Multi-family Home Room Addition
Good Day!
This is a 3 unit multi-family apartment home. Also this is my first home and I am new to landlordship. Currently, I occupy the first floor, 1 bedroom unit. I want to add a room to the first floor and later a deck on top of that. My reasoning is that when I move and offer it as a rental, a two bedroom will increase the pool of potential tenants. Additionally, the second floor unit would have the addition of the deck. That is a decent plus for a rental. I would charge more for both units. Two possible draw backs: A few applicants for a current vacancy say they like the apartment but not the neighborhood. Secondly, the deck would have the view of the neighbor's yard with grass that has not been cut since I moved there in May of this year. Moreover, I rarely see them so any type of rapport has not been established.
In terms of buliding the room and deck, friends say I could hire people they know to complete the work for a reasonable price. Does this seem like a worthwhile investment? Any advice is appreciated!
Regards
Cheryl