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Remodel & Renovate in Indiana : Real Estate Advice

  • All175
  • Local Info8
  • Home Buying103
  • Home Selling15
  • Market Conditions0

Activity 28
Thu Jan 10, 2013
Scott Orich answered:
Lori

You are correct that some single family properties in the Central Av area have sold for $300K+. With the square footage and number of bedrooms and baths that you have it is worth exploring the possibility of converting to a single family home. To command that price you would need to thoroughly update the home - updated kitchen, updated baths, refinished hardwoods and the such will keeping some of the old home charm. Your floor plan would also need to make sense for today's lifestyle and not look like a converted duplex. You may also need to add a garage. Of course it all comes down to money. If you need more details regarding market activity in the area or a plan/cost estimate for the conversion please contact me. Thanks

Scott Orich
RE/MAX Ability Plus
317-513-6488
scott@scottorich.com
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0 votes 3 answers Share Flag
Tue Jun 26, 2012
Michael Weaver answered:
Please give me a call at 317.385.1722 and I would be glad to discuss it with you. I unfortunately am not getting as much as I need to give you my opinion.

Thanks

Michael Weaver

Managing Member
The Vearus Group
... more
0 votes 2 answers Share Flag
Sun Jun 17, 2012
Jackie Lovell answered:
Good luck finding out that answer.. I can't imagine any Realtor can answer that question.

Your best bet for that answer would be from a builder. It would depend all on what your choices are for those particular items. You can pick top of the line everything and it could be extremely expensive. You could be modest and pick toilets, tubs and etc. in a conservative price range.. but you also have to be mindful not to overbuild for the location.

I would recommend you find out exactly what you want and get it quoted to you before you buy. My thought here is if you buy their home and find out the addition wouldn't be cost effective for you then you shouldn't buy there home but buy something else that already has what you want. The fact that their home hadn't sold in 3 years tells me they are asking too much for it. Even though are market has been slow homes that are worth the price or are a "GOOD Deal" ARE SELLING!
If you pay too much for this home and also add on then you are just putting yourself in a bad economical position. Plus when you finance and the appraiser evaluates the home he will see they had been on the market for 3 years at "X" amount and he will automatically know IMMEDIATELY what the home is "NOT" worth. I'm just saying. :-)

Good Luck. You can probably get an average sell price in the area to see if it is a good deal before you sign papers and become committed. (plus most real estate purchase agreements have vergbiage that if the home does not appraise for the purchase price or higher then the buyer is not commited to buy the home..but by then you will have spent $375-$450 for an appraisal to find out.)

Jackie Lovell, Artisan Realtors, (317) 332-7547
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Thu Jun 14, 2012
Lydia Ma asked:
I recently purchase this house with 2 floors. First floor has ceramic tiles already. I would like to install ceramic tiles on second floor as well. This is a investment property. ...
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Tue Apr 24, 2012
Tiffany Macon answered:
Well there are several factors that can determine your price such as are you replacing it with copper or more of what they are using today which is pvc. Replacing your whole home can be expensive. You may want to start with what needs to be replaced. There is a helful site I go to for costs which is below. In the upper right type in replacing copper pipes cost and it will give an roundabout estimate. Otherwise, if you are really moving forward have about three plumbing contactors come out to give you an estimate. They typically dont charge for estimates as they want your business. ... more
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Sun Apr 22, 2012
Suzanne MacDowell answered:
You should check with your local construction code official. Howeverm in general, a bedroom has a closet and an egress window. An egress window is one through which a firefighter in full gear can enter the room, so it's a fairly large window, and one reason why it is difficult to add 'bedrooms' to a basement. ... more
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Wed Mar 7, 2012
Roland Vinyard answered:
Right up my alley, both are what I do. However all I can do is advise, given the distance. roland@thebardrocks.com
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Wed Feb 8, 2012
Ron Thomas answered:
I don't think that such a site exists:
There are just too many variables in doing that work;
you will need to have professionals visit the house and survey the work.
A good contractor won't "ball park" estimates because of the pitfalls; they want to be accurate.

Good luck and may God bless
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Sat Dec 17, 2011
Michael Weaver answered:
Seriously? Are you going to ask a question like this and expect a Realtor to say
0 votes 9 answers Share Flag
Wed Feb 27, 2013
Shanna Rogers answered:
Hi Hojnacki,

Check with the Realtor Associations in your area.

Shanna Rogers
SR Realty
www.RealtyBySR.com
0 votes 6 answers Share Flag
Mon Jun 6, 2011
Yllas asked:
Mon Jun 6, 2011
Yllas asked:
Thu Feb 21, 2013
allan erps,ABR,SFR answered:
And why was that illegal? Please explain why, new construction? Isn't the Town really responsible to check for code violations?
0 votes 10 answers Share Flag
Wed May 4, 2011
Don Tepper answered:
Check with a lawyer. If the problem is that building the shed would violate zoning ordinances (a structure too close to a road), then you might ask the zoning commission for a variance. That's like an exception to the rule. Or perhaps you could redesign the shed so that it doesn't come as close to the road and, thus, complies with the zoning regulations. Or consider moving the location of the storage shed.

Hope that helps.
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Mon Jun 11, 2012
Tim Moore answered:
Sun Sep 19, 2010
Tom Vornholt answered:
Adding the closet halps the appraiser value your home with other 4 bedroom homes. Otherwise your value is only comparable to iother 3 bedroom homes.
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Tue Jan 25, 2011
Sam answered:
16 ft 10 and1/2 inches to the outside of wall from peak plus two ft ovetr hang makes it 19 ft from peak to bottem edge one side both is 28ft .frompeak is64 inches plum or straight down to top of wall height of the64 inches devided by half the full width gives the sq ftage from wall up end of eav for siding ... more
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Fri Jan 4, 2013
Julie Barnett answered:
Well, you asked this months ago, but it should stay with the property if it is something is affixed. If not affixed to the property, then you could remove it. Some people will tear up their home when they are losing it, but the ways the tax laws work now, if you tear up the home the bank will get less money for it and you will have to pay taxes on the difference between what the bank gets and what they gave you originally for the loan, so to vandalize your home when you lose it to foreclosure is only like shooting off your own foot, so to speak. ... more
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Wed Feb 8, 2012
Mary Petruzzi answered:
I agree it would be nice to see the foreclosed homes in "clean" condition. Your best bet is to contact the list agent for each foreclosed home. You'll need to workout the payment because I'm not sure if the list agent will want the expense and/or if the bank is willing to pay you or reimburse the list agent. Hugh Blackwood with Century 21 Scheetz in Carmel has a lot of bank owned properties, you may want to contact him to see if he's interested in your services.
Best of Luck,
Mary Petruzzi, Realtor
Century 21 Scheetz
mpetruzzi@c21scheetz.com
... more
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Wed Feb 8, 2012
The Relocation Department answered:
Are you looking to buy one or just work for someone who owns them?
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