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Updated 10 months ago on . Most recent reply

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Luke Masaschi
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Having Trouble with these choices...

Luke Masaschi
Posted

So I am in the process of acquiring a new property in a good area that is vacation driven in upstate NY. The house will cash flow but the property comes with a great newly built barn with a slab and all.

Now when my brother and I both left for college my parents had no use for a golf simulator that we had in our garage so they offered for me to use it at a property.

This would for sure add a lot of value to bookings but I cant decide if the $50 - $100 a night or so increase (just a estimate) is a better option than spending the 40-60k to turn the barn into an ADU / separate dwelling to add cash flow and equity to the property.

Does anyone have experience with these kind of things? How do you go about deciding whether to add large scale amenities vs another building or using the space for something similar. 

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Replied

ADU/separate dwelling will cash flow you more than the golf sim. The golf sim was just be looked at as an amenity like a game console.

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