Family members in Vancouver looking to convert a two car garage into a living space. The garage is decent sized and if the decision is to go forth will have a bedroom and a washroom. They have received some quotes from contractors in Vancouver. I want to hear what experience folks here might think it might cost in. I assume the cost is higher in Vancouver.
Scenario is for my mom who is 77 to move in with my sister, her husband, and two kids 3 years and 8 months old. Mom will help out with the kids as my sister is on mat leave and her husband is working near Bellingham and commutes daily.
My mom is in Richmond and my sister in Whiterock. Right now she goes to my sister's place during the week and goes to her apartment on the weekend.
Is it worthwhile to convert the garage to living space? How does it affect resale value? Do you get your $ back or would it add very little to the prices of house, or even devalue the home because of lack of garage?