I hope this has given you some guidance.
Our question is why do you want to convert from 2 to 1 family?
Usually demand and price increases from 1 to 2 family not the reverse, unless you have fewer bedrooms and baths than the other comparable homes in the neighborhood.
Before taking the plunge and expense for the conversion via a new C/O have you spoken to Realtors to determine the price differential (gain) to move forward?
If you were not selling and wanted to convert to a mother/daughter or hospitality suite for a relative, it is a good idea. However, you indicate you are selling. That's why it may make more sense to leave it a 2 family but move forward with the renovation. And when you renovate to sell, try to update simply and with features that appeal to most buyers. Re-doing kitchens and baths are always a good idea, and painting in light airy colors to open up rooms is excellent.
As full-time Brooklyn Realtors, we would be happy to assist you and include a free home evaluation. We hope this information is helpful to you, and please don't hesitate to call!
David Rogoff & Bonnie Chernin
Real Estate Sales Associates
Fillmore Real Estate - Branch 19
Brooklyn NY 11210
917-593-4068 - David mobile
646-318-5031 - Bonnie mobile
Certified Buyer Representative (CBR)
Senior Real Estate Specialist (SRES)
Century 21 Princeton Properties
Top 2% of Century 21 Agents Nationwide
You should really have one of us come over and look at your home as is and run some comps for you, because in today's market it may not pay to do anything to it.
Or you can start with the architect first and get an estimate
of the costs. Please feel free to contact me directly and set up a convenient appointment.
Charles W. Mirailh
I'm a broker with 35 years experience, a Developer with 20 years of construction experience and an accountant.
If you need my assistance feel free to contact me. Good luck.
You are going to need to obtain a new C of O. The best place to start is talk to an architect. They will need to file plans with the city and can better explain the process/expense. When you are ready to sell please don't hesitate getting in touch with me, I will go the extra mile for you!
Corey Wasserman, Associate Broker
Bergen Basin Realty