How big on my first renovation?

[Thomas Johnson]

Hey everyone, new to the forum and I have quite the question. So I bought my first house
in 2011 back when the market was cheap as my first place starting out, had no apartment ever.
As we all know prices were great back then got the place for 60k and couldn't be happier.


So im thinking about getting into another property to fix up
while I rent this one out while doing that. Before I can think about that though I need
to get this house fixed up. It's in Mesa Az 1100 sq ft 2 bed 1 bath house. It's an
older home and needs some things, like a roof, an a/c windows, and some good insulation.

These repairs are going to cost some money. My question is, how big should I go?
I could make the back porch bigger, pour a thicker foundation, enclose the porch to add some
bedrooms. I also have a carport I would like to enclose into a nice garage.
Currently I am getting ready to build a nice Sliding RV gate, and I have just recently
finished building a nice block wall around the property as the old one was falling
down.


So I am thinking my best bet is to do all those things, get in some good tile, re do
the kitchen, extend the back porch, close it off add 2 bedrooms and another bathroom.


I just want some feedback, is there any reason why making this house into a bigger 4
bed 2 bath instead of a 2 bed 1 bath wouldn't be a good idea? I would say the property is
in a C class neighborhood. The market out here is really high right now, and rent is
also very expensive, it looks to me like I would get a lot more money as a bigger
and nicer house. Much of this work I will be doing myself, I aso have some family that
has worked in construction and can help oversee what the contractors are doing and help
with keeping the price down and the work honest.


Thoughts, opinions, concerns, what say everybody.


thank you