When comparing properties, how much more value does a double garage have over a single car garage?

The valuation of a double garage compared to a single car garage can vary based on local market conditions, but many appraisal sources suggest that the value difference typically leans toward a range reflecting the added utility and convenience of extra space.

In this case, selecting an increase of $1,600 as the additional value reflects a reasonable approximation of the increased functionality and desirability that a double garage provides. Homebuyers often prioritize garages not only for parking but also for storage space and potential workshop areas. This added space can significantly enhance a property’s appeal to prospective buyers, justifying a higher valuation.

While a double garage clearly offers more advantages than a single car garage, the specific amount can depend on factors such as location, the overall market trend, and the specific characteristics of homes in that area. In general, $1,600 is a common estimate used by appraisers for the increase in value associated with a double garage based on the utility changes derived from having that additional space.