How much does a garden shed add to the value of a home?
Here's my situation. I will be buying a home for $40K and then adding a 150 ft^2 garden shed (the shed will be placed under the carport) that I'll say for the sake of argument will cost $4K. As I will be filing for Chapter 7 bankruptcy right after these purchases, I will need to put down the value of the house. My question is how much would the garden shed add to the value of the house. I plan on affixing the shed to the structure of the house, so in one sort of way, it can be considered as an add-on.
Should I just presume that a shed would lose 50% value, or should I conclude that it would really add no value. I suppose that as long as I could reasonable presume it one way or another, I would be be legal. Of course, the bankruptcy trustee is going to see a bunch of cash advances coming out of my account, so I would be accounting for all of them, including the shed.