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Updated almost 10 years ago on . Most recent reply

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48
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9
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Terry Hoefer
  • Investor
  • Waukesha, WI
9
Votes |
48
Posts

Garages-add much value?

Terry Hoefer
  • Investor
  • Waukesha, WI
Posted

While looking for duplexes in Wisconsin, some have no garage, but are otherwise desirable rentals. I know when I think back to my years as a young renter in Wisconsin, my dream was to have garage access. I would have stayed longer at a place with a garage. How does this affect the amount of potential rent, and is it ever a good idea to build a garage to attract tenants with decent cars. Or would the cost of adding one not be worth the expense?

Most Popular Reply

User Stats

10
Posts
3
Votes
Joel Katsma
  • Investor
  • Sheboygan, WI
3
Votes |
10
Posts
Joel Katsma
  • Investor
  • Sheboygan, WI
Replied

I have a few rentals in WI and I will definitely say that having a garage is a big selling point - I don't think I would buy one without, unless the numbers were spectacular.  With the winters we get here, it would be a struggle to find decent renters ($600 - $900 range) without a garage. 

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