How are you? The best way to answer your questions would be by knowing your property address so that i can pull the taxe records and look at the foot print for your home, to find out specifically what time of home garners the most in resale value, in accordance with your neighborhood. Please feel free to contact me with that information and i would be glad to respond with some feedback on your question. The general feedback without further detailed exploring would be that 2 family would garner more then a single family in value.
p.s. Of all of your family, friends, neighbors and co-workers, who do you think will be the next one to move, buying or selling?
Peter J. Mlaguzi III
President of Real Estate Sales and Development
O: 617-395-1496 x703
This question could easily be answered by getting your Realtor to do 2 Comparative Market Analysis on the property. The first would be done with the house in its current state. The second would be done with the home converted to the single family. Then you would be able to see the price difference, consider the conversion costs, and make a decision.
If you have equity in the house, you might be better off to sell it now and buy the home you really want. This may be a wiser alternative to spending a lot of money to reconfigure this home.
Keller Williams Realty
On the other hand if the use as a duplex was illegal then the value is like any other comparable single family home in the immedate neighborhood . Check wth a Realtor doing busness in that neghborhood.
Hope that helps,