Garage Condos: Dollars & Sense

Once you have more toys than you can manage… you don’t own the toys, the toys begin to own you.

The realities of balancing work and family life don’t frequently intersect with the needs of managing a few “weekend cars” as well as other “toys”. Anyone that has endured a Midwest winter, understands the chaos that snow, salt, and grime bring to keeping your collection the way you like in your home garage.

Combine that with a frequently disappointing resale value of moderate homes with more than 4 or 5 garage bays, and the idea of an off-residence, car community, garage condominium begins to get a lot of traction.

First and foremost, garage condos are away from your residence. No bicycles, skateboards, pets or impromptu basketball games that you don’t manage and control. Effectively, no surprises. That’s security and peace of mind that can be hard to find at your home garage.

Garage condos come ready to decorate. Things that you could never consider at home are now a real possibility in space that you own and control. Comprehensive toolsets, kitchenettes, living rooms, giant screens, simulators, lifts, automobilia, and more can safely be used, enjoyed, and displayed in a single, secure environment. Display an old Indy Car at your home, not likely. Hang an old Indy Car in your garage condo… a total possibility.

Finally, garage condos can be turned into cash, and have the possibility of appreciation, unlike a 5 car garage extension. Having an asset that is separate from your residence that you visit and enjoy for years is great. When you’re ready for more space, less space, or an entirely new adventure, you have that flexibility.

Garage condos can make dollars and sense for the right type of owner or collector. To find out more about how you can join the Motor District as an owner, contact Jay Farmer at jay@motor-district.com or 954.288.4591. Further, if you wish to review the Motor District Brochure, it can be downloaded above.