If you’re looking at foreclosed homes to buy as an investment there is no doubt that most garages look pretty bad. That’s money in the bank since a garage remodel is quick and inexpensive.
The concrete is probably dirty and there is no light reflection. But guess what? The garage is usually the biggest room in a house and the most undervalued. Even if the concrete looks rough it likely can be repaired and resurfaced to look showroom condition. When a prospective buyer walks in a newly resurfaced garage their eyes light up. They just found a bonus that will enable you to make more money quicker and compete with other properties on the market.
How Long Does It Take to Apply?
The actual time is short. If the floor needs to be repaired and cracks filled you’re looking at a few hours. You can buy everything you need online so there is no shopping time driving around. You can buy inexpensive garage floor paint at most home improvement stores but be forewarned, they don’t last and can start peeling off the floor in as little as a few days. A high performance coating looks excellent and valuable which resonates through the rest of the home.
Plan on anywhere from 1-5 hours for surface prep depending on the condition of the floor. Application of high performance coatings can be done in one day with two coats. Each coat takes about one hour in a two car garage. You can wait a day in between coats which means a three day job. So figure on two to three days but a total of eight hours. It is a light construction job which won’t wear you out.
How Much Does It Cost?
Plan on about 80-90 cents per square foot. A typical 2 car garage is approximately 22′ x 22′ totaling 484 square feet. Cost should end up being about $390.00 – $490.00 depending on the system.
The most important step in the process is surface prep. For fixing cracks and spalling the best repair product on the market today are polyureas. They are easy to mix and flow really well. Ask your supplier about the ease of working with their repair products. Just because a product says concrete crack repair doesn’t mean it works and is easy to use. If this is a DIY garage epoxy project you’ll want the easiest and best system to use otherwise you’ll hack your way through it with disappointing results that bleed through the decorative finish coats.
Once all the repairs are complete you will need to etch the concrete. Most DIY epoxy suppliers recommend an acid etch solution which creates more surface area and “tooth” for the coating to stick to. The new technology gel acid products on the market are your best choice. They provide a far superior etched result and are much easier to use. The gel acid is not dangerous to use and are simply rolled on. Leave them sit for 15 minutes and wash off. Then let the floor dry for a day and apply your coatings.
The Final Payoff
Once the floor is complete a few coats of paint on the walls and doors will make the garage look as nice as the living room. Add a few storage systems for organizing and you just added 500 square feet to the house. Considering the average single family home is about $200,000.00 you might just add $10,000.00 or more in value to a home with less than $1,000.00 investment. That’s easy money.