Value of a finished shed?

[talisman]

Got to Tuffshed.com- They have ones that ar 200 to 400 Sq.Ft and can be placed on a concrete slab foundation, 1/3 cost of what you are talking about doing .

Yeah, I did a detailed quote at tuffshed early on. Their shell (14x14x8) is about $5600. My (reputable) shed builder will build me a similar shell for $4300. Then there's wall, floor, and ceiling insulation ($1300), wall and ceiling drywall ($1500-2000), vinyl floors ($750), electrical connection and wiring ($1k), lots of windows ($2k), full glass door ($500). That puts it around $11,500. With a wraparound deck and a few other accoutrements we're budgeting more.

 

[talisman]

It sounds like a detached garage to me and is probably valued at approximately the same amount by the local market.

If that's true, that would be great. I don't know how accurate this is, but from a brief search online I find:

On average, expect to spend around $27,000 to build a garage. This will likely up the resale value of your home by about $21,000 for an 81 percent return on your investment.

But the majority opinion here is that it will add much less (if anything at all).

BTW, example photos can be found here (though my structure will be a bit bigger): https://www.yelp.com/biz_photos/affordable-portable-structures-austin-2

 

[Mark K]

But the majority opinion here is that it will add much less (if anything at all).

Yeah, that 81% might be true, somewhere, but not in most of the world. I can't see it adding $0 because most people would rather have it than not but if you get 1/3 to 1/2 return on it you're doing pretty good.

 

[Ricky LaFleur]

It seems the consensus provided to you here suggests that it won't be equal or greater market value than what you're going to spend. You asked if it would provide "some" resale value, and that is very likely. If you are planning on moving soon though, I wouldn't sink the money into it, because you will likely suffer a loss. BTW, at least in my area, the contributory value of items like that typically start out CLOSER to what you spend when it's at its most basic "trim", for example just the plain shed may add 50-75% of cost (those figures are not market extracted, just guessing). After you spend another $60/sf on it, it will likely be FURTHER from cost, say maybe 20-40% for easy figure's sake.
This happens when any items pass the point of diminishing return. If you put marble floors throughout all of your single-wide mobile home, there's about a 99% chance you're going to lose your rear on that investment, because the market won't typically support it. But if it's not for investment's sake, go for it.

 

[TMG]

Hi all,

Austin TX homeowner here. I'm considering building a 200 sqft (the max allowed without permitting) finished shed in the backyard. On a foundation, wooden frame, wood siding (like the main house), drywall, vinyl floors, electric but no plumbing, window AC. It doesn't qualify as a dwelling, but I'm hoping it will have some resale value. How might an appraiser estimate its value?

It should cost around $15k to build. If we want plumbing, we'll have to deal with city permitting. The plumbing + permitting add probably $10k and a lot of time, so we'll probably skip it.

Thanks!

This is what I would most likely put on the appraisal; "Finished shed has a positive effect on the subjects marketability, and a neutral effect on the subjects value". Unfortunately, a 200sf non-permitted (but legal) shed is not going to change your homes value. I'm not trying to be mean, just honest. Traditionally, things that add value, are things that home buyers are looking for. There wont be many buyers who tell their agent; "We want a home with a 200sf shed". However, they might say; "We want a home with a pool"..."We want a home with 4 bedrooms"..."We want a home with RV parking" etc. etc. Sheds are nice to have, so I don't discourage building it. Good luck!

 

[glenn walker]

In my hood, people build them , then as soon as inspector signs off - They install a kitchenette & bathroom and rent that bad boy out for$500.00 a month-Then when they sell it they remove the kitchenette and bathroom , then when the new buyer moves in he switches it back and the game goes on- Now thats a profitable Storage area - I have even see large tuff sheds where people live in them, of course its illegal in California so if you get caught you have to go back to living on the streets because thats Legal : ) LMAO

 

[Tim The Enchanter]

In my hood, people build them , then as soon as inspector signs off - They install a kitchenette & bathroom and rent that bad boy out for$500.00 a month-

I've seen a couple of these. Do you tell your friends to come around back to your Tuff Shed you are renting?

Saw a place yesterday had 6 x 12 and a 10 x 14 Tuff sheds. The bigger one had electricity and lots of peg boards, ooh ahh.
I might like one, but not at the prices above. Gimme one of those plastic ones.

I suppose they could rent it out to their own groundskeeper Willie. But in a monster size $2.5Mil house it seems unlikely.
They are a feature, no adjustment warranted. No doubt the pool/spa cost more. Almost everyone has a pool in this area.