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Aside from the obvious of having more storage, there are several benefits to owning a home with extra garage space. The majority of homes in the Knoxville area have garages that hold 1 or 2 cars, so homes that have 3-car garages are in limited supply, especially within an affordable price range (under $300,000). On the flip side, there is a high demand in the Knoxville market for homes that have 3-car garage. That means if you own a home with a 3-car garage, a buyer is more likely to pick your house over a comparable house that has only a 2-car garage. 3-Car garages also add real value! According Home Renovation Innovation Research Labs, having a 3-car can add up to 2% to 3% to resale value of a home.
Another benefit to owning a home with a 3-car garage is having the option to use that space for entertaining, a workshop or play area for kids. Many people are making their garage a place to hang out by adding TVs, comfortable furniture, pool tables, bars and/or surround sound. By having a 3-car garage, you give yourself the option to not only keep your cars inside, but also have an additional area to spend your free time.
CLICK HERE for more information about the benefits of having a 3-car garage.
If you are thinking about selling your home, or would like a free no-obligation home evaluation, feel free contact us (865) 291-0355 or email us a listings@hollimccray.com to schedule an appointment.
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