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The pros and cons of converting your garage into a living space

Cheapism Logo By Mia Taylor of Cheapism | Slide 1 of 18: With housing costs so high in so much of the country, it can be easier to buy a smaller property and instead invest in expanding its living space over time. One place to start: Converting a garage into something other than a parking spot. But there are many factors to consider about such a project, including the impact on a home's resale value and the total price tag (which may be more than you bargained for). If you've been contemplating a conversion, here's what real estate, home design, and even insurance professionals think you should know first.Related: 12 Steps to Hiring a Contractor for Less

Parking Break

With housing costs so high in so much of the country, it can be easier to buy a smaller property and instead invest in expanding its living space over time. One place to start: Converting a garage into something other than a parking spot. But there are many factors to consider about such a project, including the impact on a home's resale value and the total price tag (which may be more than you bargained for). If you've been contemplating a conversion, here's what real estate, home design, and even insurance professionals think you should know first.

Related: 12 Steps to Hiring a Contractor for Less

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