Brits convert garages to boost property value
More and more Brits are converting their garages into living space and evicting their cars onto the driveway, according to new research published this week.
The study by Santander found one in ten garage owners have converted or plan to convert their garage.
Only a third (34%) of garage owners now use their garage to store their car.
Over on in ten (12%) don’t use their garage for anything, while a quarter (27%) use their garage as storage space for junk.
Converting a garage costs £6,300 on average. However, the extra living space created by a converted garage adds an average of £7,250 to the value of home.
Phil Cliff, Santander spokesperson, said: “For many people garages have lost their original purpose.
“Cars are far more reliable and robust these days and most homeowners are happy to keep them outside on the driveway.
“But for a relatively modest investment garages can be transformed into a space that far better matches our current needs.
“For many homeowners maximising their current space is a far more affordable and convenient option than moving home.”