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Updated over 6 years ago on . Most recent reply

User Stats

31
Posts
15
Votes
Mitchell J.
  • Real Estate Investor
  • Chicago, IL
15
Votes |
31
Posts

Value of private rooftop deck?

Mitchell J.
  • Real Estate Investor
  • Chicago, IL
Posted

Curious to see what everyone thinks here.  How would you value a private rooftop deck that comes with a top-floor condo unit (of a 3-4 unit property)?  I know they come in different shapes and sizes, but how much of a premium (as a % of the total value of the house, or $ amount) would you say a finished private rooftop deck with a Chicago skyline view adds?

Most Popular Reply

User Stats

318
Posts
307
Votes
Ibn Abney
  • Rental Property Investor
  • Chicago, IL
307
Votes |
318
Posts
Ibn Abney
  • Rental Property Investor
  • Chicago, IL
Replied

@Mitchell J. No expert here, but I would suggest a 5%-10% premium on top of the cost to build. Anyone with the permitting can build a deck. NOT 5%-10% of the purchase price.

Good Luck!

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