Updated over 6 years ago on . Most recent reply
First Home Purchased
Hello,
I recently purchased my first home and would like another opinion on what I should do with it. The home is in a very established nice residential neighborhood, on a corner lot, and directly across the street from an elementary school, 2 blocks from a high school, and 1 mile from a large university. The home is a one bed one bath and very small, 500 sq. ft. The lot also has a distressed shed that will be torn down, no garage. We have been considering adding on either a garage, or a garage and 2 bedrooms and remodeling the existing house to make it a 3 bed and 2 bath. Other thoughts include just building a detached garage and fixing up the small house with no addition. Not sure is the end game is short-term fix and sell or hold and rent. I'm just looking for some feedback on what you would do. Thank you in advance.
Eliot