Extra Garage Space – The Ultimate Prize?

Green Escrow | Real Estate News

According to a new analysis by realtor.com®, extra garage space is highly desired by home buyers. In fact, those homes with three-car garages are likely to see an 11.45 price increase over those with only a single spot.

These days the majority of homes – currently around 64 percent – have two-car garages. Three-car homes tend to be larger and higher-end and thus more expensive.

Interestingly, there is also a demand for seven-car garages among high-end households with many buyers either auto collectors or hobbyists.