Renovate works with reputable contractors who offer affordable and flexible financing options so you can make the most of your property. Garage loan rates, amounts, and terms vary based on your creditworthiness and the building companies that offer financing.
For example, if you get garage financing for a project that costs $25,000 at an APR of 10% over 48 months, you would pay about $634 per month. Your total cost to repay the loan would be $30,425.
There are many options to consider when planning a garage addition, but Renovate’s contractors have the experience and know-how to help you choose a garage build that works for you:
It costs between $35 and $90 per square foot on average to build a garage, though these costs can vary greatly depending on the material, foundation, finishes, and local labor rate. Higher-end garages can exceed $120 per square foot.
You can use a garage loan calculator to get a better idea of your project budget, but we’ve included a few estimates below:
The size of your garage plays a significant role in the overall cost when accounting for labor and materials.
| Size (Feet) | Cost Estimate |
| 12X24,16x24, 14x28 (1 car) | $11,000–$27,000 |
| 20x20, 24x24, 24x30 (2 car) | $20,000–$35,200 |
| 32x22, 36x24, 30x40 (3 car) | $28,500–$62,000 |
In addition to building the garage structure, you’ll need to account for additional finish work to complete the project.
| Garage Add-on | Cost Estimate |
| Foundation | $5–$37 per square foot |
| Windows | $250–$1,000 per window |
| Garage door (one automatic) | $1,850–$3,400 |
| Insulation | $0.60–$8 per square foot |
| Plumbing | $0.40–$12 per linear foot |
| Electricity | $10–$25 per linear foot |
A space used so frequently is bound to experience wear and tear. If you need to repair or upgrade your garage, our network of skilled contractors can help you address some of the following common garage building problems:
Many factors determine the project scope and process for adding a garage to your home. Renovate’s network of top-notch contractors will consider your storage needs, budget, and local building requirements to help you construct an outbuilding that’s both safe and beautiful.
Here are some of the aspects they might walk you through before starting a garage renovation project:
Even more than the materials, the size of the garage will impact the overall construction plan. Consider how many cars you want to store in the space and the kinds of vehicles you plan to protect. Our experienced contractors can help you map a layout that fits your storage needs and budget.
Beyond the shell of the garage, your project may also require certain features to finish the space accordingly — like adding windows, garage doors, insulation, storage space, and gutters.
Attached garages already have the benefits of being close to your home’s electricity, plumbing, foundation, and insulation, which could help you save money on the lesser-known costs of building a garage.
The materials used to build your garage will account for up to half the project’s total cost. Consider whether you want the facade to match your home’s exterior, as well as your overall budget. Brick garages will cost more than metal roofs, and installing vinyl siding over wood frames could also increase the price. (Don’t forget about the foundation and roof!)
Our best-in-class contractors can help you decide which building materials are best for your vision and budget so you can design a structure built to last.
Renovate’s network of skilled contractors can help you determine whether a permit is necessary for your project and pull them before starting the work. You’ll need a conversion permit if you plan to turn your garage into an ADU with an attached apartment or living space, but whether or not other permits are required will come down to your county or city, as well as the scope and intent of your garage addition.
Renovate helps homeowners add value and space to their homes with a garage. Here are some of the benefits of using Renovate to secure a loan to build a garage:
It’s free to use our financing request form and connect with experienced contractors who may offer flexible financing solutions. Renovate will reference its network of pre-screened professionals and show you affordable payment plans for building a garage without a high upfront cost.
Renovate strives to connect homeowners with varying credit profiles to reputable, pre-screened contractors and direct financing options. Our large, inclusive lender network secures more opportunities for garage financing that helps break down your costs and makes your home improvement goals attainable.
With Renovate, you may get a pre-qualification offer in minutes. Submit your request using our online form, and we’ll try to connect you with contractors who offer garage financing near you, so you can get started updating an existing garage or building a new one quickly.
Garage financing may be available to homeowners with bad credit through private financing companies, but the interest rates and fees will be higher. It’s worth comparing lenders to determine who offers the best terms for making garage additions more affordable. You can typically pre-qualify for financing and view offers using a soft credit check, though a hard credit check will be performed during the application process. Applying with a cosigner may also improve your approval odds for financing with bad credit.
You can finance garages in several ways, including private financing options through qualified merchants. The loan terms available to you will vary by lender and loan type. You can also consider a HELOC to fund your garage using the equity in your home. In addition, some home building companies may offer leasing programs, allowing you to pay smaller monthly payments until the project is paid in full.
On average, building a garage generates between 75% and 85% return on the investment; however, the exact value depends on the type of garage built, its size, and the features you add to it. A well-designed and functional garage adds both home appeal and storage, two high-value benefits for homebuyers.
