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Updated almost 5 years ago on . Most recent reply

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Mohab M Hafez
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Would you purchase a single family home rental w/ no garage?

Mohab M Hafez
Posted

Hi All, Would you consider purchasing a single family home rental property with no garage? Property is in a state with cold winters. Do you think renters will mind? Do you think I will have a hard time Selling in the future? Lastly, do you know the average cost to build a basic two car detached garage?

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Dimitri Paspalaris
  • Investor
  • Rota, Spain
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Dimitri Paspalaris
  • Investor
  • Rota, Spain
Replied

Depends on the area. If all of the other houses have garages and yours doesn't your values for renting or selling will more than likely need to be cheaper. I would recommend checking to see what the other properties near by have and to make sure the numbers are good prior to making the deal. 

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