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Remodel & Renovate in 19082 : Real Estate Advice

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  • Home Buying19
  • Home Selling4
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Activity 2
Fri Jan 30, 2009
Neil and Kathy Haverly answered:
Vi,

When determining value on multiunit properties the majority of investors will mainly focus on the net cash-flow. How much additional rental income do you think the added unit will bring in? Are the utilities currently separated? Feel free to contact me if you wish to speak further on this prior to investing in making capital investments into the property that you may not be able to recoup.

Neil
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Tue Aug 26, 2008
Vi answered:
Thank you Mim and DD.

Is it worth it to add another unit? Remember, this is currently a triplex. If I add another then is will be Qualex b/c the basement is above ground level. I can seriously added another basement, living room, open kitchen, and 1 or 2 bedrooms.

This might be like a 30K project, is it even worth it if I am planning to sell within 5 years. How much value will it add?
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