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Updated over 10 years ago on . Most recent reply

User Stats

92
Posts
36
Votes
Danny Duran
  • Rental Property Investor
  • Mars, PA
36
Votes |
92
Posts

Parking Canopy to Catch/Divert Snow - Recommendations

Danny Duran
  • Rental Property Investor
  • Mars, PA
Posted

BP Community--I'm under contract on a 4-flat property here in Chicago (thanks for all your help @Brie Schmidt !) The rents are under market on all units (which I intend to re-mediate ASAP).

Behind this property, there is a concrete parking area with 5 spaces. 

I intend to owner occupy this 4-flat and want to reduce the hassle of brushing snow off my car every day in the winter. 

I am interested in installing a canopy-type structure over the parking spots for two reasons: 1) personal convenience while I owner-occupy; and 2) provide something that will differentiate the units to tenants (covered parking is nearly non-existent in the area). I've done a rent analysis and most units of similar quality offer street parking only. 

I believe it'll be easier to command market rent (or slightly higher) with covered parking.

What are your thoughts on this strategy?

Does anyone have recommendations for Chicago contractors that can help me with something like this? It's got to be able to withstand heavy snowfall and the Chicago elements. 

Any permitting issues I need to be conscious of? 

Thanks, all!

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