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Updated almost 16 years ago on . Most recent reply

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Bienes Raices
  • Orlando, FL
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Storage shed a liability?

Bienes Raices
  • Orlando, FL
Posted

I'm not sure what to do with this. As you can see, the door is missing, and should probably be replaced. The wood floor inside is also slightly soft. I don't know whether I should just tear it down, or leave it because it might be attractive to tenants, since the house itself doesn't have a huge amount of storage space? The shed has a shelf for storage of items inside.

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Some things to consider:

- Is there another storage area on the property (attic, storage space, etc)?

- Is there a garage that can be used to store stuff?

- Do most other houses in the area have storage sheds? If so, a buyer may consider it a benefit, even if it's a piece of garbage.

Here are pics of a house we did last year:

http://www.123flip.com/house-pics/the-second-chance-house-staging-pics

Here is the crappy storage shed we started with, and that my project manager and I argued about whether we should keep it or not:

http://reistartup.com/wp-content/uploads/Second_Chance_House/Before/shed_thumb.JPG

Ultimately we kept it, mostly because there was no garage or other storage space. I don't have any after pics of it, but essentially we just painted it, replaced the broken window and put a skirt around it, and buyers considered it a HUGE asset.

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