I am thinking about converting the duplex where I live into a condo and selling the other side.What are the pros and cons?

Asked by amyjoynt, Austin, TX Fri Aug 22, 2014

Im doing this to pay off the lien my ex has and stay in my neighborhood.Id like to get a general idea of the cost to do this legal etc. The taxes are already high,will they go up?Im trying to figure out if this is a feasible option. Any help from someone who's done this would be appreciated

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4
Carrie Hiner, Agent, Austin, TX
Thu Sep 4, 2014
Hello!

Interesting question.

PRO's: You could live there and pay of the ex's lien with the sale of the condo.

CON's: It will take some time and money to set up the condo.

Have you thought about selling entire duplex? Investors love duplex's. I can provide you with some sales data if you are curious as to what it may be worth.

Best of Luck,

Carrie Hiner
512-560-6563
http://www.corehomesaustin.com
carrie.hiner@gmail.com
0 votes
Bev West, Agent, Greeley, CO
Wed Sep 3, 2014
Why don't you just sell the other half of the duplex instead of converting it into a condo?
0 votes
Jordan Gouger, Agent, Austin, TX
Mon Aug 25, 2014
Besides speaking with the City of Austin's Zoning and Planning Deparment, you are going to need to hire a real estate attorney that specializes in these kinds of transactions. Julie Alexander might be able to help you with the legal aspect of it and possibly point you in the right direction for the code issues.

Jordan Gouger
Keller Williams
Web Reference:  http://www.aalawaustin.com/
0 votes
Juanitajack…, Other Pro, Austin, TX
Mon Aug 25, 2014
I would suggest that you contact the City of Austin Planning Department for the requirements; such as: fire proof wall between units, separate utility meters, etc. Juanita Jackson, JBGoodwin Realtors
0 votes
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