Impact to home price for not having option to park inside Garage

Impact to home price for not having option to park inside Garage

Member since 2020 · 4 posts · 0 votes

I have a scenario, where a 50x120 2000sq foot back split bunglow has a 1 car garage(very small and cannot fit a mid size car). It has driveway which can park 3-4 cars. Wanted to understand how much does it impact the price value when selling the home.

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  • Rental Property Investor · Brookshire, TX · Member since 2019 · 56 posts · 16 votes
    6y

    Do a sales comparison with the houses in that area.  Compare similar sold houses of the same size, number of rooms, quality, etc.  When you've collected all the data of all similar homes WITHIN THE AREA compare the sold price between houses with a garage/carport and houses without one

    TL;DR

    It depends on what your market demands.

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