It depends. If this is going to be your forever home, then losing a bedroom for your dream kitchen may be worth it. Having a home that functions they way you want it to is important.
However, if you know at some point in the future you will want to sell this home, you may want to do more research before going forward with renovations.
Are you talking about taking away a 4th bedroom, 3rd bedroom or 2nd bedroom? It can make a difference in future value of your home and number of buyers wanting a home like yours. Look at the recent sales in your neighborhood of comparable homes with your current number of bedrooms and those with one fewer bedroom. That will give you an idea of how buyers value bedrooms in your neighborhood.
Are there other options available to you? Perhaps opening a wall from the kitchen to the living room would make the kitchen appear more spacious without giving up bedrooms? Or changing the layout of your kitchen?
Which is why I often suggest home owners talk with a Realtor who lists and sells in your immediate area before jumping into a project. Although you can get estimates for the cost of a remodeling project, an experienced Realtor will be able to give you an idea as to the estimated market value of your home after the renovation project is completed. The more information you have up front, the better choices you can make.... more
Be proactive...... and be creative. Find someone who has been doing this for a number of years with lots of listings and ask if you can help them with all their listings/do all the annoying work like show houses for days/ask for 50/50 commission split on their listings that youre ding all the work for. They need your help, and they will help you with each deal because its their commission and reputation on the line too. You could also ask an actual person in your brokerage, the office manager, etc.. be firm. Youre a sales person and you entered a world of proactive-ness, so be it.... more
Most likely no. You need to refer to the contract you signed when you joined them as to what happens to pending sales when you leave. Some give you your agreed to commission, some half and some none. You need to refer to your contrct... more
Hi Barbara, I have a 2/2 with over 1000 sqft available after June. It is just north of the Miami River so about a few blocks from Little Havana. Building is from 2006 and in very good condition. Rent is $1400 a month.
Here is a quote of Alex Cohen, Lead Commercial Specialist at Core.
“Like many who have enjoyed vacationing in Miami, I was initially drawn to consider buying Miami Beach condominiums as investment about two and a half years ago. However, through assessing condo pricing and condo rents, I quickly discovered that likely returns would be 4% or less. Instead I chose to invest in a unique neighborhood just north of Miami’s hot “design district” called Buena Vista filled with modest single family homes built mostly in the 1930s and 1940s. In Buena Vista, I found and invested in homes that generate for me returns from year-round renters between 5.5 and 8 percent because they make 2-3 bedrooms homes on small lots accessible, particularly to millennial renters, at rents equivalent to what they would pay for a Miami Beach studio or small one bedroom apartment.”
I'm not sure about Miami, but if it's still actual for you go to the link below.... more
I am a Russian speaking Realtor with MVP Realty in Naples, Florida with 12 years of experience in Residential Real Estate.
I can be reached at 239-745-8003
Have you had any luck renting or buying? Which are you leaning towards at the moment if you have not purchased or leased yet?
I've got an excellent Realtor/Broker in Miami that specializes in those zip codes.
If you're still looking let me know and I'll send you his way.