$12k or $20k retaining wall and driveway

[Christian Hanus]

I’ve gotten multiple quotes for retaining wall and driveway replacement. If I want to replace what’s already there (in very bad condition) it’ll cost $12k. For $20k I could add a little parking pad to the right and add a retaining wall to that side of the yard as well. Is the $8k worth it?

[JD Martin]

Quote from @Christian Hanus:

I’ve gotten multiple quotes for retaining wall and driveway replacement. If I want to replace what’s already there (in very bad condition) it’ll cost $12k. For $20k I could add a little parking pad to the right and add a retaining wall to that side of the yard as well. Is the $8k worth it?

 No way to answer without seeing pictures, understanding what you want the property to be and if there's any return on doing the extra work. What's the current parking situation? Is this a rental? What happens if you don't build the wall - is the bank falling off? ETC. 

Generally with investment properties there's no point spending money that has no return.