What are people paying to renovate the space above their garage? 384 sq-ft $179k quote.

What are people paying to renovate the space above their garage? We are considering this option vs starting fresh with a new garage, which will be much more expensive with finished space above.

Our architect roughed some plans, and our builder sent over a quote for what it will cost.

The size is roughly 384 sq-ft and we will be adding a dormer for more interior space and windows.

$184k does not include cabinets in the kitchen or any interior paint. It does include everything else finished, a heat pump for $6k, and packed gravel for additional parking for $5.2k (subtracted this from the quote).

This quote also includes insulating and sheet rocking the garage below with a propane heater for the garage.

Without the packed gravel ($5,200) and insulating the garage ($12,000), the quote would be around $167k without paint and kitchen cabinets.