Your thoughts on the before and after layout

[Nas Zidane]

Hello everybody,

This is my first project so I took long time planning and asking about the layout, I wanted to share the layout with you all and see your opinions and thoughts especially from a buyer point of view, what do you like and don't like about it, what would you change, I know the two bedrooms are kinda close to the living/kitchen area but that was still the best option I had considering the current layout and the house being 1100 SQFT, Another question I wanted to ask is, in what data base is the house info is stored and how to update it since the house will be 3+2 instead of 2+1, I called the city of McKinney and they do not have the house's info at all since it was built in 1945, below are the pics

I worked with a design app for a little bit to have a feeling of how it'll be like in the future and came out with this

This is what you'd enter the house to if I flipped the entrance door

[Bruce Lynn]

I think you have to look at what a 2bed/1 bath homes gets you ARV.

Of course 3/2 is more appealing to most, but I think your rehab costs will be so high to accomplish that you will likely kill your returns and maybe even go negative compared to your ARV. Everything you propose doing to me has super high costs.

To me it almost looks like you want to transform it into something you would want to live in and value more.   You really have to be careful with this as you want to think about the market and what the broad market wants and what the broad market will pay for, not what you want.

Also do you loose the laundry room with the new floorplan?   I would think that would be a big negative for many.

The only place I see big revisions like this is in more expensive houses...often the mid-century type in North Dallas where there was formal living that many won't use any more...so people knock down a wall and open up the kitchen.

If this house is in the older part of Mckinney East of 75....what is your target market for end user? Is it families with kids that need the extra bedroom? Is it couples with no kids? Is it singles? Not a lot of sales to generate good ARV comps in this area I expect. This is probably a good area to find lots and build new homes, but it is tough buying rehabs in that area because the prices are too high to tear them down and build new.

If you bought it for around $100K, can you fix it for $20K and resale for $150,000?

I think there is more risk to buying for $100K and putting $50 into it and then trying to sell for $185,000.

I think people will complain the bedrooms are small and no laundry.