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Re: Which garage size would have the greatest resale value?


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Posted by Brendon-KS on December 13, 2018 at 18:42:18 from (63.245.145.35):

In Reply to: Which garage size would have the greatest resale value? posted by Geo-TH,In on December 13, 2018 at 13:13:20:

I agree with some of the others - build what works best for you now. I seriously doubt that a few feet one way or the other will effect the future selling price at all. I also wouldn't plan on the building itself being an investment. To see a return on investment you'd need the building to add more value to the lot than what it costs to build, maintain, and be taxed for from now until the future sale. This would be unlikely to happen, especially considering the opportunity cost compared to dropping the same ~$25k into a mutual fund for the same amount of time. The "perfect" building size, shape, and location will be different for everyone and finding potential buyers with the exactly the same idea as yours may be difficult. Everyone else will know the cost of their "perfect" building and will weigh that against the older, "not perfect" building already on your lot. If they can buy an empty lot and put up their "perfect" building for anywhere near the same as your asking price they will probably not be interested in what you have. And, as strange as it sounds to the typical YTer, such a large building would actually be a turn-off to some potential buyers that might otherwise be interested in the lot. It's a guessing game no matter what and there's no right answer.


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