For homeowners building new homes in neighborhoods with limited square footage, the space under the garage is blank canvas for fun uses — but it doesn’t come cheaply.
Jeff Englund, president and owner of Denver-based builder Larsen, said a basement under garage differs from a typical basement because it requires structural support and waterproofing designed to withstand vehicle weights.
Depending on the size, including a basement under garage could cost $50,000 to $100,000 for the structural components, Englund said. Finishing the space could cost another $50,000 to $250,000, depending on the planned use. Pam Catania, a realtor with West + Main, and her husband included a basement under garage when they built their Lakewood home in 2018. Their architect suggested the addition as an efficient way to add more living space without increasing the house’s footprint.
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