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Updated almost 8 years ago on . Most recent reply
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Does a 1 car garage and/or a fenced yard add rental value
Good evening all! I hope everyone has had a great weekend. I was wanting some input on a rental (duplex) have a 1 car garage for each side unit. Will this increase the rental I could pull in per month VS a duplex next door that has the same layout but no garage? OR will this just help me rent it out quicker. For this example lets say the duplex unit next door rents out for 1k. Could my duplex with a 1 car garage rent out for 1100? or will it not add additional rental income value. thanks for your time in advance.
Most Popular Reply
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With my duplex that has a garage, I offer the resident a reduced rate (but it's still supplemental income for the property) but if not I'd rent them out separately given that it makes sense for the area (i.e. might not work in an extremely rural area).
Best of luck,
Dave