Category Archives: News

Buyers Will Pay Premium for Garage Spaces

Buyers Will Pay Premium for Garage Spaces

Extra garage space is coveted among home buyers. In a new analysis by realtor.com®, the site’s researchers examine median listing prices per square foot and all homes listed between Jan. 1 and Oct. 31 to determine how much more sellers are asking per parking spot.

Big Garage Space Matters

The Garage May Be a Big Selling Point

More buyers are house-hunting with garages in mind. Twenty-four percent of homes built in 2015 came with space for three or more cars in the garage – the highest share since the Census Bureau started tracking large garages in 1992. In fact, home builders are now constructing more three-car garages than one-bedroom apartments, Bloomberg reports.