This is a great question. The value is very subjective. For an inpatient person who hates hunting for a parking space, he, or she, will value a parking pad highly, particularly if they use the care every day. A reserved parking space, if there were a garage nearby, might cost $150 a month or more. That works out to $1,800 a year. By any reasonable capitalization rate that suggests a good space, that is easy to get in and out, has to be worth betweem $20,000-25,000. But a thrifty person, or one who does not use the car daily, might search for spaces before springing to the extra cost, especially if they like the house.
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