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Updated about 1 year ago on . Most recent reply

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Mark Koontz
  • Rental Property Investor
  • Maryland
10
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23
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More Bedrooms vs Better Living Space

Mark Koontz
  • Rental Property Investor
  • Maryland
Posted

Good evening, 

I am currently flipping a ~550 square foot house in a low income area. Population is ~50,000. Median household income ~$41,000. The house is a total gut with an entire new floorplan. I decided to go with a 2 bedroom layout which greatly reduced the living space. My thoughts behind this is with the location and buying power of buyers in the area, the bedroom count is more important than the extra living space. Also, 2 bed comps are a bit higher than the 1 bed comps. 

Does anyone have any insight on bedroom count vs living space in low income areas? 

Thanks in advance. 

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Bruce Woodruff
Pro Member
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
13,638
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11,750
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Bruce Woodruff
Pro Member
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

Go with 2 bedrooms. And also create a 'great room' concept if at all possible (structurally). And focus on the kitchen. It's all about the kitchen/great room/entertaining concept.

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