A question that comes up quite often on the forums is what to do about garages that have tandem spaces, what to do about two car garages that can really keep three cars inside. Check out garage doors Coquitlam check Titan Garage Doors. How does this look on an appraisal? Is that a two car garage or a three car?
Tandem garages are fairly common, especially from garage services like https://silverlinesystems.com. From the street you see two doors and what looks like a two car garage from the outside opens up to a space large enough for more than two cars. Well the answer is, it depends.
Let’s look at the UAD, the field specific standardization requirements. Appendix D says “If the subject property has a driveway, garage, and/or carport, the appraiser must enter the number of spaces for each type of car storage” (pg 18). So you have to enter the number of spaces, regardless of the functionality of the space. It doesn’t matter if you’d have to move one car to get another out, the UAD says the appraiser must enter the number of spaces.
However, here’s the caveat, you don’t have to give that a value. This is why it depends. If you’re using UAD, you have to put a three car garage but there is nothing wrong with explaining why you didn’t make an adjustment between a comp.
Is there any difference in the value of a tandem garage? Again, it depends. This time your market might change the answer. Where I am, I’ve not been able to find support for the difference. According to the UAD I have to put down a three car garage but, from what I see, I don’t have to give an adjustment between a two car garage and a three car tandem garage. It’s up to you. You have to be the local expert. Know your market.In addition, proper maintenance and repair are important to stay alive in the market. Arlington Heights area has experts who can help you with this.
For more information on this subject, please download and listen to The Appraiser Coach Podcast Episode: 472