2-Car Tandem Garage

[Thomas Fiehler]

I totally, well almost........ agree with Mike. It is a one car garage in my market area.

 

[AlwaysLearning]

I have seen posted in this forum statements that the FHA considers a 2-car tandem garage to be a 1-car garage.

Can anyone point out the language in any FHA document that states this? I can't seem to find anything on it.

Thank you!

APPENDIX D: VALUATION PROTOCOL

Car Storage

Field • Protocol

None • If the property does not have a garage, carport or driveway, mark "NONE".

Driveway # of Cars • If applicable, mark this box and enter the number of cars that can be parked. A single lane driveway is considered to be a one-car driveway. It would be considered a two car driveway if either car can be moved without disturbing the other.

Driveway Surface • Enter surface type: concrete, gravel, macadam, etc., if none so state.

Garage # of Cars • Enter the number of cars the structure can accommodate.

Carport # of Cars • Enter the number of cars the structure can accommodate.

Garage/Carport Type • If there is a garage, designate whether it is “Attached”, “Detached” or “Built-in” and Enter an “X” in the box(es) indicating the style “Att.”, “Det., “Built-in”

 

[Kevin Mc]

Not exactly sure what that means?! If it is a two car tandem garage it is a two car tandem garage and its value will be reflected in the market no matter what one wants to call it.

I would imagine it would be inferior to a two car garage and superior to a one car garage.

Correct. While it may be a bit of an issue in a surburban market, in the city it would certainly have more value than a one car garage no matter what any guideline will tell you.

 

[Riick]

in the city it would certainly have more value than a one car garage no matter what any guideline will tell you.

Starting out, and appraising in downtown Philly, I called an old timer MAI who lived in the area;
Is a 2 car garage (in this expensive & densely populated, urban area) worth twice what a 1 car is worth?
Answer: Well, if you took your two cars to a local garage for monthly parking,
would you get a discount for the 2nd car? Of course not, they can fill every space twice over.
Answer to your question: Yes, a 2 car garage is easily worth 1.5 to 2x what a 1 car is worth, and, for bragging & convenience rights, maybe even more.

?? So is this tandem in Manhattan or Staten Island ??
Sounds like Staten Island is really Suburbistan

.

 

[JamesRockford]

So FHA is counting a "2 car tandem garage" as 2 cars, but a "2 car tandem driveway" as "1 car"?

How inconsistent of them...

 

[Natalie117]

So FHA is counting a "2 car tandem garage" as 2 cars, but a "2 car tandem driveway" as "1 car"?

How inconsistent of them...

that's what i was afraid of...

?? So is this tandem in Manhattan or Staten Island ??
Sounds like Staten Island is really Suburbistan

.

This property is in Staten Island, in an area with ample on-street parking.

In the end, I noted the subject as a 2-car tandem garage and since there were no comparables at all with 2-car garages, I was able to derive a very small market-based adjustment.

Thanks to all for sharing thoughts on this

 

[Peter LeQuire]

So FHA is counting a "2 car tandem garage" as 2 cars, but a "2 car tandem driveway" as "1 car"?

How inconsistent of them...

"A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines." - Ralph Waldo Emerson

 

[Trout]

The local office in this area, back in the late 1980's, would have required your description as a one car garage. I use to describe as 1 GA + on the form and note tandem in the description comments.

As stated, contribution would be superior to a one car and inferior to two...