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Updated over 10 years ago on . Most recent reply

User Stats

106
Posts
47
Votes
Matt Holmer
  • Attorney
  • Bettendorf, IA
47
Votes |
106
Posts

Buy and Hold: SFH no garage. Put up storage shed?

Matt Holmer
  • Attorney
  • Bettendorf, IA
Posted

I am interested in purchasing a 3/1 in a pretty decent neighborhood.  All the numbers make sense and I am ready to pull the trigger on the deal. 

The only negative about the property I see is there is no garage.  There is a long driveway that leads to a parking pad behind the house.  Even without the pad, the driveway could easily fit 4 regular sized vehicles and there is plenty of street parking.

Since the future tenant will be responsible for law care, I was thinking about putting in a small storage shed (like this) on the parking pad. Since there would already be a concert floor, it should be pretty easy and cost effective.

Does this seem worth the hassle? From the tenant's perspective, I think it would be a nice additional feature.  Without the storage shed, I have no idea where they would keep a mower so they would probably have to hire it out.  

The only downside is that it takes away some of the parking space, but I think there is still plenty.

Thoughts?

Thanks!

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