How much value will it add 1 post by 1 user

Vi T.

Accountant
Upper Darby, PA

13 posts

Posted: 08/05/2008 at 06:05PM

I own a triplex right on West Chester Pike in Upper Darby, PA (2 units on the first floor and 1 unit on the second floor)

The basement is ground level. Should I renovate and put 2 additional bedrooms in the basement. If I turn the basement into other apartment units, do I need to get a U&O.? What if I am the one who live in the basement? I really don’t want to deal with the township again.

Also how much value will it add to the property if I can put an extra bathroom and kitchen? Is it even worth it to spend $25K in renovation if I can only collect like $500 in rental? Can anyone get me some comps for triplex in the Upper Darby area? I will give you the direct address if you email me.

Big thanks

Use of these forums constitutes acceptance of our User Agreement and Terms of Service.

No portion of this website may be reproduced, in whole or in part without the written consent of BiggerPockets, Inc. By submitting any content to this forum, it becomes property of the site and you give us your consent to reproduce such content in any way, publicly or privately, in any form of media, known or unknown, without any compensation to you. BiggerPockets® does not necessarily advocate or agree with the beliefs, expressions or opinions of our writers, advertisers, moderators, or forum posts.