Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
12y
Crystal ball??
Tri -level what??
Downside if there is no elevator is the stairs. Older tenants will not lease because of the stairs. The top units will not get as much rent unless you have a nice view, deck outside etc.
Investor · Livonia, MI · Member since 2011 · 37 posts · 13 votes
12y
Some areas in the Detroit Metro have a lot of these. Tri-Ievel think is also called split level. It's a single family home with a main level which usually has the kitchen, living room and dining room, a few stairs up to the bedrooms and bath and a few stairs down to what some consider a basement but it's better than a basement because it has much larger windows, thus more light so it can be used as a family room or whatever else.
I can't figure out quite how popular these are amongst tenants and potential buyers. These homes generally have more square footage but on the flip side are harder to maintain because access can be an issue. For example part of the home is on a slab so you may need to break concrete to access things like duct work, pipes, etc.
Anyone have any more insight on these? Especially those of you in the Detroit area. I have been wondering if these homes are a good investment too.
Aurora, CO · Member since 2012 · 2k+ posts · 1k+ votes
12y
I've actually always liked the feel of the split-level design in houses I've visited. I've never lived in one though.... What is supposed to be bad about them?
Investor · Central Valley, CA · Member since 2012 · 6k+ posts · 3k+ votes
12y
I'm from Michigan and I have very specific memories of tri-levels that were owned by my family and relatives in the 1960-70s. The number 1 concern I would have today is not the tri-level issue, but the design issue. Unless you're talking about a post 1990s split level, most of those homes have windows, stairs, ceilings and other design elements that are very period specific.
Can the house be made to to feel contemporary? Or is there a market for restored mid-century homes where you are?
Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
12y
here's what a tri level home looks like.
but instead of the "garage space", it's the main living room
the part in the basement is either used as a "basement", but since it has many large (ground level) windows, most people use it as the main living room area.
Investor · Peachtree Corners, GA · Member since 2014 · 1k+ posts · 1k+ votes
12y
Personally I don't like them at all. There weren't many in the places I grew up; in fact I don't recall being in one until I was I'm my 30s. However, they seem to be very popular in certain areas around Atlanta. Which means I'll take every one I can get in a good deal.