Budget Approved! Here’s How Much it Costs to Build a Garage in 2023
If you’re looking for extra storage or a place to park your car, it’s time you consider building a garage. It is a great way to add value to your home and ensure a secure place to store your belongings. But, it can be hard to know where to start regarding budgeting.
Building a garage is an excellent option to add value to your property. In 2023, the average cost to build a garage is around $34,000. In this post, we’ll break down the costs, including what materials you need and how much you can expect to pay. We’ll also cover the types of garages, how much they typically cost, and what options you should consider when building your dream garage. By the end of this post, you’ll have all the information you need to budget for your new garage and ensure you’re getting the best value for your money.
Building a Garage Step-by-Step
The first step in building a garage is to plan and design it. The design should consider factors like size, orientation, and local laws. Once the design is complete, it’s time to gather supplies and materials such as lumber, concrete, insulation, roofing, and more. During this time, it is also essential to consider whether you need a permit from local authorities to start construction.
Next, it’s time to hire a contractor who will be in charge of overseeing the entire construction process. To ensure you get the most bang for your buck, be sure to shop around and interview several contractors before hiring one. Remember, the lowest bidder isn’t always the best choice – ensure you get at least three bids before deciding.
The garage’s foundation is typically the most costly component of construction – an average two-car garage requires around 1,200 square feet of poured concrete at an estimated cost of about $8 per square foot. It means the foundation alone may cost up to $9,600 in 2023.
Materials and supplies will be necessary for all aspects of construction – these include lumber for framing, siding and roofing materials, nails and screws, and insulation material, among many others. The cost of these materials will largely depend on their quality and quantity – high-quality materials will cost significantly more than standard-quality supplies.
Professional services such as hiring a contractor or engineer will also be essential in determining the total garage construction costs. Depending on their rates and experience level, contractors may charge between $3-$5 per square foot for labor costs. Additionally, professional architects or engineers may charge up to 10% of overall expenses if their services are necessary for planning and design.
Possible Additional Costs
When calculating total costs for constructing a garage, consider potential additional costs that may arise during the process. For example, depending on local regulations, permits may be necessary for beginning construction – these typically run anywhere between $50-$300 depending on location. Additionally, insurance is essential to cover any injuries or damages incurred during construction – these vary greatly based on location and type of coverage desired but usually range between $400-$1,000 in 2023.
Additional features such as automatic garage door openers or decorative finishes can significantly increase overall expenses, depending on their quality and quantity. Adding lights can enhance security and brighten dim spaces around the garage, and LED bulbs or energy-saving fluorescent garage lights are excellent options for this purpose.
Building a garage in 2023 can come with considerable costs. However, if done correctly, it can add significant value to your home and provide extra storage space or workspace for projects. To ensure you stay within your budget during this process, thoroughly research contractors before hiring one and obtain all necessary permits before beginning construction work. For additional resources when researching contractors or legal requirements, check out websites such as HomeAdvisor or Realtor.com for more information!