Average Cost To Turn Garage Into Apartment

Average Cost to Turn a Garage Into an Apartment

Converting a garage into an apartment unit can be a cost-effective way to create additional living space or generate rental income. However, it's essential to understand the costs involved before embarking on this type of project.

The average cost to turn a garage into an apartment can vary significantly depending on several factors, including the size of the garage, the complexity of the conversion, and the materials used. The cost can range from $20,000 to $60,000, with an average of $45,000.

Factors Affecting the Cost

Size of the Garage: The larger the garage, the more it will cost to convert. A two-car garage will typically cost more to convert than a single-car garage.
Complexity of the Conversion: If the garage requires extensive structural changes, plumbing, and electrical work, the cost will be higher. Adding a bathroom or kitchen will also increase the cost.
Materials Used: The type and quality of materials used will impact the cost. Higher-quality materials will typically cost more.
Permits and Inspections: When converting a garage into an apartment, it's essential to obtain the necessary permits and inspections. These costs can vary depending on the local jurisdiction.
Labor Costs: The cost of labor will vary depending on the location and the availability of qualified contractors.

Cost Breakdown

Here is a typical cost breakdown for converting a garage into an apartment:

Construction: $20,000-$40,000
Electrical: $2,000-$5,000
Plumbing: $2,000-$5,000
HVAC: $2,000-$5,000
Materials: $5,000-$15,000
Permits and Inspections: $1,000-$3,000
Labor: $5,000-$15,000

Additional Considerations

In addition to the direct costs, there are other considerations when converting a garage into an apartment:

Property Taxes: Converting a garage into an apartment may increase property taxes due to the increased value of the home.
Homeowners Insurance: The homeowner's insurance policy may need to be updated to cover the additional living space.
Rental Income: If renting the apartment, it's essential to research the potential rental income to ensure the project is financially viable.

Conclusion

Converting a garage into an apartment can be a rewarding project, but it's essential to understand the potential costs involved. By carefully considering all the factors discussed above, you can accurately estimate the cost and make an informed decision about whether this project is right for you.