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Old 08-02-2009, 09:31 PM
 
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Is this a no-no for good resale on a detached single family home?
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Old 08-02-2009, 09:35 PM
 
Location: Philadelphia
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Quote:
Originally Posted by OrlandoRE_Miracle View Post
Is this a no-no for good resale on a detached single family home?
Are you thinking of a remodel? If so knocking out a bedroom will definitely hurt.
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Old 08-02-2009, 10:30 PM
 
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Quote:
Originally Posted by OrlandoRE_Miracle View Post
Is this a no-no for good resale on a detached single family home?
I have always heard that to be true. My brother though, had no problem selling an older 2bdrm, 1 bath several years ago.

There was a 2bdrm, 2 bath on my street (new construction) I nixed it for the reason you mention and because I deemed it too small. The people who ended up buying it must have went on to put their own upgrades in because the selling and assessment price are now more than we paid and we fought our overly high assessment and won. I don't get what they could have done as we saw it inside, unless they finished the basement, which does not show on the assessment.
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Old 08-02-2009, 11:06 PM
 
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Originally Posted by gold*dust1 View Post
I have always heard that to be true. My brother though, had no problem selling an older 2bdrm, 1 bath several years ago.

There was a 2bdrm, 2 bath on my street (new construction) I nixed it for the reason you mention and because I deemed it too small. The people who ended up buying it must have went on to put their own upgrades in because the selling and assessment price are now more than we paid and we fought our overly high assessment and won. I don't get what they could have done as we saw it inside, unless they finished the basement, which does not show on the assessment.
I see them now and then, sometimes 2/2 townhouses. I don't mean for me to remodel.
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Old 08-02-2009, 11:22 PM
 
3,320 posts, read 5,573,123 times
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Originally Posted by OrlandoRE_Miracle View Post
I see them now and then, sometimes 2/2 townhouses. I don't mean for me to remodel.
Oh well townhouses are bad for resale right now no matter, too damn many of them. The house I was talking about was a single family ranch and quite rare around here actually. An actual retired couple bought it so maybe they plan to stay quite a while.
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Old 08-03-2009, 05:48 AM
 
26,585 posts, read 61,813,124 times
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On a SFD it's considered a functional obsolesence by FNMA & friends in most areas, and can be difficult to get a loan approved for. Same idea as a house with no closests.
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Old 08-03-2009, 10:04 AM
 
Location: Marion, IN
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I have always had a 3/2. I have always had a room I did nothing with except clutter up with junk. When this house sells we will be looking for a 2/2. I just have no need for that third bedroom.
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Old 08-03-2009, 10:09 AM
 
Location: Minneapolis, MN
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This is a historical trend that I believe is changing. It made more sense back when people were having more kids and average family sizes were larger. I recently bought a 3/1 but the 3rd bedroom is really too small to be a functional bedroom so it's used as a closet. My parents are trying to pressure me into adding on a bath and I just don't see the importance in having a 2nd bath that they do. I was fine purchasing the home with 1 bathroom so I imagine there are other people out there who feel the same way.
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Old 08-03-2009, 10:14 AM
 
2,414 posts, read 5,380,162 times
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Originally Posted by Racelady88 View Post
I have always had a 3/2. I have always had a room I did nothing with except clutter up with junk. When this house sells we will be looking for a 2/2. I just have no need for that third bedroom.
This is kind of how I feel too. Right now I have a room I never use or go into. It's basically a storage unit.
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Old 08-03-2009, 10:15 AM
 
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I've bought a couple of 2/1 houses. They make good rentals. The only issue with them is that since they only have one bathroom, if something goes wrong you have to get someone out there asap because there's not a spare.
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