My wife and I are contemplating adding a parking spot to our place. At present we have a small side yard that is about 60 feet long and 25 feet wide. We will lose about half the yard if we put in parking. Right now street parking is fairly easy. My questions are 1. How much does parking add to resale value and 2. How much does it add in monthly rental value? We are 10 minute walk to the metro.”
I think it would depend on how much you use the yard. If you don’t use the yard at all I would def. add one. What do you guys think? How much value do you think it would add to the house?