Adding Square Footage

[Sam Yi]

Hey Guys, I'm a newbie investor in the Seattle Washington area! I found a property but it's pretty small compared to the other homes in the surrounding area including it's own comps (had to adjust pricing cause it was so small) I'm wondering if adding sq. footage would be cost effective and better to fit some of the comps in the surrounding area. I think it would be a great project that could have good return if I could bring this property up to some similar level to that of the comps, just wondering if adding sq. footage is the right move here?

[Sherief Elbassuoni]

@Sam Yi, you will need to do the analysis and see if it makes sense to add the sq ft or not. 

For example, if adding the sq ft will cost you $80K, and comps only $50K more, it doesnot make sense to add the sq ft