The United States of America is more heavily populated than every nation on planet Earth with the exception of India and China. With more than 320 Americans residing within the borders of Hawaii, Alaska, and the contiguous United States wedged between the Pacific and Atlantic Oceans, there are plenty of houses for United States citizens to reside in. According to recent information released by the United States Census Bureau, there are approximately 125,820,000 functioning households in America.
Are garages really that popular in the United States?
The Census is undoubtedly the most official source to consult for information related to Americans’ living habits, consumer preferences, and what types of assets families own. The United States Census Bureau has undoubtedly been this article’s best friend thus far, having calculated that slightly more than eighty percent of homes have garages or carports, the latter of which are garages without any walls erected.
What’s so special about garages? You can park your car in them, what else?
A large number of garages are not in good shape: they’ve got oil, gasoline, and other automotive fluids splashed all over garage floors; many host pests like mice, rats, spiders, and other unwelcomed guests[; and often don’t have very much room to be comfortable in.
Unarguably the most significant benefit of converting your garage into a place to relax, sleep, or rent is its lack of additional costs to build or convert.
Let’s compare costs of achieving several outcomes with and without garages
According to Home Advisor, adding on just one room onto one’s house costs a whopping $41,749, per information taken from 2017 add-ons in the United States. Even if you play adding on a room to your home, it’s going to run a minimum of $21,003, referencing the lower bound from Home Advisor’s statistics.
Assuming the above is a general purpose room for yourself or family members, it’s not necessary to install the market’s most popular tools and features. This makes it cheaper and lightens the load of how much time is spent towards remodeling your garage.
Now, let’s dig into how much money you could save by working from home in your garage. Not every person is fortunate enough to be offered the opportunity of working from remote locations. However, if you ever find yourself with an offer to work from home, you’re comfortable doing so, and – most importantly – own an already-set-up garage, don’t hesitate to accept that offer.
If you run an online-based business, you need not worry about its physical appearance. You won’t have to purchase nice clothes, dry clean them, repair them if worn too thoroughly, and so forth.
Don’t forget rent prices, too
In the United States of America, the median monthly price of rent was an alarming $1,478 in 2016 – and that’s an unfurnished apartment.
The above statistic doesn’t include water bills, utility payments, television and Internet, natural gas, or any other commodity or household staple.
If you live in an attached or detached garage, you’re able to benefit from sharing utilities, water, and other bills renters and homeowners typically have to pay themselves. Many television providers require a down payment to rent their satellites or channel-changing “boxes – for lack of a more appropriate terminology – as do utility, water, and natural gas agencies.
Moving into your garage and allowing someone to rent the non-garage portions of your home? You’re able to collect down payments from that newfound renter, helping protect against losses if they don’t pay an equal portion of the bill.
So, where are these tips for actually converting your garage into something meaningful, useful, and potentially profitable for your personal?
Look no further.
Insulate, insulate, insulate! Garages are notoriously bad at maintaining temperatures, often changing rapidly based on environmental conditions. It’s important to place sufficient insulation around windows and any other surface that’s bound to conduct cold. If you can, replace the old garage door with the insulating one, it will go a long way in reducing the bills.
Move away from your garage’s outdated industrial-quality floors. Nobody feels warm or welcomed after walking over a hard concrete floor. Fortunately for you, because these floors are traditionally extremely smooth, placing interlocking wood planks, tile, and linoleum couldn’t be any easier.
Make certain the temperature is comfortable in your garage, as they’re typically made without central heating and air, or even small window units. It might be necessary to run central heating and air ducts from the attached hose to the garage. However, the most cost-effective means of air conditioning is through first insulating, then investing in quality air conditioning wall units, but only if connecting to central air isn’t possible.
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