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How are outbuildings accounted for when selling a house?
We have several outbuildings with our property. They're all well-maintained and usable. How are these accounted for when selling the house/property? How do you determine that these add values vs. down the street has an outbuilding that's falling apart.
Asked By Brad | Farmer City, IL | 173 views | Selling | Updated 4 months ago
Answer (1)
Julianne Clark
Charter One Realty
An outbuilding such as a free standing shed is listed as included in sale -- like the refrigerator or the washer and dryer. Depending on your financing -- if the shed is substantial -- it could need to be inspected. For example -- the roof is old and needs replaced. In some situations -- it becomes not just a storage spot -- its a sale contingency if in poor condition. I have had client in the past remove sheds in bad condition or install new roofs to get financing approval.
- 3 months ago
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