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To add a garage to your existing home will definitely raise you home's value. Garages are not only a great place for storage and to keep your car, they also add footage to your total living space.

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Q: Are garages a good investment if you want to raise your home's value?
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To calculate the compound growth rate (CAGR) first find the beginning and ending values of the investment. Then divide the current investment value by the initial investment value to get the quotient, use a calculator to raise the division result to a power of 1/number of years, subtract one from the calculation result, and multiply by 100 to convert the resulting decimal to a percentage.


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