If you're talking about building additional square footage, it's almost always a non-starter.

Here are just a few questions you would need to answer in order to clarify a little more what you are wanting to build:1 - How big, in square ftg?

Is just the fact that no garage could be a no go for some buyers enough to build it even if it only raises the value by the actual cost?

Your best bet is a property on water and sewer in a non HOA community and either convert the garage to an ADU or Build a separate ADU .

You will see more of these types of changes coming out of government, we can’t build all A properties at ungodly numbers for dirt and building costs!

Without a cost segregation you depreciation the building value of your property across 27.5 or 39 years.

What kind of cost per square foot are you seeing in Boise to build multi-family / townhomes?

I think we are competitively priced, so most of out tenants have been renewing, but we plan to test higher rents in 2025  for our larger apartment buildings to account for the steep increase in insurance prices.There have been A LOT of new apartment buildings put up recently in the Cedar Rapids metro area, so depending on the class of tenant you have, maybe that could account for some of softening you are seeing? 

have you thought about new builds?

We just ran the new build comps for our market in Columbus Ohio and saw a pricing premium of more than 40% in the urban core for infill work.