Saturday, September 17, 2005

Housing Mania : garage utilization


In my condo complex, many resident use their garage as a storage. Their cars never park inside. With housing price so high and average living area are getting smaller. It is understandable to use every inch of the space for better usage.

Here are some other creative garage utilization I saw before:
- remodel as a fitness room (my next door)
- make it two bedrooms (no air circulation dude)
- build it as cats playground (she is a cat lover)

This seems funny but actually quite practical. The average housing price is above $600K in the valley. Assume garage space occupies 20% of the house. This translates to $120K worth of value. Let's say you always park the car outside. Then pay full cover insurance so you don't need to worry about car stolen. It probably costs $1K more on insurance per year. Still it is peanut compared to $120k. And now you have an extra space for living.

Does this sound ridiculous!? My wife thinks so. Therefore my car still stays inside my garage!

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