Chattanooga, TN · Member since 2019 · 22 posts · 8 votes
I just closed on my first house, and it’s going to be my primary residence for now. It’s a 3/2 with one of the bedrooms is really an office with a closet. I have a covered carport that is part of the house. My wife and I are thinking of converting the carport to a master bedroom with a master bath and walk-in closet. We have done alittle research that says it’s probably not worth it, but I like the idea. Thanks for any input. I would like to hear opinions from investors and appraisers.
Hi Jeremiah - what do the other houses around you or near you have? When analyzing the deals, does the CMA have 4/3 houses that sell near you at a much higher rate? If you can find the other comps to prove the value, then it might be worth looking into.
Comps are not everything.. but they do help to prove or disprove value.