Garages haven’t always been part of the American home. In fact, it wasn’t until Ford Motor Co. started mass-producing the Model T in 1913 that small detached sheds were built on properties that had enough land to protect these new inventions. In the 1980s, garages grew larger to keep in scale with emerging McMansions. Some were finished with heating, painted floors, windows, and storage. And in the most extreme cases, they were converted into living space, which meant cars again had to be copyright bettyjung.comparked elsewhere.

There are some HOAs that limit the number of cars you can park in your driveway. Some communities even have strict street parking rules, require permits, or limit parking hours. Sometimes permits are available free or at a reduced cost for residents. Checking those HOA rules and regulations are important when purchasing a home regarding parking issues when there is no garage.

How Much Do You Value A Garage?

Recently during their search for a home, my clients realized, after looking at many houses, that a garage was indeed important to them.  Originally it was not on their “wish” list.

In our Lake Oswego Real Estate Market, there are houses sometimes without a garage, some have carports, some have a single car garage, and many times the garage has been converted to additional living space.

Is There Room To Build A Garage?

In Lake Oswego recently, there was a home that did not have a garage that I showed to the clients mentioned above.  That house, during a busy real estate season, sat and did not sell.  There was room to add a garage and that was noted on the listing.  Eventually, and smart of the owner to do so, he added a home without a garage, even if the location, price, and everything else about the house meets their approval.

The Cost Of Adding A Garage

Garage prices vary according to the size, style, materials, foundation required, storage options, types of doors, and who does the work—an architect, design-build firm, or contractor. A “typical” 20-by-20-foot, two-car, detached garage with vinyl siding and shingle roof usually ranges between $20,000 and $38,000 according to NAR®.

How Much Of A Discount For No Garage?

How much of a discount is given to a house with no garage during a sale and by an appraiser? Again, according to the National Association of REALTORS® (NAR®),  the absence of a garage can decrease the appraised value by as much as 20 percent.  How much do you value a garage?

Thinking of Selling Your Lake Oswego Home?

Prices are still increasing in Lake Oswego. Interest rates are also increasing but are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

SEARCH FOR REAL ESTATE

There are links above to search for real estate.  I have a new website where you can search or you can use my mobile phone app as well. My website and mobile app provide you with access to all listings available on the RMLS™ system regardless of who the listing agent or brokerage may be. Listings are updated frequently throughout the day giving you the information you need, when you need it.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1978 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

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