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Updated about 8 years ago,

User Stats

8
Posts
2
Votes
Craig Miller
  • Investor
  • Lakewood, OH
2
Votes |
8
Posts

Tree removal/driveway repair, worth it for rental or future sale?

Craig Miller
  • Investor
  • Lakewood, OH
Posted

Hello - first post here.

A little background - I just purchased my first property in the Cleveland area, a duplex, and am renting one unit out and living in the other. I will (most likely in ~2 yrs) be relocated with my company, and will then have to decide whether to keep the property and rent both units from wherever I am relocated to (likely not very close), or sell the property. One of the issues with the property currently is a massive tree which has cracked the driveway next to it. My thought is that I could have the tree removed and then pave over where the tree was so there is driveway access to the 3rd car area of garage (see pic) - this could allow both units to have garage access through separate doors. My question is will I get a return on that investment (potentially $10k or so for the whole removal/new driveway) if I decide to sell the property (in a few years when relocated for work), or keep and rent both units (could add garage access into the leases for more $). Or should I just be looking to repair the current driveway just to the 2 car area, and leave the tree (was told I could trim roots so it stops growing and lifting the concrete on that side)?

Am I thinking about this the right way?  Also does my pricing estimate sound about right for tree + driveway?  It is a massive tree - about 60' tall probably, and the driveway extends maybe another 12 - 15' from where I'm taking the picture.  Thanks for any help and suggestions!

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