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General Landlording & Rental Properties

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Heidi Backer
  • Saint Paul, MN
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How much is a detached garage space worth?

Heidi Backer
  • Saint Paul, MN
Posted May 14 2017, 08:08

Hi Everyone, 

We are currently under contract to purchase our first duplex and the sellers want to become renters for a year and the purchase of the house is contingent upon the lease agreement (both parties to need to agree on a lease before the end of the inspection contingency). They want to pay extra per month for the entire garage versus sharing it with the other unit. How much more per month is a detached garage worth in a very cold winter climate and how much will we "lose" from the other unit by not having it available to offer? Any insight is much appreciated!

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