What's the value of an accessory/storage building for a rental?

[Pearce G.]

I just put an offer on a 1100sqft 3/2 SFR on a half acre. Should rent for $1000-$1200. Was wondering if putting a pre-fab storage building in the back yard might allow me to charge an extra $100 or so. Any opinions on this?

[Chris Martin]

I've found that it's hard to monetize these 'improvements' but that like any other amenity, the overall package that you offer may be more attractive and result in a lower vacancy rate.  

The cheap aluminum versions ... I'd avoid if I could do it again. On a half acre I'd be tempted to frame up a 'real' storage shed, and for anything large I would if there wasn't already. We have a half acre SFR in Garner coming empty by the end of summer and we'll put up a stick built shed. I think it will translate in quicker rent, not necessarily higher $, but at $250/week (roughly) in vacancy, that adds up quickly.