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Old 03-19-2018, 12:19 PM
 
2,142 posts, read 1,154,578 times
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The math doesn't work well either. 2 12x12 bedrooms is 288 sq/ft. So if this place was a 3 br unit you'd be looking at 1,110 sq/ft.

That is incredibly small for a 3 br so that tells me the rest of the place is incredibly small even as a 1br. Given that, the fact that 1 bedroom is such a small market and that you'd be competing with condos and other more desirable property I'd say hell no.
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Old 03-19-2018, 01:47 PM
 
Location: Denver CO
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I own half of a side by side duplex - each half is sold/deeded separately. As far as that aspect goes I have zero complaints. 99% of the time, I never hear my neighbors and they have 2 big dogs. If they are hammering stuff or using power tools, then I hear that, but that's such a time limited thing it doesn't bother me in the slightest. I can't guarantee that the builder of the one you are looking at is using similar construction methods, particularly for the party wall but that is definitely something I'd look into. My builder had a cutaway model of the party wall, showing all of the layers of insulation and sound proofing.

However, I'd be hesitant about buying a 1 bed/1 bath house. I think that it's just too small for most people and even if you managed to make everything fit, you are still looking at a very small pool of buyers when the time comes to sell. Given how frequently you mention relocating somewhere else, I think it would be quite short sighted to buy something that won't be easy to sell if and when you want to.
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Old 03-19-2018, 02:59 PM
 
Location: Somewhere in America
12,305 posts, read 10,068,622 times
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I don't see a 1 bd/1ba very practical as a condo at all! Selling them would be hard. Sounds like the developer is finding that since none of those units have sold. How much is the median or average price for a single family home in your area? Seeing how you have a 2 bd condo that was $66K and this 1 bd is $120K, I don't se them selling at all! It's one thing when it's an apartment. It's an entirely different thing when it's a condo and a person owns it....they're stuck with it unlike an apartment where you're free to leave at the end of your lease.
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Old 03-19-2018, 03:07 PM
 
Location: Cary, NC
31,647 posts, read 55,388,070 times
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In my market?
I would buy all I could of them for rental units.

But, I'm not in TN.
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Old 03-19-2018, 05:05 PM
 
2,469 posts, read 2,729,386 times
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1 bedroom is way too limiting as a buyer or a renter. I would not buy such a property.
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Old 03-19-2018, 07:56 PM
 
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it's not just 1BR 1BA, it has a garage! the obvious questions (to me anyway) is why put a garage on a 1 BR anything. And why not instead of the garage have a second bedroom. It seems like poor use of space. people want space for guests and stuff. not for cars. or if they want a garage they are going to be in something bigger, an actual house. weird. odd.

why not convert the garages to bedrooms? looks like there's street parking. I've been a renter for close to 25 years, and have never used any garage even when i had one. in a triplex i lived in for a while, one of the tenants built a sailboat in his tiny 1/3 of the garage. when it got too big he pulled it out into the driveway. it was hilarious. we lived out in the middle of landlocked farmland (see photo below from the film Napoleon Dynamite, it was filmed nearby) and Eric built his sailboat and when it was done, he loaded it onto a boat trailer, and drove a long long long way to the water and sailed his sailboat. like something out of field of dreams.

https://michaelpippa.files.wordpress...n-dynamite.jpg

Last edited by Tzaphkiel; 03-19-2018 at 08:05 PM..
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Old 03-19-2018, 08:25 PM
 
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I wouldn't buy it, 822 ft is enough for a 2/1,
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Old 03-20-2018, 09:38 AM
 
Location: Round Rock, Texas
10,101 posts, read 9,328,707 times
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No way, I wouldn't look at a 1/1 as a renter or a buyer. That was how I felt when I was single too. My first condo was a 2/2 and it sold in a nanosecond. If I had purchased a 1/1, it would have sat forever.
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Old 03-20-2018, 10:41 AM
 
Location: Denver CO
19,053 posts, read 10,079,571 times
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Quote:
Originally Posted by Tzaphkiel View Post
it's not just 1BR 1BA, it has a garage! the obvious questions (to me anyway) is why put a garage on a 1 BR anything. And why not instead of the garage have a second bedroom. It seems like poor use of space. people want space for guests and stuff. not for cars. or if they want a garage they are going to be in something bigger, an actual house. weird. odd.

why not convert the garages to bedrooms? looks like there's street parking. I've been a renter for close to 25 years, and have never used any garage even when i had one. in a triplex i lived in for a while, one of the tenants built a sailboat in his tiny 1/3 of the garage. when it got too big he pulled it out into the driveway. it was hilarious. we lived out in the middle of landlocked farmland (see photo below from the film Napoleon Dynamite, it was filmed nearby) and Eric built his sailboat and when it was done, he loaded it onto a boat trailer, and drove a long long long way to the water and sailed his sailboat. like something out of field of dreams.

https://michaelpippa.files.wordpress...n-dynamite.jpg
a renter isn't a homeowner, and even a homeowner who wants a very small house with 1 bedroom may still want a garage - not just for their car, but for a lawnmower and other home maintenance and garden tools and anything else that they need to store.
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Old 03-20-2018, 10:52 AM
 
10,276 posts, read 6,519,194 times
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A 1/1 is not hard to rent. People do rent them but as a duplex it will be harder to sell. People will buy 1/1 condo when it's all they can afford, but a duplex is more like a home and a home/house with 1 bedroom has a very limited appeal.
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