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Updated over 5 years ago,

User Stats

16
Posts
6
Votes
Christian Bunte
  • Rental Property Investor
  • Houston, TX
6
Votes |
16
Posts

The Willy Wonka house: big deal or big mistake?

Christian Bunte
  • Rental Property Investor
  • Houston, TX
Posted

How do you put a price on the weirdness factor of a house when buying a property? Do you think an extremely custom/DIY rental unit will draw in OR push away possible renters?

I just got through walking the most beautifully ugly, creative, creepy, Willy Wonka style home I have ever set eyes on. This place is a massive 4,000+ sqft bright green single story house that was converted into a tri-plex by its eccentric owner. The house is selling for well bellow typical market value, but I don't know if my tenants will appreciate the high ceilings and extra space or be pushed away by the weird tile/room layout?

From what I could tell, the owner was a contractor who used the leftover housing materials from work to piece together an ever growing home... one piece at a time. The result was an (admittedly well constructed) 9 bedroom house with a MASSIVE amount of living space for each 3 bed 1 bath unit. I would like to live in one of the units and rent out the other two, but here are some of my concerns with the odd layout:

1.) Every room has completely different style/color tile in it.

2.) 2 of the units have 1 bedroom with only one entrance/exit? (My realtor said this does not qualify it as a bedroom and could be a safety hazard?)

3.) There exists a makeshift balcony with scaffolding pole railings that was built on top of a DIY storage closet that was built onto the front of the house?! 

4.) The house seems to have been used as one giant storage unit for the sellers hoarding habit. 

Any advice? 

 

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