Lender · Fairfield, CT · Member since 2018 · 183 posts · 82 votes
Does anyone have experience with converting a rooming house to market rate apartments? What did you find to be the biggest hidden expenses or things to pay particular attention to?
Investor · Rocky Hill, CT · Member since 2013 · 373 posts · 299 votes
5y
@Account Closed I looked at this. The big thing to think about is the layout and the utilities. All of the boarding houses I have seen are single utilities and nothing is broken out. So water, and electrical are usually an almost complete re- run. The other thing is parking at most rooming houses I have seen is inadequate for full occupancy.