Please Help! (2 And 2 Or 3 And 1)? - General DIY Discussions - DIY Chatroom Home Improvement Forum


Go Back   DIY Chatroom Home Improvement Forum > DIY Repair > General DIY Discussions

CLICK HERE AND JOIN OUR COMMUNITY TODAY...IT'S FREE!

Reply
 
Thread Tools Display Modes
Old 12-30-2008, 02:40 PM   #1
Newbie
 
Join Date: Dec 2008
Posts: 1
Rewards Points: 10
Question

Please Help! (2 and 2 or 3 and 1)?


Hello Folks

My wife and I have an 1100 sq ft, 3 bd 1 bath, 1946 Bungelow that We have nearly completly remodeled. We preserved it's vintage charm but added modern conviences. It has an attached garage conversion mother-inlaw unit and a new garage. We have put in new wiring, plumbing, vinyl windows, hardwood flooring, cusotm kitchen cabinets, central AC/heat, insulation, roofing, and paint inside and out. New flat work, landscaping and vinyl picket fence. Lots of sweat equity, money and love went into this home. We have one bedroom left to finish and the project will be entirely done!

Here is the question: We are considering converting two adjoining bedrooms into a master bedroom and bath. This would work well for us as our childeren are grown. However, we plan on selling within 3 years. Of course this would be a DIY project. The mother-inlaw unit is attached by a breeze way so it is not technically considered a part of the main house. What is your opinion or advise relative to resale potential and valuation regarding converting to a 2 and 2 or finishing as a 3 and 1?

Advertisement

charral445 is offline   Reply With Quote
Old 12-30-2008, 02:46 PM   #2
Newbie
 
Join Date: Dec 2008
Posts: 2
Rewards Points: 10
Default

Please Help! (2 and 2 or 3 and 1)?


We did something similar about 10 years ago and when we went to sell, we got crushed! We reasoned that someone like us (kids gone) would want the same thing.....fewer bedrooms but larger spaces ..... but it meant we reduced the potential number of buyers and reduced the true value of the home. Of course, a lot depends on where you live. If you are in an area where it is all retirees, it might not matter. For us, it was a big reduction. Best of luck!

Also, why not find a way to connect that mother-in-law space? Might work.

Buz Sulzner

Advertisement

bsulzner is offline   Reply With Quote
Old 12-30-2008, 08:24 PM   #3
Member
 
Join Date: Mar 2007
Location: Long Island, NY
Posts: 9,519
Rewards Points: 2,000
Default

Please Help! (2 and 2 or 3 and 1)?


Real Estate math is like this. Two bedrooms is better then 1 master suite.
Ron
Ron6519 is offline   Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





Top of Page | View New Posts