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Updated about 3 years ago,
Bonus room or Bedroom ?????
Hello BP,
I am looking at a property thats as listed as 4bed 1bath, for $150,000. I got my agent to get us a tour and did a walk thru upon arriving I noticed it was actually 2 bedrooms with closets and 1 bath and the 2 other rooms are upstairs no closets technically bonus room with just storage space to the attic. well I'm a new investor and it's listed in all my resources as 4 bed 1 bath, but my Comps for a 4/1 are at $266,000.
aside from the rehab costs I'm having issues trying to determine usable comps for this property, and there isn't space to add a second bathroom for the upstairs without major layout work which I would like to avoid.
I would appreciate any input to what you guys think, thank you.