Rehab renovation ideas

[Jeff Cliff]

Hello,

I am currently rehabbing a house. The house has ocean views from the backside.

I intend to make this my retirement home in another 20-25 years. Until then I want to rent out various rooms as a university is close by and possibly keep one room for myself for weekend getaways.

Currently the house has a kitchen and dining area over the garage. This is the only kitchen in the house and the second floor only has kitchen & dining area (no other rooms).

I am thinking of converting the current kitchen into an independent (studio unit) by adding a bathroom and giving an exterior access, this could potentially be the room (studio) I keep for myself for now.

I am also thinking of moving current kitchen downstairs to a room that is really small, however it has an unpermitted bathroom. If I demolish the bathroom, kitchen would be of decent size.

Remodel would look like this,

First floor:

1. Losing 1 BA out of 3 BA

2. Losing 1 BR out of 4 BR (although originally house has only 2 permitted bedrooms)

3. Gaining 1 Kitchen

Second floor:

1. Gaining an independent studio

2. Gaining 1BA

3. Losing kitchen(May add a small kitchenette later on for the weekend getaways)

End result:

First floor: 3 BR, 2BA & a kitchen.

Second floor: Studio with 1BA (plus a small kitchenette in a few years)

Does this remodel financially make sense especially because I am moving a kitchen and a bathroom? What other things I should consider?

This is a random question here but will ask anyways, where should I look for appliances as the house needs all the new appliances for kitchen and laundry, considering very likely they would be used by college students. I saw some kitchen appliance combos on Costco.com between 4K & 5K but are there any other better/cheaper places with decent quality appliances that would take some abuse?

Thank you in advance for your response.