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Updated almost 6 years ago on . Most recent reply
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Value add rental layout?
Seeking advice on a layout - value add..
I have a duplex in that I am renovating for a buy and hold in a B+ neighborhood. Hoping for a high 300 ARV. The first floor is one unit. My question is which of the following options would add the most value to the appraisal and from a rental perspective?
Currently: 1 Master bed, 1 small room w/ VERY small closet and a small bathroom (7.5'x 4'8") in this unit.
OR - 1 Master bed, LARGE bathroom and small walk in closet
Basically, if I were to live there I would prefer to knock the wall out between the small bathroom and small bedroom (in back of the house) and have an overall larger bathroom and walk in closet. I only want to do this if it would add more value to my final appraisal value / rental value. Thoughts and recommendations appreciated.