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Updated about 16 years ago on . Most recent reply
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Minimum size for investment homes?
I'm not sure what other investors are looking at, but one of my qualifications for a property is the size of the home. Very small homes, under 800-900 square feet, seem to me to be just too small for most families unless its near a college or univerisity. I've seen 800 square foot 3 bedroom 1 bath homes that I could barely turn around in because of the size and layout. Many lenders also have a minimum size for loans.
Anyone else use this qualification for property evaluation? I generally prefer the 3/2 or a 4/2 as the statistics in my area show these are properties that are most often sold.