General Question: If I have two properties to choose between 4 BHK Single Story (1650 Sq Feet) inn Leander (Border of Cedar Park) vs 4 BHK Double Story (2100 Sq Feet) in Leander with 5 miles of radius of zip code. Which Property has an edge in terms of appreciation? Is it true that single-story houses are always better appreciated in terms of price?
1. 4 BHK Single Story 2 Bath (1650 Sq Feet)- Very near to Retail Center. The community has a swimming pool, park, and other amenities. Shares Leander ISD Schools as 2nd Option below
2. 4 BHK Double Story with 2.5 Bath (2150 Sq Feet)- 4 miles to Retail Center. One Bedroom downstairs and 3 upstairs community has a swimming pool, park, and other amenities. Shares Leander ISD Schools as 1st option.
Round Rock, TX · Member since 2017 · 28 posts · 10 votes
6y
You won't go wrong with either one. You might want to look at rents vs make ready costs. Does painting a 2 story cost more than a 1 story -yes- but does rents out weigh any additional costs because it is a 2 story? Look at your insulation. If tenant's electricity/gas bills are lower for one than another, you will keep your tenants longer and /or charge higher rents. My opinion, Leander is hot buy both!
From 2015 through 2019, the median sales price of a one-story, 4 bed single-family home in Leander increased approximately 34.3%. Over the same period, the sales price of the median two-story, 4 bed single-family home in Leander increased approximately 33%. This data comes from the MLS.
@Ronak Shah probably a wash in the end, per David’s data. Evaluate each one for its current condition and make a decision. You won’t go wrong with either.