Skip to main content

Siding or add bedrooms/bathroom?

DH and disagree on which renovation will most increase our resale value - residing the house or adding new bed(s)/bath?

We are considering major upgrades over the next five years. Option #1: rewrap and replace house siding. Option #2: add 1-2 bedrooms and 1 bathroom. The cost will be roughly equivalent, the #2 being a bit cheaper.

Our 1950s era 3-bed/2-bath house has 1990s vinyl siding that is faded but in otherwise good condition. The house wrap has no problems we know of except that it is original tar paper from 1950s. The house is decently-sized: 2k above ground (living) and 1k below (finished basement but not counted in total due to no egress). The additional beds/bath would be achieved by adding an egress to the basement (bedroom add 1), splitting an oversized kids bedroom (bedroom 2), and installing a basement bathroom.

submitted by /u/Worth_Alternative895
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/13nqy8w/siding_or_add_bedroomsbathroom/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Advice? Moved out of my primary residence and now renting

I moved out of the house I own in August 2021, I lived there for 8 years, I have been renting an apartment the past 3 years and renting out my house. My current tenant is moving out in September. I seem to have just missed the living 2 years out of 5 years rule for being exempt from capital gains tax and my house being a primary home. Any advice on what the best thing to do would be moving forward? Continue to rent out my house? I'm happy with my rental, but wouldn't mind buying another property down the road. I could sell my house down the road and try to do a 1031 exchange? Moving back in my house isn't ideal because it's an hour away from where I currently live. I could take a HELOC perhaps and try to buy another property and continue renting for the long term? I do have a 2.4% mortgage rate on the house so I don't mind keeping it for a while. Thanks for everyone's advice. submitted by /u/Ok-Top-7859 [link] [comments] source https://www.reddit.co...
Post a Comment
Read more

Do I need a license to remodel houses/properties in California?

I've searched online for an answer but nothing is clear. Do I need a license to remodel properties in California? Some sources say I need a contractors license, but I don't see why I would if I would be hiring contractors. Also, if you have any resources or know of any mentors who teach the business side of real estate, I would love some direction. I have no experience in real estate investment yet, but I'm looking to eventually become a developer. submitted by /u/reddit_PART2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1f4p74y/do_i_need_a_license_to_remodel_housesproperties/
Post a Comment
Read more