Results 1 to 15 of 69

Thread: How much does a shop build add to property value?

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #11
    Join Date
    Nov 2022
    Location
    Northern Colorado
    Posts
    1,182
    I built my home 3 years ago. I built an attached ADU of 1k sq-ft for my in-laws and I built a 1.5k sq-ft detached shop. The ADU added 250k to my home value. The shop added 0k. My realtor/appraiser friend told me that shops do add value, without question, and will likely pull in some dollar amount when being sold but they are not strickly something tangible like an additional living space. That said, I did build my shop to have an 18'x12' door so that if I ever sell, someone with an RV or boat could repurpose the space easily. Thereby increasing the pool of potential buyers for my home. I have no plans to sell, but it was a consideration when I built it

    If anything, my shop costs me more since I have a rider on my insurance policy to cover all the crap inside LOL.
    Last edited by Michael Burnside; 12-20-2023 at 11:22 AM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •