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Updated over 2 years ago on . Most recent reply

Eric Jun's profile image
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Eric Jun
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Eric Jun
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Eric Jun
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Adding a Detached Garage

Eric Jun
Posted

Hi. I have a 2 BR 1BA single family BRRRR I'm trying to do. There's a little area in the lot that can be used for a parking spot and I'm thinking if I should consider adding a small detached single-car garage there to increase the value of the home at appraisal. How much does a detached single-car garage add to the appraisal value?

Birmingham, Alabama
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Jack Mawer's profile image
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Jack Mawer
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  • Member since Jun 22, 2022
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Jack Mawer's profile image
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Jack Mawer
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Jack Mawer
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Jack Mawer
  • Lender
Replied

It would depend on the current value of the home and the extent of the repairs. Have you considered adding an ADU instead to boost your rental income?

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