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I woul dbe he would see about a 75-80% return, but it would make the curb appeal much better.
Jack Lewitz If the garage is in bad shape, the buyer will use it to bring down the overall price for the property. If garages aren't a must have item in your market, it might be best to tear it down.
I can't answer your question without knowing the specifics for the area and this neighborhood.
Value of a nice garage? $20000 - 40000 depending on many factors. Can he repair and paint the garage for $5000 ?
Have him get estimates. Instead of dealing with the work, perhaps he can offer credit to new Buyer in that amount. State it in the marketing materials Seller offering "x" for replacement of garage. Seller then has backing of quotes from reputable builders and Buyer can't dispute costs.
Check out the price differences and what sells for what...will the expense justify the sale price ?
Thats a loaded question that can not be answered by anyone who is not in your area, who does not know the neighborhood etc.