’t harden through evaporation.

They harden when their resins and hardeners react. This reaction usually leaves a hard, attractive, and durable coating that helps to protect the floor from scratching and peeling.

Covering

You can also choose to finish your floors by covering them. If you decide to do so, you should opt for either one of the following options.

Floor mats. Floor mats are easy-to-install garage floor coverings that are perfect for people who are looking for a quick solution.

They come in different patterns and textures. They are also made from different materials, with most of them being made from polyvinyl plastic or rubber. And while they are not a permanent solution for finishing a garage, they typically have enough resilience to withstand the rigors of garage use.

 

Floor tiles. Instead of using floor mats, you can opt for durable garage floor tiles. They are great especially in cases where the existing concrete floor is in bad shape since they are really good at leveling out any existing blemishes.

Garage floor tiles tend to be tougher than regular tiles. This is because they are designed to handle the weight of vehicles and heavy equipment. And they are typically made of wood composites, polypropylene plastic, and rubber.

Garage walls

Finishing garage walls is an easy way of not only making a garage aesthetically pleasing, but also improving its functionality.

Here are the ways through which you can finish your walls.

Covering the garage walls

Covering garage walls makes most garages attractive to potential buyers. And while it does not have a direct impact in terms of increasing property value, it usually increases the odds of homes with finished garages being chosen.

Covering garage walls with drywall is a cost-effective