Reply to Advice needed: DC home value: single garage vs 2 parking spaces

Forum Index » Real Estate

Reply to "Advice needed: DC home value: single garage vs 2 parking spaces"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]We bought a NW DC rowhouse this year with an "as-is" single car detached garage. The beams are rotting, the door stopped working, it's not watertight, and there are holes in the walls. Also, it's not wide enough to fully open the doors on our compact car. We've had a few contractors look at it, and only one thought it it could be repaired, probably for 10-15k. I'm skeptical that the total wouldn't be more.

We're expecting a baby and need a parking situation that will allow us to get the baby in and out of the car easily (and we will probably get a bigger car within a couple of years). We looked into replacing the garage with a 2-car garage, but the quotes were 60-90k, and we don't have that much money for this project.

My question is: how much could our home value decrease if we replace the (crappy) single car garage with two parking spaces + a shed?

I assume parking for 2 cars would appeal to some buyers vs. our current one-car parking. The shed would provide a place for a stroller, bikes, etc. because we have stairs between the house and alley. The project would cost at least 10k, probably more (take down garage, replace single car pad with permeable pavers for 2 cars, install shed, and install new back fence to close off yard).

Other context: we live within short walking distance of 2 metro stops and a few bus routes. On our block, ~2/3 of the houses have parking spaces in the alley, and ~1/3 have garages (none built recently). Our plat shows the garage structure. Our house was listed with a 1-car garage when we bought it, so the garage is in the MRIS records.

What do you think?[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics