Skip to Content

Get a FREE assessment of your rental property. Start here!

Get a FREE assessment of your rental property. Start here!

Should You Add (or Remove) a Storage Shed from Your Eldersburg Rental Property?

A Small Storage Shed in the BackyardA storage shed can be a nice add-on feature to a single-family rental property in Eldersburg. However, a storage shed can likewise be a potential liability. This can be a real challenge to recognize whether adding or removing a storage shed from your rental property is the correct thing to do. But mastering everything that you can regarding the pros and cons of storage sheds, and also when it should be removed, can make that option even better.

In case your property already owns a storage shed or you’re considering adding one, here are numerous things that you should remember. As stated by the appraisal experts, sheds do not add very much to a property’s value. The benefits of acquiring a shed should come from someplace else. This is particularly accurate if you are intending on building or installing a shed on a rental property that doesn’t already have one. Nevertheless, a basic shed can be relatively affordable, but there is the investment cost to contemplate.

The capital you spend on a shed will probably not translate into a higher resale value, however, it may help make your property appealing to long-term tenants. It’s helpful if your rental home doesn’t have large closets, storage areas, or a garage. in situations like this, a shed may get you to entice and keep the tenants who are happy to pay a little extra for the convenience of obtaining on-site storage space.

Certainly, a storage shed may not be desirable for all occupants in all markets. This is what makes understanding both your local market and your target renter so critical. Conditional on who you want to rent your rental home to, a shed may hold little to no appeal. For instance, based on the number of tenants, even those who require single-family rental homes, are more likely to be in the process of minimizing their possessions or hiring service companies to help them take care of their homes. In either situation, this conveys that the tenant has fewer personal possessions, and will not want to pay more for a rental house with a shed.

Stemming from a property owner’s point of view, having a shed on the property might bring a few unwelcome problems. A storage shed will require maintenance, adding to the time and expense of property upkeep. In addition to this, tenants may overfill or misuse the shed, leading to structural damage or even an insect or rodent problem. If this develops, your property values could suffer as a consequence. For this motive, some property owners may find removing an existing shed, even one in good condition, to be the best option.

Keeping or removing a shed is not a conclusion to make mildly. But if your property already has a storage shed, at some point you will need to address whether or not to remove it. In due time, all structures deteriorate. Once a shed has endured its useful life, it may become both an eyesore and a liability issue. Sagging roofs, warped doors, insect damage, and rust can all turn a shed into a safety hazard for you and your renters. If any or all of these provisions have advanced, failing to remove the shed could result in a lawsuit, should someone get injured. If you do decide to remove the shed, it is important to follow proper safety procedures or hire a reputable contractor to get it done for you.

Determining to add or remove a shed would take some conscientious exploration and deliberation. Nevertheless, such actions are essential to assure that you have made the correct decision for you, your residents, and your investing fate.

If you have any further queries about how we can assist you with all your Eldersburg property management needs, the masters at Real Property Management Essentials are here to help. Contact us online or call us at 410-832-3138 today.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.